Exhibit 99.2

WIRELESS AGE COMMUNICATIONS, INC.

CONSOLIDATED BALANCE SHEETS

December 31, 2008 and 2007

(Unaudited) (Stated in US Dollars)


	2008			2007
ASSETS
Current
Cash and cash equivalents	$	-		$	104,101
Receivables		1,769,687			3,931,412
Inventory		1,480,518			2,438,571
Marketable securities		1,243,338			2,320,317
Prepaid expenses		98,495			143,548
		4,592,038			8,937,949

Property and equipment		554,057			726,341
Due from related parties		1,889,430			1,513,200
Intangible assets		-			332,116
Goodwill		-			241,026
	$	7,035,525		$	11,750,632


LIABILITIES
Current
Bank indebtedness	$	33,574		$	-
Accounts payable and accrued liabilities		3,289,949			7,207,015
Taxes payable		373,541			-
Current portion of deferred revenue and customer deposits		189,483			206,258
Note payable acquisition		-			100,880
Liabilities of discontinued operations		5,168,618			313,125
Due to related parties		66,686			190,529
Obligations under capital leases		9,256			28,887
		9,131,107			8,046,694

Deferred revenue and customer deposits		100,816			98,864
Long term debt		-			1,513,200
Obligations under capital leases		17,850			33,308
Tax obligations		763,498			865,894
	$	10,013,271		$	10,557,960

Commitments and contingencies

Minority interest		1,283			1,283

STOCKHOLDERS’ EQUITY (DEFICIENCY)
Preferred stock, $0.001 par value
10,000,000 shares authorized, (2008:nil issued and outstanding, 2007:nil)		-			-
Common stock, $0.001 par value
100,000,000 shares authorized, 57,650,692 shares outstanding (2007:59,473,342)		57,651			59,473
Additional paid-in capital		11,335,036			11,802,344
Treasury stock 25,900 shares of common stock		(4,792	)		-
Accumulated deficit		(13,616,290	)		(11,747,170
Accumulated other comprehensive income		(750,634	)		1,076,742
		(2,979,029	)		1,191,389
	$	7,035,525		$	11,750,632

WIRELESS AGE COMMUNICATIONS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

For the years ended December 31, 2008 and 2007

(Unaudited) (Stated in US Dollars)

		2008		2007
Sales:
Sales – products and services	$	19,453,430	$	15,350,647
Commission and residual revenue		4,625,847		4,355,091
Total sales		24,079,277		19,705,738

Cost of goods sold – products and services		15,224,746		11,597,305
Margin on products and services		8,854,531		8,108,433

Operating expenses
Selling and administrative		7,010,548		6,060,709
Amortization		311,595		274,260
Recovery of note receivable		(67,706)		(150,000)
Write down of assets		3,743,506		-
Earnings from operations		(2,143,412)		1,923,464

Other expenses (income)
Interest income		(519,020)		-
Interest expense		422,838		252,021
Foreign exchange losses (gains)		(296,815)		50,355
Financing expense		-		326,400
Gain on disposal of investments		(66,858)		-
Total other expenses		(459,855)		628,776

Earnings (loss) before income taxes		(1,683,557)		1,294,688
Income taxes – deferred		-		(240,038)
Income tax expense		(271,145)		-
Earnings (loss) from continuing operations	$	(1,954,702)		1,054,650

Earnings (loss) from discontinued operations		85,582		1,836,043
Net income (loss)	$	(1,869,120)		2,890,693

Deemed dividend induced conversion of warrants		-		673,274

Net income (loss) attributable to common shareholders	$	(1,869,120)	$	2,217,419

Earnings (loss) per share:
Earnings (loss) per share - continuing operations – basic and diluted	$	(0.033)		0.008
Earnings per share - discontinued operations – basic and diluted	$	0.001		0.039
Net earnings (loss) attributable to common shareholders – basic and diluted	$	(0.032)		0.047

Weighted average number of common shares outstanding:
Basic		58,608,577		46,784,663
Diluted		58,608,577		47,186,449

COMPREHENSIVE INCOME (LOSS)

Net income (loss)	$	(1,869,120)	$	2,890,693
Other comprehensive income (loss):
Unrealized holding (loss) gain on marketable securities		(1,200,441)		995,699
Foreign exchange translation gain (loss)		(626,935)		(91,560)
Comprehensive income (loss)	$	(4,076,015)	$	3,794,832

WIRELESS AGE COMMUNICATIONS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the years ended December 31, 2008 and 2007

(Unaudited) (Stated in US Dollars)

		2008			2007

Operating Activities
Net earnings (loss) from continuing operations	$	(1,954,702	)	$	1,248,374
Items not involving cash:
Amortization		311,595			275,410
Gain on disposal of marketable securities		(66,858	)		-
Financing expense		-			326,400
Common stock issued for consulting services		-			25,715
Write down of assets		3,743,506			-
Foreign exchange loss/(gain)		(296,815)			50,355
Gain on collection of note receivable		(67,706)

Changes in operating assets and liabilities:
Receivables		872,639			(2,110,477	)
Inventory		958,053			(621,948	)
Prepaid expenses		45,053			(38,385	)
Accounts payable and accrued liabilities		(878,959	)		3,646,630
Taxes payable		271,145			-
Deferred revenue and customer deposits		(14,823	)		66,984

Cash provided by operating activities		2,922,128			2,869,058

Investing Activities
Collection of note receivable		67,706
Loan		(20,525	)		-
Purchase of marketable securities		(582,130	)		(1,324,618	)
Proceeds on disposal of marketable securities		177,257			-
Increase in due to parent and related parties		(5,203,121	)		190,529
Purchase of distribution rights		(94,035)
Additions to intangible assets		-			(105,924	)
Additions to property, plant and equipment		(72,228	)		(396,769	)

Cash (used in) investing activities		(5,727,076	)		(1,636,782	)

Financing Activities
Purchase of common stock for cancellation		(473,922	)		-
Repayment of long-term debt		(135,969	)		(51,204	)
Cash used in purchase of outstanding warrants		-			(348,963	)
Increase (decrease) in bank indebtedness		33,574			(1,275,612	)

Cash (used in) financing activities		(576,317	)		(1,675,779	)

Decrease in cash from continuing operations:		(3,381,265	)		(443,503	)

Increase in cash from discontinued operations		3,277,164			262,574

Decrease in cash during the year		(104,101)			(180,929	)

Cash and cash equivalents, beginning of the year		104,101			285,030

Cash and cash equivalents, end of the year	$	-		$	104,101

The Company paid cash interest of $422,838 and $252,019 during fiscal years 2008 and 2007 respectively.

The Company did not pay cash income taxes in either of fiscal years 2008 or 2007.

Non-cash activities:

During 2008 the Company:

Acquired intangible assets, valued at $98,070, through the issuance of $98,070 promissory note.

Acquired 720,000 common shares of Newlook by issuing $280,565 promissory note.

Acquired 503,200 common shares of the Company in exchange for 251,600 Newlook shares.

During 2007 the Company:

Issued warrants to purchase 2,000,000 common shares, valued at $190,000.

Issued 2,950,000 common shares upon the conversion of 2,950,000 Series A preferred shares.

Issued 16,771,600 common shares upon the conversion of 4,192,900 Series A preferred shares.

Issued 6,666,667 common shares, valued at $673,274, to cancel warrants to purchase 10,000,000 common shares.

Issued 3,200,000 common shares, valued at $326,400, to settle liquidated damages for certain breaches pursuant to a financing agreement.

Issued 357,157 common shares, valued at $25,715 for consulting services provided.

Acquired a vehicle valued at $44,819 through a capital lease obligation.

Obtained a term loan of $1,513,200 the proceeds of which were transferred to the Company’s controlling shareholder.

WIRELESS AGE COMMUNICATIONS, INC.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIENCY)

For the years ended December 31, 2008 and 2007

(Unaudited) (Stated in US Dollars)

	Common Stock							Preferred Stock
		Number		Par Value		Additional Paid-in Capital			Number			Par Value			Additional Paid-in Capital			Accumulated Other Comprehensive Income			Deficit			Total Stockholders' Equity
Balance, December 31, 2006		29,527,918	$	29,528	$	10,596,483			7,142,900		$	7,143		$	362,237		$	172,603		$	(13,338,733	)	$	(2,170,739	)

Conversion of preferred stock to common stock		2,950,000		2,950		149,602			(2,950,000	)		(2,950	)		(149,602	)		-			-			-

Adjustment arising from issuance of warrants		-		-		190,000			-			-			-			-			-			190,000

Conversion of preferred stock to common stock		16,771,600		16,772		200,056			(4,192,900	)		(4,193	)		(212,635	)		-			-			-

Issuance of common stock for cancellation of warrants		6,666,667		6,667		666,607			-			-			-			-			-			673,274

Issuance of common stock pursuant to settlement of financing breach		3,200,000		3,200		323,200			-			-			-			-			-			326,400

Issuance of common stock for consulting services provided		357,157		356		25,359			-			-			-			-			-			25,715

Deemed dividend induced conversion of warrants		-		-		-			-			-			-			-			(673,274	)		(673,274	)

Adjustment arising from repurchase of warrants associated with financing		-		-		(158,963	)		-			-			-			-			-			(158,963	)

Adjustment arising from repurchase of warrants associated with officer settlements		-		-		(190,000	)		-			-			-			-			-			(190,000	)

Adjustment arising from adoption of FIN 48		-		-		-			-			-			-			-			(625,856	)		(625,856	)

Foreign currency translation adjustment		-		-		-			-			-			-			(91,560	)		-			(91,560	)

Unrealized holding gain on marketable securities		-		-		-			-			-			-			995,699			-			995,699

Net income for the year		-		-		-			-			-			-			-			2,890,693			2,890,693

Balance, December 31, 2007		59,473,342	$	59,473	$	11,802,344			-		$	-		$	-		$	1,076,742		$	(11,747,170	)	$	1,191,389

WIRELESS AGE COMMUNICATIONS, INC.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIENCY)

For the years ended December 31, 2008 and 2007

(Unaudited) (Stated in US Dollars)

	Common Stock
	Number			Par Value			Additional Paid-in capital			Accumulated Other Comprehensive Income			Deficit			Treasury Stock			Total (Restated)
Balance, December 31, 2007		59,473,342		$	59,473		$	11,802,344		$	1,076,742		$	(11,747,170	)	$	-		$	1,191,389

Repurchases of common stock		(1,822,650	)		(1,822	)		(467,308	)											(469,130	)

Repurchase of common stock not yet cancelled																	(4,792	)		(4,792	)

Foreign currency translation adjustment											(626,935	)								(626,935	)

Unrealized holding gain on marketable securities								-			(1,200,441	)								(1,200,441	)

Net loss for the year														(1,869,120	)					(1,869,120	)

Balance December 31, 2008		57,650,692		$	57,651		$	11,335,036		$	(750,634	)	$	(13,616,290	)	$	(4,792	)	$	(2,979,029	)

WIRELESS AGE COMMUNICATIONS INC 8-K/A