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<META NAME="date" CONTENT="08/14/2009">
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<P style="margin-top:5.65pt; margin-bottom:5.65pt; line-height:15.5pt; font-family:Arial Unicode MS; font-size:13.5pt"><B>Press Release</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><I>SOURCE: Westsphere Asset Corporation, Inc.</I> </P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt"><B>Friday August 14, 2009</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">PRESS RELEASE </P>
<P style="margin-top:5pt; margin-bottom:5pt; line-height:14pt; font-family:Arial; font-size:12pt"><B>Source: Westsphere Asset Corporation, Inc. (&#147;Westsphere&#148;)</B></P>
<P style="margin-top:5pt; margin-bottom:5pt; line-height:14pt; font-family:Arial; font-size:12pt">Calgary, Alberta <B>Westsphere Asset Corporation, Inc</B> advises that the 8K of June 30, 2009 and July 27, 2009 was misfiled under Item 2.01(Completion of acquisition or disposition of assets) and should have been filed under item 8.01 (Other events). &nbsp;The proposed transaction described has not been consummated. </P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Further information related to matters dealt with at the shareholder meeting will be posted on the Corporations website. westsphereasset.com &nbsp;&nbsp;</P>
<P style="margin-top:4.15pt; margin-bottom:-12pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol">&#183;</P>
<P style="margin-top:0pt; margin-bottom:4.6pt; padding-left:36pt; line-height:13pt; font-family:Symbol"><FONT FACE="Arial">CAPITALIZATION: 75,000,000 COMMON SHARES WITH NO PAR VALUE </FONT></P>
<P style="margin-top:4.15pt; margin-bottom:-12pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol">&#183;</P>
<P style="margin-top:0pt; margin-bottom:4.6pt; padding-left:36pt; line-height:13pt; font-family:Symbol"><FONT FACE="Arial">SHARES ISSUED: Common &nbsp;&nbsp;591,726</FONT></P>
<P style="margin-top:4.15pt; margin-bottom:-12pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol">&#183;</P>
<P style="margin-top:0pt; margin-bottom:4.6pt; padding-left:36pt; text-indent:72pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;: Voting Preferred &nbsp;1,417,118</P>
<P style="margin-top:4.15pt; margin-bottom:-12pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol">&#183;</P>
<P style="margin-top:0pt; margin-bottom:4.6pt; padding-left:36pt; line-height:13pt; font-family:Symbol"><FONT FACE="Arial">For further details, please refer to WSHE website </FONT></P>
<P style="margin-top:4.15pt; margin-bottom:-12pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol">&#183;</P>
<P style="margin-top:0pt; margin-bottom:4.6pt; padding-left:36pt; line-height:13pt; font-family:Symbol"><FONT FACE="Arial">WSHE Symbol OTCBB</FONT></P>
<P style="margin-top:4.15pt; margin-bottom:-12pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol"><B>&#183;</B></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:36pt; line-height:13pt; font-family:Symbol"><B></B><FONT FACE="Arial"><B>Transfer Agent:</B> Holladay Stock Transfer Inc.</FONT></P>
<P style="margin-top:0pt; margin-bottom:4.6pt; padding-left:36pt; text-indent:324pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:4.15pt; margin-bottom:-12pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol">&#183;</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:36pt; line-height:13pt; font-family:Symbol"><FONT FACE="Arial">2939 North 67th Place</FONT></P>
<P style="margin-top:0pt; margin-bottom:4.6pt; padding-left:36pt; text-indent:288pt; line-height:13pt; font-family:Times New Roman; font-size:12pt"><FONT FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>
<P style="margin-top:4.15pt; margin-bottom:-12pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol">&#183;</P>
<P style="margin-top:0pt; margin-bottom:4.6pt; padding-left:36pt; line-height:13pt; font-family:Symbol"><FONT FACE="Arial">Scottsdale, Arizona 85251 </FONT></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">DISCLAIMER </P>
<P style="margin:0pt; font-family:Arial; font-size:11pt">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 WSHE does not undertake an obligation to update forward-looking statements should conditions or management's estimates or opinions change.<FONT FACE="Arial Unicode MS"> </FONT></P>
<P style="margin:0pt; font-family:Arial Unicode MS">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;#12 - 3620 - 29<SUP>th</SUP> Street NE</P>
<P style="margin:0pt; font-family:Arial Unicode MS">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calgary, Alberta, Canada &nbsp;&nbsp;&nbsp;&nbsp;T1Y 5Z8</P>
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Converted by EDGARwiz
Press Release
SOURCE: Westsphere Asset Corporation, Inc.
Friday August 14, 2009
PRESS RELEASE
Source: Westsphere Asset Corporation, Inc. ("Westsphere")
Calgary, Alberta
Westsphere Asset Corporation, Inc
advises that the 8K of June 30, 2009 and July 27, 2009 was misfiled under Item 2.01(Completion of acquisition or disposition of assets) and should have been filed under item 8.01 (Other events).  The proposed transaction described has not been consummated.
Further information related to matters dealt with at the shareholder meeting will be posted on the Corporations website. westsphereasset.com
·
CAPITALIZATION: 75,000,000 COMMON SHARES WITH NO PAR VALUE
·
SHARES ISSUED: Common   591,726
·
: Voting Preferred  1,417,118
·
For further details, please refer to WSHE website
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WSHE Symbol OTCBB
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Transfer Agent:
Holladay Stock Transfer Inc.
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2939 North 67th Place
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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 WSHE does not undertake an obligation to update forward-looking statements should conditions or management's estimates or opinions change.
#12 - 3620 - 29
th
Street NE
Calgary, Alberta, Canada     T1Y 5Z8