DevStudios International Inc. (the "Corporation") is announcing that its stock has been halted pending the completion of its audited financial statements for the year ended December 31, 2007.

"We have undergone a major restructuring of our business in the middle of 2007" said Bob Vergidis, President/CEO of DevStudios. "The objective has been to sharpen the focus of our company and specifically work on our Point of Sale software. This process has lead to delays in completing our audit for fiscal 2007. It is a top priority, and we will be working to complete it as soon as possible." Added Vergidis.

DevStudios International Inc. (the "Corporation") is pleased to provide a progress update for its Leapfrog® 3.0 software application. On May 2008, the corporation disclosed that it would further sharpen its focus to specifically target Leapfrog® 3.0 at the Pizza niche market. Also, it would use any additional time to create a service-oriented version of the software that could be niche-neutral, with a smaller footprint delivered entirely via the Internet as a monthly subscription service.

The corporation is pleased to announce that in the past nine months its Leapfrog® 3.0 application has been enhanced to offer Dining Room, Call Center, and Pickup/Front Counter Point of Sale modules along with a large complement of optional back office tools including customer relationship management (CRM), perpetual inventory, integrated accounting, financial reporting system, and others.

Bob Vergidis, President and CEO of the corporation noted: "Our whole Leapfrog® 3.0 offering revolves around three main objectives: a) real time integration of all the components, b) a leading-edge, yet easy to use business-rules-based platform, and c) centralized, secure delivery of the application either via an Intranet or the Internet. Our clients want Leapfrog® to help them deliver their business strategy to their organization's front lines and provide instant feedback back to management."

Key milestones of DevStudios Leapfrog® 3.0 thus far in 2008 include:

- Completion of a large number of additional modules including delivery, driver dispatch, kitchen production, communications, and payment processing.

- A pilot installation of the new pizza-specific version of the software. This pilot has been running for three months at a live store with great results. The client has found the system comprehensive, fast, flexible, and extremely easy to use with substantially reduced training times from days to only minutes per staff.

- The software has been installed at a national U.S. based Call Center Provider that is servicing the fast food and casual dining space.

- The complete Leapfrog 3.0 Accounting system has been installed and is running at another U.S. based regional Pizza chain and is currently supporting the complete financial management and reporting of over 30 locations.

In addition to its built-in capabilities, Leapfrog 3.0 has also been extended to provide connectivity to and from other systems. New credit card clearing services are allowing Leapfrog® 3.0 to now handle real time authorizations through the vast majority of U.S. Credit Card and Gift Card processors. An XML-based interface allows Leapfrog® to receive orders from other systems including DevStudios' TUXX® Call Center. A Remote Printing Agent allows Leapfrog® to send orders to any computer via the Internet.

"In 2008 the restaurant industry is hampered with rising labor and commodity costs. There is a very good fit for technology as one of the tools to help manage both of these challenges. DevStudios Leapfrog® 3.0 has been built with both of these objectives in mind. The software is able to enforce the business rules of the organization with an intuitive and easy to learn interface, while making the data management instant and touch-free across multiple locations," said Vergidis.

The plans of the corporation for the next six months regarding Leapfrog® 3.0 will include: The creation and rollout of Leapfrog's online-ordering module, the completion of the rollout of over 60 store locations on the Leapfrog platform, and the beginning of the service-oriented version of Leapfrog that will make it possible for customers to subscribe to Leapfrog® on a monthly basis. In addition, the corporation anticipates being able to begin sales and marketing activities for the Leapfrog® 3.0 software by the latter part of 2008.

Vergidis added: "We have learned a lot about delivering I.T. solutions to the pizza industry from our past history with both Leapfrog® and our UNIX-based TUXX® platform. Our objective is not only to tackle the software challenge but also the whole delivery and ongoing management model including change management, installation, training, and ongoing updates. The objective is to make the whole process simple and scalable for both our clients and for us. We have made some great strides toward that goal, and we will continue as our software is gaining a larger client base."

DevStudios International Inc. (the "Corporation") is giving this Default Status Update to its Default Notice of May 1, 2008, under the provisions of CSA Staff Notice 57-301. The Corporation is not yet able to file on time its audited financial statements for the 15 month period ended December 31, 2007. The Corporation now anticipates that it will not be able to file these financial statements by June 29, 2008. While the Corporation is endeavoring to have the financial statements available as soon as possible, it can not accuratley estimate when that may occur. There is no change to the information contained in the Corporationˇ¦s Default Notice of May 1, 2008 other than the change to the expected completion date for the financial statements.
There is no other material information concerning the affairs of the Corporation that has not been generally disclosed.

DevStudios International Inc. ("TSXV:DVE") is pleased to announce that it will further sharpen the focus for its Leapfrog® integrated Point of Sale and Back Office system to the Restaurant Industry and it will stop support of the product in the Golf Course Management space.

This strategic change is a direct attempt to strengthen the core of the business, make time to further refine Version 3.0 of the software, and get ready to make the product more niche-market independent. Bob Vergidis, President and C.E.O. of DevStudios commented, "Leapfrog 3.0 has been born in the Golf Course Management space, but since then it has grown beyond that. In the process it has been exceedingly difficult for us to cover multiple small niche markets. This change in direction helps us sharpen our focus and consolidate our efforts in the areas that we feel have the highest potential shareholder return."

With the exit from the Golf space, DevStudios has negotiated license conversions for its existing customers to move to another Golf Course Management software solution. "We are being responsible to our existing customers by giving them a cost effective path to move to a different golf course management system. They will mainly have to pay for support and installation/training, but there will be no license cost to them to get this different system." Added Mr. Vergidis.

DevStudios International Inc. (the "Corporation") is giving this Notice of Default under the provisions of CSA Staff Notice 57-301. The Corporation is not able to file on time its audited financial statements for the 15 month period ended December 31, 2007. The Corporation is unable to file these financial statements on time as a result of delays in completion of its audit due to a change of year end (from September 30 to December 31) and a significant restructuring of its business and corporate structure shortly prior to December 31, 2007. The Corporation anticipates being able to file these financial statements by June 29, 2008.

The Corporation is not the subject of any insolvency proceeding and, as a result, is not subject to any obligations to provide information to its creditors. The Corporation will file material change reports containing the same information, if any, it provides to creditors at the same time the information is provided to creditors throughout the period in which it is in default.

The filing deadline for the Corporation's audited financial statements for the period ended December 31, 2007 is April 29, 2008. If 2 months after that filing deadline (June 29, 2008) those financial statements have not been filed, the Alberta and British Columbia Securities Commissions may impose an Issuer Cease Trade Order against the Corporation. In addition, an Issuer Cease Trade Order may be imposed sooner if the Corporation fails to file its Default Status Reports on time. The Corporation intends to file Default Status Reports every two weeks for so long as it remains in default of filing its financial statements. There is no other material information concerning the affairs of the Corporation that has not been generally disclosed.

DevStudios International Inc. ("TSXV:DVE") is pleased to announce that Fortress Network Security Inc of Louisville KY will be showcasing the hosted version of the DevStudios Leapfrog Version 3.0 Point of Sale, and Call Center system at FSTEC, the Food Service Technology Exposition held April 16 ˇV 19th 2008 in Texas.

FSTEC is the largest gathering of technology solutions focused specifically for the Food Service industry, and represents a significant visibility opportunity for DevStudios' Leapfrog 3.0 product. In addition to demonstrating the advanced, fully integrated features of the Leapfrog product, Fortess Network Security is now able to offer the entire platform in a hosted fully managed configuration.

Bob Vergidis, President and C.E.O. of DevStudios commented, "Leapfrog Version 3.0 represents the most advanced, fully integrated transaction management system for the next generation of business in the Food Service industry. Now with Fortress' hosted Point of Sale model, our entire solution can be deployed securely any place any time on a reduced hardware footprint."

Joe Sykora, President and CEO of Fortress Network Security commend, "Fortress is one of the industry leaders in secure, hosted based implementations of Point of Sale, Call Center, and Website ordering systems. Working with DevStudios gives us the ability to offer today's leading software platform in a hosted, secure, PCI compliant environment while reducing the total cost of ownership"