Newron Sport (NSPT) Finalizes Agreement to Distribute Patented Technology in Australia

Newron Sport (PINKSHEETS: NSPT) is pleased to announce that it has completed and finalized the distribution agreement with the JP Scutts Group of Sydney, Australia.

The agreement with JP Scutts will focus on the exclusive distribution of the revolutionary patented tandem inline skates, which will include the Trainon and Touron. JP Scutts specializes in the distribution of a wide variety of branded merchandise, which includes sporting goods and sporting apparel. The current agreement will provide JP Scutts the exclusive distribution of the Trainon and Touron, all Newron Sport flagship products, as well as represent all future innovative sports technologies of Newron Sport.

The agreement between Newron Sport and JP Scutts will span over 5 years and be worth upwards of three million US dollars.

The Australian sporting goods market is estimated at US$582 million, with imports representing 48 percent of the market. Australia offers an enviable market for sporting goods, as Australia's temperate climate enables outdoor sports participation all year. Newron is confident in its abilities to attract sporting enthusiasts in Australia, who range widely in both age and level of disposable income, in which the level of participation is more prevalent in the 20-44 year age group.

"We are very excited that we have completed the agreement with the JP Scutts Group," stated Mr. Robert Ritondo, President of Newron Sport. "We are very conscious of the Australian market and how passionate they become about their sports. We are hoping to capture an audience for our patented tandem inline skates, that we believe will thoroughly enjoy the use of our inline skates for pleasure, physical endurance and sports performance," continued Mr. Ritondo.

About Newron Sport

Newron's patented tandem device is a unique product that focuses on both recreational use and enhancing sports performance by allowing the enjoyment of inline skating on hard and rough surfaces without the vibrations and loss of balance because of surface imperfections as the Newron skate system absorbs these imperfections and provides the inline skate user the feel of a smooth glide, stride and maneuverability of an ice skate, all while offering the user a safer and more efficient braking system than the conventional inline skates.

The Newron inline skates are intended both to help prevent injury and to improve athletic performance via its confidence-enhancing attributes among inline skate sports participants. The Newron inline skate seeks to foster the enjoyment of sports by people of all ages.

Safe Harbor

Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.