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<p><b>Wednesday September 15, 2004</b></p>

<b><font face="Arial Unicode MS" size="4"></font></b>
<p><b><font face="Arial Unicode MS" size="4">Press Release</font></b></p>

<p><i>SOURCE: Westsphere Asset Corporation, Inc.</i></p>

<p><b><font face="Arial Unicode MS" size="5">Westsphere Asset Corporation Confirms Lease Renewal between the Province of Alberta
&amp; Banff Gate Mountain Resort Association.</font></b></p>

 <font face="Arial Unicode MS"></font>
<p><font face="Arial Unicode MS">CALGARY, Alberta, -- As undertaken at Westsphere</font><font face="Arial Unicode MS" lang=
"JA">&rsquo;</font><font face="Arial Unicode MS">s Annual General Meeting in December 2003, on September 9, 2004 a copy of
Miscellaneous Lease No. MLL 860082 dated June 14, 2002 was delivered to Westsphere</font><font face="Arial Unicode MS" lang=
"JA">&rsquo;</font><font face="Arial Unicode MS">s legal counsel confirming the granting of a Land Lease between the Province of
Alberta &amp; Banff Gate Mountain Resort Association for a period of twenty-five (25) years commencing from June 16,
2002.</font></p>

<p><font face="Arial Unicode MS">The extension secures Westsphere</font><font face="Arial Unicode MS" lang="JA">&rsquo;</font><font
face="Arial Unicode MS">s mortgage position through the full term of the mortgage. At present the outstanding balance of the
mortgage granted by Westsphere to Banff Gate Mountain Resort Association including interest of six (4.25%) percent is $318,262.00
in Canadian funds. A copy of the Miscellaneous Lease is posted on Westsphere Asset Corp. website.</font></p>

<p><font face="Arial Unicode MS">COMPANY OVERVIEW</font></p>

<p><font face="Arial Unicode MS">Westsphere Asset Corporation, Inc. is a holding company, with subsidiaries engaged in business
activities focusing mainly on the non-conventional banking industry.</font></p>

<p><font face="Arial Unicode MS">With a model of GROWTH THROUGH CONSOLIDATON AND INTEGRATION, WSHA has significant potential
through acquiring proven/or undervalued companies, reorganizing and maximizing their performance then consolidating their business
activities with the existing business operations being conducted by WSHA subsidiaries.</font></p>

<p><font face="Arial Unicode MS">Currently, the Company has established a strong presence in the privately owned non-conventional
banking sector, i.e.: Automated Banking Machines (ABM) industry in Canada, and maintains and services an ABM network across
Canada.</font></p>

<p><font face="Arial Unicode MS">WSHA has subsidiaries involved in Financing and Leasing, Point of Sale Equipment Distribution,
Property Development and Management, and Development of other non-conventional banking alternatives.</font></p>

<ul>
<li>CAPITALIZATION: 75,000,000 COMMON SHARES WITH NO PAR VALUE</li>

<li>SHARES ISSUED: 34,622,243</li>

<li>For further details, please refer to WSHA website</li>

<li><b>Transfer Agent:</b> Holladay Stock Transfer Inc.	</li>

<li>2939 North 67th Place</li>

<li>Scottsdale, Arizona 85251</li>
</ul>

<p><font face="Arial Unicode MS">DISCLAIMER</font></p>

<p><font face="Arial Unicode MS">Forward-Looking Statements: This news release contains certain forward-looking statements. All
statements, other than statements of historical fact, included herein, are forward looking statements that involve various risks
and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and
opinions of management on the date the statements are made, and WSHA does not undertake an obligation to update forward-looking
statements should conditions or management's estimates or opinions change.</font></p>

 <font face="Arial Unicode MS" size="2"></font>
<p><font face="Arial Unicode MS" size="2">2140 Pegasus Way N.E.</font></p>

<p><font face="Arial Unicode MS" size="2">Calgary, Alberta, Canada</font></p>

<p><font face="Arial Unicode MS" size="2">T2E 8M5</font></p>

<p><font face="Arial Unicode MS" size="2">Tel: +1-403-290-0264</font></p>

<p><font face="Arial Unicode MS" size="2">Fax: +1-403-290-1266</font></p>

<p><font face="Arial Unicode MS">SOURCE: Westsphere Asset Corporation, Inc.</font></p>
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pr091504
Wednesday September 15, 2004
Press Release
SOURCE: Westsphere Asset Corporation, Inc.
Westsphere Asset Corporation Confirms Lease Renewal between the Province of Alberta
& Banff Gate Mountain Resort Association.
CALGARY, Alberta, -- As undertaken at Westsphere
'
s Annual General Meeting in December 2003, on September 9, 2004 a copy of
Miscellaneous Lease No. MLL 860082 dated June 14, 2002 was delivered to Westsphere
'
s legal counsel confirming the granting of a Land Lease between the Province of
Alberta & Banff Gate Mountain Resort Association for a period of twenty-five (25) years commencing from June 16,
2002.
The extension secures Westsphere
'
s mortgage position through the full term of the mortgage. At present the outstanding balance of the
mortgage granted by Westsphere to Banff Gate Mountain Resort Association including interest of six (4.25%) percent is $318,262.00
in Canadian funds. A copy of the Miscellaneous Lease is posted on Westsphere Asset Corp. website.
COMPANY OVERVIEW
Westsphere Asset Corporation, Inc. is a holding company, with subsidiaries engaged in business
activities focusing mainly on the non-conventional banking industry.
With a model of GROWTH THROUGH CONSOLIDATON AND INTEGRATION, WSHA has significant potential
through acquiring proven/or undervalued companies, reorganizing and maximizing their performance then consolidating their business
activities with the existing business operations being conducted by WSHA subsidiaries.
Currently, the Company has established a strong presence in the privately owned non-conventional
banking sector, i.e.: Automated Banking Machines (ABM) industry in Canada, and maintains and services an ABM network across
Canada.
WSHA has subsidiaries involved in Financing and Leasing, Point of Sale Equipment Distribution,
Property Development and Management, and Development of other non-conventional banking alternatives.
CAPITALIZATION: 75,000,000 COMMON SHARES WITH NO PAR VALUE
SHARES ISSUED: 34,622,243
For further details, please refer to WSHA website
Transfer Agent:
Holladay Stock Transfer Inc.
2939 North 67th Place
Scottsdale, Arizona 85251
DISCLAIMER
Forward-Looking Statements: This news release contains certain forward-looking statements. All
statements, other than statements of historical fact, included herein, are forward looking statements that involve various risks
and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and
opinions of management on the date the statements are made, and WSHA does not undertake an obligation to update forward-looking
statements should conditions or management's estimates or opinions change.
2140 Pegasus Way N.E.
Calgary, Alberta, Canada
T2E 8M5
Tel: +1-403-290-0264
Fax: +1-403-290-1266
SOURCE: Westsphere Asset Corporation, Inc.