Austin Changes Its Name and Trading Symbol

Universal Wing Technologies Inc.
(formerly Austin Developments Corp.)
Suite 1818 – 701 West Georgia Street,
P.O. Box 10144
Vancouver, British Columbia
V7Y 1C6
Tel: 604-689-1799
Fax: 604-689-8199

TSX Venture: UAV

Austin changes its name and trading symbol to Universal Wing Technologies Inc.

Universal Wing Technologies Inc. (the “Company”) is pleased to announce that at the company’s Annual General Meeting, the shareholders voted overwhelmingly in favour of taking the Company in a new direction. Austin Developments Corp. has changed its name to Universal Wing Technologies Inc.  and will trade under the new symbol TSXV:UAV.

Over the past 4 years Universal Wing Geophysics Corp., a wholly owned subsidiary of Universal Wing Technologies Inc., has been working to become the preferred service provider of unmanned vehicles to the mining/exploration industry. During this time Universal Wing has also participated in a government supported project to provide an unmanned capability to the emergency response/disaster management sector in BC.  With the development of its latest Unmanned Vehicle, Universal Wing will soon be in a position to target other industries that seek to benefit from unmanned technology. These industries include pipeline and hydro line surveillance and monitoring, fisheries and any other sector which currently fly fixed wing or helicopter surveys.

The company is currently raising funds for working capital and to acquire a fleet of 4 new UAV’s. These funds will also be used to put in place an expanded marketing and investor relations department to aggressively promote Universal Wing Technologies’ position in the growing civilian use UAV sector.

Austin Developments Corp.

Per:

“Declan Sweeney”
Declan Sweeney
CEO and Director

Forward Looking Statements

Certain statements in this press release are forward looking statements as defined by Canadian Securities rules. Forward looking statements in this press release include that we will close a private placement. This forward looking statement is subject to risk as investors may not participate as expected. The forward looking statement is based on current expression of agreement to invest. It is not our policy to update forward looking statements.