DevStudios Manufacturing Inc. announces the first sale of its flagship software product, DevStudios Shiva ¡V Advanced Manufacturing Management System to CLA-VAL, a division of Griswold Industries of Costa Mesa, California.

The DevStudios Shiva ¡V Advanced Manufacturing Management System, designed to simplify manufacturing management, will be implemented by CLA-VAL, the leading international control valve manufacturer in the United States. CLA-VAL's Manufacturing Manager Art Ohannesian cites the agreement as playing a key role in the company's future productivity and profitability, recognizing DevStudios Manufacturing leader Dilip Kembhavi as an integral component to the innovative nature of the new DevStudios Shiva ¡V Advanced Manufacturing Management System.

DevStudios' Dilip Kembhavi brings more than 20 years of experience in the development, management and sales of advanced manufacturing systems "Our relationship with Dilip Kembhavi is a long-standing one," Ohannesian says. "When he presented what he and DevStudios Manufacturing had developed, our decision to implement the new system was quick and unanimous. We knew that the combination of Dilip Kembhavi's extensive knowledge of manufacturing management and our business processes in particular, will give us a system that is now not available in the marketplace."

"Our system breaks many traditional norms and elevates the production/manufacturing part of an enterprise to the level it deserves." Kembhavi credits the progressive management style and executive participation of CLA-VAL in the successful implementation of the project. DevStudios International Inc. President Bob Vergidis said "this initial sale represents a milestone for DevStudios Manufacturing. This product has been tested and has performed well under strenuous situations. The DevStudios Shiva ¡V Advanced Manufacturing Management System is designed to allow small to medium sized manufacturing companies access to sophisticated decision-support tools that will enable them to improve on their core competence ¡V manufacturing."

About DevStudios Shiva ¡V Advanced Manufacturing Management System. The DevStudios ¡V Shiva Advanced Manufacturing Management System provides modules that cover all the needs of a manufacturing environment including demand management (ShivaDM), advanced planning and scheduling (ShivaAPS), shop floor data collection (ShivaTrak), financial management (ShivaFM) and business intelligence (ShivaBI), all within a web-based solution. The system has been designed to be implemented as a complete solution or as selected modules, which are completely integrated with all areas of a company's legacy systems. DevStudios Shiva ¡V Advanced Manufacturing Management System enables management to access and monitor all levels of corporate activities at any time and from anywhere in real time.

"So far, the record for the most orders that Vocelli Pizza's call centre has taken in one hour is 1,459," says Bob Vergidis, the president and CEO of DevStudios, an Edmonton, Alberta, software developer. "The most they've handled in one day is 7,400, and the weekly record is 30,228. Last year, they handled well over a million calls. This year, they've already broken that record, and I'm happy to announce that Vocelli Pizza recently agreed to continue using DevStudios TUXX call centre and point-of-sale-based Business Operating System."

DevStudios TUXX is a new DevStudios International Inc. subsidiary, created last August, after DevStudios absorbed most of an Edmonton firm's customers and employees and its UNIX-based call centre and point-of-sale ("POS") business intelligence software, which was serving about 20 pizza chains with around 500 stores. Although the DevStudios TUXX technology was built for the pizza industry, it can serve any type of multi-store quick-service restaurant business.

Creating DevStudios TUXX not only added call centre technology to DevStudios' product line, its mature, well-proven UNIX-based POS system is a complement to the Windows-based DevStudios Leapfrog POS Business Operating System. As a result, DevStudios became one of the few POS companies that can offer both Windows- and UNIX-based products and the exciting combinations that are now possible.

DevStudios is currently getting to know the DevStudios TUXX customers it acquired in August by negotiating agreements to continue to provide software and support and service and also upgrade their systems. Pittsburgh-based Vocelli Pizza, one of the latest signings, is chain of well over 100 franchises and corporate-owned stores, in Pennsylvania and seven other states.

Most of Vocelli Pizza stores have the same phone number and are served by the new call centre, which is housed in the building that the company recently bought for that purpose, on South Bee Street, in Pittsburgh. It has 120 operator's stations and a separate training area. There is also room for more stations, and considering Vocelli Pizza's aggressive marketing and growth strategy, they will be needed sooner than later. In August, the 100th franchise was welcomed to the chain. More recently, four new stores opened in November and another five are expected to open this month.

"We've just upgraded Vocelli's to DevStudios TUXX version 7.5," says Doug Hamm, DevStudios TUXX's general manager. "We're now building their DevStudios Leapfrog WebLink portal, and customers will have the option of ordering their pizzas on line in February."

DevStudios International Inc. (TSX V: DVE) ("DevStudios"), is pleased to announce the launch of beta 2 of DevStudios Leapfrog^® Version 3.0, the next generation of its Business Operating System software.

"We are pleased to release the second beta of DevStudios Leapfrog^®" said Bob Vergidis, President and CEO of DevStudios. "It represents a new era of software for small and medium sized businesses, with a wide range of advanced features, and the functionality needed to be a very strong competitor in a much larger market space", added Vergidis.

DevStudios Leapfrog^® Version 3.0 not only comes with a list of enhancements, it also moves the capabilities of the application to the next level by adding support for larger, multi-location, multi-owner, and franchise organizations. Beta 2 has been installed at select locations, and it is undergoing configuration and testing, it is expected to be in full release in the next six months.

Version 3.0 remains completely Internet-enabled, and is built on Microsoft's .NET 2.0 and SQL 2005 platforms. It can be deployed in many configurations to match the needs and technical setup of the client, either in-premise or hosted, local or remote. It has a near-zero footprint on the user's desktop, and it can be accessed securely from anywhere in the world through Internet access.

In its present configuration Version 3.0 will be targeted to Point-of-Sale organizations, including food and beverage operations, Quick Service Restaurants (QSR), retail outlets, and other business that sells products or services. Its competitive advantage is real time integration between Customer Relationship Management, accounting and back office operation, front office operation, inventory, and point-of-sale functions. DevStudios Leapfrog^® Version 3.0 is targeted to businesses with one single location or in multi-location environments.

Last August, DevStudios, the rapidly growing Edmonton, Alberta, software developer, created a new subsidiary by absorbing the software and the key programmers, the design and development teams, the technical support department and nearly all the customers of a rival Edmonton firm, which had been providing a Unix-based one-number call centre and point-of-sale business intelligence system to about 20 pizza chains with some 500 stores. Over the last 20 years, this technology has processed more than 100 million individual pizza orders (or, to be exact, 103,288,561, as this sentence was being written).

The new subsidiary is called DevStudios TUXX. It is named after Tux, the cartoon penguin mascot of UNIX's fiercely loyal users.

DevStudios is now getting to know its new customers by negotiating agreements to continue to provide software and support and service to the chains and also upgrade their systems with its own TUXX version 8.0 Leapfrog business system. Among the latest to sign is Domino's Iceland, which has 13 stores and a 60-seat call centre in Reykjavik, a city of 180,000 people. The stores include two that are regularly ranked among the five busiest Domino's outlets in the world. As well as upgrading to TUXX 8.0, which will, along with many other features, give them integrated credit card authorization at the call centre and stores, Domino's Iceland will also be acquiring the Leapfrog WebLink module and start offering online ordering.

"The addition of a call-centre system to our product line has resulted in a significant increase in our client base with potential for further growth," says Bob Vergidis, DevStudios' President and CEO. "Although the system was developed for the pizza business, it can be easily adapted for use by any quick-service restaurant chain. So, as we'll soon be showing the industry, it is now possible for a deli chain, say, which never dreamed of being able to offer home delivery, to do just that and dramatically grow its business at a remarkably low cost. Not many POS firms can offer both Windows-and Unix-based systems, to say nothing of the exciting combinations that are now possible."

Domino's Iceland is owned by Pizza Pizza EHF, which also owns Domino's Denmark, another TUXX client. "They completely dominate the Reykjavik market," says Doug Hamm, TUXX's general manager, who has worked with this technology since its inception, more than 20 years ago. "There seems to be a little Domino's delivery car on every corner, and they do a neat thing for customers who phone in and say they want to pick up their pizza at a store. It takes six minutes to bake a pizza, and when it enters the oven, a message is automatically sent to the customer's cell phone, saying it'll be on the counter in seven minutes."

Some four years ago, retained as a consultant, DevStudios wrote the Internet ordering and back-of-house SQL data warehouse software for a predecessor of TUXX 8.0. "In the short time since then," Doug Hamm says, "Dev's Leapfrog system has evolved light years ahead of where we were then." Moreover, it is now possible for Unix- and Windows-based systems to communicate. "So, to enable Leapfrog's Windows-based WebLink to talk to Domino's Iceland's TUXX system, we built an XML interface between the call centre, store-side point of sale and the website."

DevStudios International Inc. is pleased to announce that its wholly owned subsidiary, DevStudios TUXX Inc. has taken the role of expanded call center software support for the Cassano's Inc. organization of Quick Service Restaurants ("QSR's"). Over 34 Cassano's restaurants serve the city of Dayton and the entire southwest area of the state of Ohio.

DevStudios TUXXR is a Unix-based software application built exclusively for multi-store Quick Service Restaurants. The software is fully integrated with an in-store point of sale system, and it offers additional add-on features including drop down menus, a comprehensive delivery module, scheduling, Weblink internet ordering and web based dataStor SQL back of house reporting.

Mr. Bob Vergidis, the President of DevStudios, states; "The call center is the lifeblood of a quick service restaurant facility and its operation must be totally reliable and effi cient. DevStudios TUXXR call center software is built to run on the mission critical UNIX operating system. We are pleased and delighted to be allowed to offer our software and support to Cassano's Pizza Inc."

About Cassano's Inc.
The Company commenced operations in Dayton, Ohio in 1953 and has been an active member of the Dayton community since that time. Cassano's is a proud family managed business committed to quality and growth. Mr. Chris Cassano, Vice-President states "what I like about this software solution is that I can see everything in real time and can react immediately to service issues before they develop into problems".

DevStudios International Inc. (TSX V: DVE) ("DevStudios"), is pleased to announce that Club de Golf Outaouais in Rockland, Ontario has selected DevStudios LeapFrogR Business Operating System software for their golf operation.

Bob Vergidis, President and C.E.O. of DevStudios remarked "Club de Golf Outaouais is the first bilingual golf course to install DevStudios LeapFrogR. We are pleased to be able to meet their unique language needs by allowing operation in both English and French."

Marc Gelinas, Club de Golf Outaouais General Manager stated "The presence of DevStudios at the NGCOA Conference in Montreal in 2005 was the turning point. My mind was already made up to purchase another product from Quebec but the demonstration I saw during the Conference in Montreal and the commitment that the program would be delivered in a bilingual format was all I needed to recommend Leapfrog to my Board of Directors."

About Club de Golf Outaouais
Founded in 1959, the Club has a fully bilingual membership with 515 members in 2006. The Club de Golf Outaouais with its 27 holes is one of the premier courses in the Ottawa Valley.

DevStudios International Inc. (TSX V: DVE) ("DevStudios"), is pleased to announce that GMG Golf Management Group International Inc. of Bussum, Netherlands has selected DevStudios LeapFrogR Business Operating System software application for their golf operations in the Netherlands and expanding throughout Europe.

Golf is currently the fourth most popular sport in the Netherlands and the fastest growing. This growth is supported by fundamental trends like: changing social status, increased participation of young and elderly people and increased participation of women. Golf Management Group ("GMG") was incorporated in 2003 with the purpose to develop, acquire and operate golf courses with a focus on the strong growing group of "pay & play" golfers. Together with strategic partners like ANWB, Grontmij, Fortis, and RP holidays (holiday resorts & parks) a number of GMG projects will be developed. In 2007 GMG will have six golf courses under operation including the acquisition of golf course Spaarnwoude, the biggest single golf operation in Europe (66 holes, 350.000 visitors per year). Further expansion of GMG is foreseen through an active buy & build strategy.

Bob Vergidis, President and C.E.O. of DevStudios remarked "GMG Golf Management Group International Inc. was looking for a complete and integrated application capable of handling the diverse and complex environment of a management company. GMG needed a package to manage multiple properties throughout Europe and assist in facilitating quick responses to member inquiries, reduce staff workloads, and provide complete and real-time reporting back to their board; we were able to do this for them."

DevStudios International Inc. (TSX V: DVE) ("DevStudios"), announces the launch of its manufacturing software division, DevStudios Manufacturing Inc. The software product that will be developed and launched by DevStudios Manufacturing Inc. is ShivaR Advanced Manufacturing Management System.

The ShivaR Advanced Manufacturing Management System offers manufacturing enterprises a complete manufacturing management solution which includes modules that cover the spectrum from demand management (ShivaDMR) to advanced planning and scheduling (ShivaAPSR) to shop floor data collection (ShivaTrakR) to financial management (ShivaFMR) and business intelligence (ShivaBIR) in a web-based solution. It is designed to be implemented as ShivaR the complete solution or as selected modules that are completely integrated with all areas of a company's legacy systems. ShivaR enables management to access and monitor all levels of corporate activities at any time and from any place in real time.

Mr. Dilip Kembhavi will lead the Manufacturing software subsidiary. Dilip brings more than 20 years of experience in manufacturing management and in the development, sales and implementation of advanced manufacturing management systems to this new company.

Mr. Bob Vergidis, the President of DevStudios International Inc., states "DevStudios Manufacturing Inc. was formed to capitalize on Dilip's experience in the manufacturing sector and our experience in developing web-based solutions. The ShivaR Advanced Manufacturing Management System is designed to allow small to medium sized manufacturing companies access to sophisticated decision-support tools that will enable them to improve on their core competence ¡V manufacturing. Our involvement with DevStudios Manufacturing Inc. continues to reflect our commitment to create and offer integrated software solutions for specific niche markets."

About Mr. Dilip Kembavi
Mr. Kembhavi was the founder, President and CEO of TigrSoft Inc. The company which he founded in 1992 developed and marketed a state-of-the-art advanced planning and scheduling system that was successfully implemented in more than 70 major corporations. TigrSoft Inc. was a public company listed on the Toronto Stock Exchange. Following its merger with Matrikon Inc. in April, 2001, Mr. Kembhavi served as the Chairman of Matrikon's Board of Directors for the first year and then as a member of its Board until January 2003. In 1998, Mr. Kembhavi was recognized by Ernst & Young as Entrepreneur Of The YearR in the Technology Sector for the prairie region. This award celebrates entrepreneurs who are building and leading successful, growing and dynamic businesses.

DevStudios International Inc. (TSXV: DVE) (the "Corporation"), is pleased to announce that it has closed the private placement of common shares with attached share purchase warrants announced on the 22 of August, 2006 (the "Private Placement"). Pursuant to the Private Placement, the Corporation will issue 1,020,850 common shares at a price of $0.48 per common share for a total of $490,008.

Associated with the private placement of common shares, the Corporation is issuing 510,425 share purchase warrants which entitle the holder to purchase one common share at the price of $0.58 in the first year after issue and $0.80 in the second year after issue. This private placement is non-brokered and the proceeds will be used to further facilitate the growth of DevStudios' software products including DevStudios LeapfrogR and DevStudios TUXXR. .

DevStudios International Inc. (TSXV: DVE) (the "Corporation"), is pleased to announce that it has closed a private placement of debentures. The terms of the debenture, which was purchased by an insider of the Corporation are, principal of $60,000 and interest of 12% per annum. The debenture and interest are convertible into common shares of the Corporation at the rate of $0.57 per common share in the first year after issue and $0.72 in the second year after issue. Associated with the debenture, the Corporation issued 60,000 share purchase warrants which entitle the holder to purchase one common share per share purchase warrant at the price of $0.57 in the first year after issue and $0.72 in the second year after issue. This private placement is non-brokered and the proceeds will be used for expansion of the DevStudios Education Centre of Excellence into Mexico.

DevStudios International Inc. ("DevStudios") (TSXV: DVE) is pleased to announce its wholly-owned Mexican subsidiary, DevStudios de Mexico, S.A. de C.V. commenced teaching 3D Animation and Digital Compositing in Leon, Guanajuato, Mexico on the 26th of September, 2006. Attendance is strong and committed to learning. Following DevStudios' "Real World Education" Canadian model, this intensive five and six month program is being taught in English and Spanish and will provide students with the skills necessary to enter into careers immediately upon graduation.

At the grand opening of the school, which was held last evening in Leon, government representatives from the Departments of Education and Science and Innovation for the State of Guanajuato congratulated DevStudios for recognizing the unique qualities of the local and national population. The government representatives expressed strong interest in participating and supporting the school. 3D Animation is the first program to be offered, to be followed soon by Design and Motion Graphics for the World Wide Web, and by MCSD .net Software Development to begin later in October, 2006. These courses will be quickly followed by a series of courses in Digital Audio Production and 3D Game Modeling.

Leon is the largest and most central city in the Bajio Industrial corridor, currently undergoing development of an inland port megaproject which will handle 30% of the international and national cargo in Mexico. The state of Guanajuato boasts more than 200 transnational and national companies, including 30 Fortune 500 companies (Colgate, Danone, Del Monte, General Motors, General Electric, and Whirlpool, among others); and employment is projected to continue increasing at a rate of 50,000 jobs per year.

DevStudios International today announced it has entered into a Sales Teaming Agreement with TELUS. TELUS will offer its small retail business customers the DevStudios LeapFrogR Business Operating System software, an all-in-one tool bringing point of sale, inventory management and customer relationship management in to one simple package.

"We are excited to add the DevStudios LeapFrogR Business Operating System to the portfolio of tools we bring to our smaller retail customers," said Monty Carter, TELUS' Alberta Managing Director of Sales. "Small retail is a critical engine in our economy and important to the success of TELUS. DevStudios allows us to bring an integrated solution to our customers that enhances and simplifies their business operations."

"We are excited to work with TELUS," said Bob Vergidis, president and CEO of DevStudios. "Their team is the perfect channel partner for our Internet enabled products such as our DevStudios Leapfrog Business Operating System." .

DevStudios International Inc. (TSXV: DVE) (the "Corporation"), is pleased to announce that its wholly-owned subsidiary, DevStudios TUXX Inc. has been granted the call center and store support services agreement for Midland Food Service. Midland Food Service uses DevStudios TUXXR Unix-based Call - Centre Software application to operate an inbound call centre. Their call centre supports 38 Pizza Hut stores in the greater Cleveland and Toledo, Ohio markets, enabling customers in this diverse area to order quick service meals from one single telephone number in the Cleveland market.

Bob Vergidis, President and C.E.O. of DevStudios remarked, "We are delighted to be supporting the Midland Food Group in their use of DevStudios TUXX Call-Centre Software application. Our DevStudios TUXX division brings 20 years of Unix-based point of sale and call centre experience to the fast food customer base. We look forward to expanding our customer base and our footprint further in Canada and the United States."

DevStudios International Inc. (TSXV: DVE) ("DevStudios"), is pleased to announce that it has launched DevStudios TUXXR a Unix-based enterprise solution for quick service and fast food restaurants. The DevStudios TUXXR suite of products include Call Center, Point of Sale, On-line Ordering, and data warehousing components. The target markets for the DevStudios TUXXR product line are medium and large scale multiple-unit and franchise organizations that rely on a centralized call center to distribute orders to offsite stores.

Bob Vergidis, President and CEO of DevStudios remarked, "Geared primarily to UNIX Operating System users, the DevStudios TUXXRbrand will be developed and grown independently, yet in parallel with the Windows-based DevStudios LeapfrogR product line. With the release of the DevStudios TUXXR product, and our existing work on the Windows-based DevStudios LeapFrogR product, we have widened our industry footprint giving us an excellent opportunity to become the leader in the call center, delivery and point of sale software industry."

DevStudios International Inc. ("DevStudios") (TSXV: DVE) is pleased to announce the launch of its wholly-owned Mexican subsidiary, DevStudios de Mexico, S.A. de C.V. The subsidiary, based in Leon-Guanajuato, marks the advancement of a feasibility project by DevStudios and Edmonton-based BIDMEXICO International Inc. with focus on the expanding DevStudios' educational activities throughout Mexico and Latin America.

Leon is the largest and most central city in the Bajio Industrial corridor, currently undergoing development of an inland port megaproject which will handle 30% of the international and national cargo in Mexico. The state of Guanajuato boasts more than 200 transnational and national companies, including 30 Fortune 500 companies (Colgate, Danone, Del Monte, General Motors, General Electric, and Whirlpool, among others); and employment is projected to continue increasing at a rate of 50,000 jobs per year.

Following DevStudios' "Real World Education" Canadian model, intensive five to six month programs will be taught in English and will provide students with the skills necessary to enter into careers immediately upon graduation. Education programs to be offered initially will include 3D Animation, Design & Motion Graphics, and Digital Audio Production.

"During our exploration in Mexico, we've had great interest expressed in our programs from Mexican youth, government, and industry," said Bob Vergidis, President and CEO of DevStudios. "In addition to growing industry demand for technological advance, the TV, radio and recording industry provides a ripe market for our graduates in this country of more than 120 million people. Leon can serve as our Spanish-language base and portal to Latin America.

DevStudios International Inc. (TSXV:DVE), is pleased to announce that it is in the process of exploring international expansion opportunities for its full time post-secondary education programs.

DevStudios' "real world education" division, which offers four provincially recognized post-secondary programs in 3D Animation, Digital Audio, Interactive Design, and Software Development, is in serious discussions that could lead to the opening of the first DevStudios-concept school outside of Canada. This explorative growth initiative which has been in progress for a number of months has uncovered serious potential for the expansion of DevStudios' brand of education in a number of countries outside of Canada.

"We are pleased to see interest in the expansion our education division into other countries and other cultures." said Bob Vergidis, President and CEO of DevStudios. While DevStudios remains strongly focused on its LeapfrogRBusiness Operating System product line, our education business has been gaining strength. I believe it is now poised to assist in the globalization of our brand. The whole world is reaching to cross the digital divide, and our unique, hands-on approach to high-tech education is a true global enabler.

DevStudios International Inc. (TSXV:DVE), is pleased to announce that it has attained Gold Certified status in the Microsoft Partner Program with a competency in Business Process and Integration Solutions, recognizing DevStudios' expertise and total impact in the technology marketplace.

As a Gold Certified partner, DevStudios has demonstrated expertise with Microsoft technologies and proven ability to meet customers' needs. Microsoft Gold Certified Partners receive a rich set of benefits, including access, training and support, giving them a competitive advantage in the marketplace.

"We are pleased to have earned Microsoft's premier partner recognition for the fourth year in a row. We have a long track record building software products that run on top of Microsoft's platform. Closely aligning with Microsoft's direction is a key component to our growth" said Bob Vergidis, President and CEO of DevStudios.

"Partners play a critical role in delivering solutions to our customers that complement their applications and services," said Ted Kummert, corporate vice president of the Business Process and Integration Division at Microsoft. "The value of Solutions Competencies is that they allow Microsoft to deliver resources and training to partners, enabling them to better meet the needs of their customers.

DevStudios International Inc. (TSXV:DVE), is pleased to announce the launch of its wholly-owned American subsidiary, DevStudios America Inc. The Cincinnati, Ohio based corporation marks DevStudios' entrance into the U.S. marketplace.

"We are very excited to establish our presence in the United States" said Bob Vergidis, President and CEO of DevStudios. "Our new U.S. corporation will usher an era of expansion for DevStudios into one of the world's largest markets. What makes our expansion even more special is being able to work closer with existing customers and partners in the U.S.

Cincinnati, Ohio, USA offers a robust business climate, and it is home to a number of Fortune 500 corporations including Procter & Gamble, Federated Department Stores, Kroger Company, Fifth Third BankCorp."

DevStudios International Inc. (TSXV:DVE), is pleased to announce that its stock has been included in the June 2006 issue of the PROFIT 100 Portfolio. Ranked 14th on the list, based on its 34.1% Yearly return on investment, and ranked 6th based on its 43.9% short term (3 month) return. In the same publication, DevStudios has been ranked as one of Canada's 200 Fastest growing companies. "We are pleased to have earned a spot on the PROFIT magazine list for the second year in a row, and for our stock to be included in the PROFIT 100 Portfolio. Awards like this demonstrate the historical value that we have brought to our shareholders, and further illustrate the success of our business model. We are very excited about the future and look forward to the continual roll out of our business plan."

DevStudios International Inc. (TSXV:DVE), is pleased to announce that DevStudios LeapfrogRGolf Course Management System is currently being used by 16 golf courses in Canada and the United States. Installations have been ongoing since early this year.

Bob Vergidis, President and CEO of DevStudios, said, "We are pleased to see more golf course owners appreciate the value of Leapfrog, as many of our installations this year have been conversions from other systems. DevStudios LeapfrogRfully integrates accounting, real-time inventory, food and beverage facilities and internet tee-time bookings and provides complete Customer Relationship Management.

DevStudios International Inc. (TSX V: DVE) ("DevStudios" or the "Corporation", announces that Mr. Bob Vergidis, President and CEO of DevStudios will be leading a session on Customer Relationship Management and System Integration during the National Restaurant Association's CFO Round table in Colorado Springs on April 27 2006.

In his session titled "CRM and Point of Sale, Reaching the Next Level of Growth" Mr. Vergidis will present attendees with an in-depth understanding of how technology can assist the industry in collecting market intelligence, and how to use that information to grow sales and profitability. He will also cover the details of how to design, deploy and measure the return on investment from such technology investments. This topic will be of interest to finance professionals in the restaurant industry as it will demonstrate the advantages both in profit and efficiency that an integrated Customer Relationship Manager/Point of Sale system can deliver.

DevStudios International Inc. (TSX V: DVE) ("DevStudios" or the "Corporation", announces that Larry Shaben was elected to the Corporation Board of Directors at its Annual General Meeting held on March 16, 2003.

Mr. Shaben brings years of business experience in private and public companies and the government arena. He held various portfolios in the Provincial Government of Alberta, including Minister of Economic Development and Trade (1986-1989), Minister of Housing (1982-1986). Minister of Utilities and Telephones (1979-1982) and sat on and chaired a number of committees. As a volunteer, Mr. Shaben has served a number of charities and organizations in Edmonton and northern Alberta, as director or president. For the past five years, Mr. Shaben has served as President-Shaben Enterprises Inc., President - Lawrence Developments Ltd., Chairman - Western New Ventures Capital Corp., Chairman-PanContinental Energy Corporation, Director-Composite Technologies Inc., Director - Canadian Utilities Limited (until May, 2005), Director - Gravitas International (until November, 2005).

Bob Vergidis, President and C.E.O. of DevStudios commented "We are excited to welcome Larry to our Board of Directors. As we enter the next stage of our growth, we will count on Larry to share his expertise in helping our company grow and expand in international markets. Larry shares our enthusiasm for the future.

DevStudios International Inc. (TSX V: DVE) ("DevStudios" or the "Corporation"), announces the appointment of Mr. Darcy Hobbs as Vice President of Sales and Marketing.

Mr. Hobbs joins DevStudios after numerous years of being a Strategic Solutions Manager at a large national telecommunications company. He brings 15 years of technical sales and marketing experience to his position.

"It is now time to take a professional approach to the sales and marketing of our products and services. Mr. Hobbs brings to DevStudios a proven track record in technical sales and will play a key role in building our sales team and growing our sales internationally", said Bob Vergidis, President and C.E.O. of DevStudios.

DevStudios International Inc. (TSX V: DVE) ("DevStudios" or the "Corporation", announces that it has commenced the process of opening its first U.S. office in Cincinnati, Ohio, U.S.A. DevStudios has determined that it is now an optimal time to establish an American presence in conjunction with the recent contract awarded by LaRosa's Pizza for the DevStudios Leapfrog Restaurant Management Solution.

"The time has come for our company to enter into one of the largest markets in the world. Our new U.S. location will facilitate the communication with our new partners and customers and will foster an era of rapid growth for DevStudios and our products and services." reported Bob Vergidis, President and C.E.O. "We are looking forward to the opportunities that will come from this expansion, and we are excited about striking out in a new direction to forge alliances with customers and partners like LaRosa's. DevStudios is ready now to bring its products and services to the world!" .

DevStudios International Inc. (TSX V: DVE) ("DevStudios"), announces that it has closed its private offering of common shares, for a total of $1,200,000. The Corporation will issue 3,000,000 shares at a price of $0.40 per common share. In conjunction with the issue of the common shares, the Corporation will issue 3,000,000 warrants, which upon exercise entitle the holder to acquire one common share of the Corporation, having an exercise price of $0.50 per common share during the first year and $0.75 during the second year after issue and an expiry date of 2 years from the date of issue of the warrants. All shares issued pursuant to this private placement is subject to a four month hold. There will be no finder's fees paid respecting this offering. Proceeds will be used for expanded marketing, support staff and product development and to open a DevStudios office in the United States. This financing is subject to approval of the TSX Venture Exchange.

DevStudios International Inc. (TSX V: DVE) ("DevStudios"), announces that, due to oversubscription, it has increased the amount of the private offering of common shares announced on the 10th of February from for a total of up to $1,000,000 to a total of $1,200,000. The Corporation intends to issue up to 3,000,000 shares at a price of $0.40 per common share. In conjunction with the issue of the common shares, the Corporation will issue up to 3,000,000 warrants, which upon exercise entitle the holder to acquire one common share of the Corporation, having an exercise price of $0.50 per common share during the first year and $0.75 during the second year after issue and an expiry date of 2 years from the date of issue of the warrants. There will be no finder's fees paid respecting this offering. Proceeds will be used for expanded marketing, support staff and product development and to open a DevStudios office in the United States. This financing is subject to approval of the TSX Venture Exchange. ".

DevStudios International Inc. (TSX V: DVE) ("DevStudios"), is pleased to announce that, for the fourth year in a row, it has acquired a position on the 2006 list of Alberta's Fastest Growing Companies. On the 2006 list, DevStudios placed first on the list of Top 10 Performers under $20 Million (in revenue) by 3-Year % Increase in Sales by reporting a three year sales increase of 38,185% to $1,660,043. DevStudios also placed first on the list of Top 10 Performers Under $20 Million (in revenue) by 3-Year % Increase in Assets, with a 910% increase. Overall, DevStudios placed #22 on the list of The Fast 25 Under $20 Million (in revenue).

Bob Vergidis, President and CEO of DevStudios quoted, "We are proud to be included on the list of Alberta's Fastest Growing Companies for the fourth consecutive year. It is an honor to be grouped with other Alberta companies that contribute to the vibrancy of our province and to earn this recognition. This award shows the growth that is possible when you assemble a team of committed and enthusiastic people."

Alberta's Fastest Growing Companies 2006 is presented by Alberta Venture magazine with the assistance of Grant Thornton Chartered Accountants and Management Consultants and the sponsorship of ATB Financial, DeVry Institute of Technology and Miller Thomson LLP. Alberta-based companies with at least three years of operation complete a Growth Questionnaire and are assessed points for 10 different categories. Accountants at Grant Thornton review all financial information and monitor the scoring, for maximum credibility and confidentiality. .

DevStudios International Inc. (TSX V: DVE) ("DevStudios"), announces that it proposes to carry out a private offering of common shares, for a total of up to $1,000,000. In conjunction with the issue of the common shares, the Corporation will issue 2,500,000 warrants, which upon exercise entitle the holder to acquire one common share of the Corporation, having an exercise price of $0.50 per share during the first year and $0.75 during the second year after issue and an expiry date of 2 years from the date of issue of the warrants. There will be no finder's fees paid respecting this offering. Proceeds will be used for expanded marketing, support staff and product development and to open a DevStudios' office in the United States. This financing is subject to approval of the TSX Venture Exchange.