News

NEWLOOK SUBSIDIARY ACQUISITION OF FUNCTION MOBILE TERMINATED

TORONTO, ONTARIO - February 18, 2009 - Newlook Industries Corp. (TSX Venture Exchange: NLI), ("Newlook" or "the Company") announced today that the proposed acquisition of Function Mobile Inc. ("Function Mobile") by the Company’s majority owned subsidiary, Wireless Age Communications, Inc. ("Wireless Age"), has been terminated.

On December 1, 2008, Wireless Age announced that it had agreed, subject to various terms and conditions, to acquire all of the issued and outstanding common shares of Function Mobile. On February 12, 2009, Wireless Age and Function Mobile determined to effectively terminate the previously announced transaction.

Newlook Industries Corp., headquartered in Toronto, Ontario is a publicly traded company listed on the TSX Venture Exchange.

For more information please call (416) 477-5656 or refer to www.sedar.com.

The management of the company, who take full responsibility for its content, prepared this press release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This press release contains forward-looking statements relating to future events and results that are based on Newlook's current expectations. These statements involve risks and uncertainties including, without limitation, Newlook's ability to successfully develop and market its products, consumer acceptance of such products, competitive pressures relating to price reductions, new product introductions by third parties, technological innovations, and overall market conditions. Consequently, actual events and results in future periods may differ materially from those currently expected. For more information contact:

John G. Simmonds
Chief Executive Officer
Newlook Industries Corp.
Telephone: (416) 477-5656 x301