Angstrom Technologies Corp. Goes Green Computing

Angstrom Announces the Signing of Its Definitive Agreement for a
Merger That Will Allow the Company Entry into the Billion-Dollar
Server Market with Proprietary "Green Computing" Solutions.
SCARBOROUGH, Ontario--(Business Wire)--
Angstrom Technologies Corp. (the "Company") (OTCBB:ANGS) announces
today the execution of the definitive agreement pursuant to which the
Company's wholly owned subsidiary, Angstrom Acquisition Corp., will
merge with Angstrom Microsystems Inc. ("AMI"), a Green computing
solutions company, in accordance with the terms and conditions set out
in the Agreement and Plan of Merger dated March 27, 2008 entered into
by the parties. On completion of the merger, Angstrom Technologies
Corp. intends to change its name to Angstrom Microsystems Corp. to
properly reflect its new business direction.

Angstrom Microsystems Inc. specializes in Green computing
solutions, providing blade servers and workstations uniquely designed
for the energy-hungry datacenter sector. Angstrom provides
software-based acceleration to significantly reduce the number of
machines required to perform a given task. Angstrom combines this
technology with novel cooling techniques to further reduce energy
consumption in the datacenter. Fewer machines for the same performance
coupled with less cooling power required per machine results in a more
energy-efficient datacenter.

Closing of the merger is subject to a number of terms and
conditions including: (i) AMI obtaining the requisite shareholder
approval; (ii) AMI delivering all financial statements required to
consummate the merger; (iii) the Company having appointed nominees of
AMI and the Company's President to the board of directors; (iv) the
parties entering into certain employment agreements with management of
AMI; (v) the principals of AMI licensing certain patents of AMI to the
Company; and (vi) the Company adopting a Stock Incentive Option Plan
for employees and consultants.

Alpha Pang, CEO of Angstrom Technologies Corp., states "I am
excited in the new direction our Company is expected to take with this
merger. With the completion of the Merger we expect to be able to move
the Company forward in a positive direction to help create shareholder
value. The server market alone is a several-billion-dollar industry;
the fact that Angstrom Microsystems Inc., addresses a bourgeoning
problem within this industry offers even more value and opportunity to
our company. I am therefore happy and prepare to pass the reins on to
Angstrom Microsystems Inc.'s founder Mr. Lalit Jain, as the new CEO of
Angstrom Technologies Corp. to lead Angstrom into a new future once
the merger is completed. Mr. Jain is an alumnus of MIT and brings with
him numerous years of experience in this sector, as well as over $50
million in revenues since Angstrom Microsystems Inc.'s inception."

"I am excited by this opportunity to lead this company and hope to
enhance shareholder value by adding Angstrom's powerful energy-saving
solutions. With energy prices soaring to record levels and energy
consumption surging throughout the world, Angstrom reduces energy
usage in the datacenter to do more with less," said Lalit Jain, CEO of
Angstrom Microsystems Inc. "Going green used to mean spending more of
your hard earned 'green.' However, using Angstrom solutions is an
environmentally-conscious way to save your 'green' from day one!"

About Angstrom Microsystems Inc. (www.angstrom.com)

Angstrom is one of the top Green computing companies, providing
technology solutions ranging from liquid-cooled blades to acceleration
software in order to help reduce the power requirements of
datacenters. Its customers include Rhythm & Hues, Fox Films, Tippett
Studios and the National Institutes of Health. Angstrom has earned a
reputation for quality, service, and engineering innovation in the AMD
Opteron market. Angstrom has the world's only quad-capable GPU blades
running Nvidia(TM) cards. See Angstrom Microsystems in the end credits
of Blue Sky Studios "Ice Age: The Meltdown."

Legal Notice Regarding Forward-Looking Statements

Forward-Looking Statements in this news release that are not
historical facts are forward-looking statements that are subject to
risks and uncertainties. Forward-looking statements are based on
current facts and analyses and other information that are based on
forecasts of future results, estimates of amounts not yet determined
and assumptions of management. Forward-looking statements are
generally, but not always, identified by the words "expects," "plans,"
"anticipates," "believes," "intends," "estimates," "projects," "aims,"
"potential," "goal," "objective," "prospective," and similar
expressions or that events or conditions "will," "would," "may,"
"can," "could" or "should" occur. Forward-looking statements in this
news release include that on completion of the merger, Angstrom
Technologies Corp. intends to change its name to Angstrom Microsystems
Corp. to properly reflect its new business direction; that with the
completion of the merger the Company expects to be able to move
forward in a positive direction to help create shareholder value; that
the server market alone is a several-billion-dollar industry; and that
Angstrom Microsystems Inc., addresses a bourgeoning problem within
this industry offers even more value and opportunity to the Company.

Actual results may differ materially from those currently
anticipated due to a number of factors beyond the reasonable control
of the Company. It is important to note that actual outcomes and the
Company's actual results could differ materially from those in such
forward-looking statements. Factors that could cause actual results
include the Company's ability to raise financing for operations,
breach by parties with whom we have contracted, inability to maintain
qualified employees or consultants because of compensation or other
issues, competition for equipment, and unanticipated problems with our
technology. Additional information on risks for the Company can be
found in our periodic filings filed with the US Securities and
Exchange Commission at www.sec.gov.

Angstrom Technologies Corp.
Alpha Pang, CEO, +1-416-727-8889

Copyright Business Wire 2008