BestNet Communications Corp. Does Not Proceed with Proposed Stock Purchase and Asset Purchase & Management Agreements with Pacific Biometrics, Inc.

BestNet Communications Corp. (BestNet, OTCBB: BESC) today announced that the Board of Directors have determined not to proceed with the proposed agreement with Pacific Biometrics, Inc that was described in BestNet’s press release of January 4, 2005.

Grand Rapids, MI (PRWEB via PR Web Direct) February 28, 2005 -- BestNet Communications Corp. (BestNet, OTCBB: BESC) today announced that the Board of Directors have determined not to proceed with the proposed agreement with Pacific Biometrics, Inc that was described in BestNet’s press release of January 4, 2005.

Stanley Schloz, President of BestNet, commented, "The BestNet Board intends to continue to pursue Biotech and medical related business opportunities to increase shareholder value."

About BestNet Communications Corp.
BestNet Communications is a global solutions provider of long distance conference calling, ClicktoPhone? and custom application-based communication services. BestNet's services are accessed worldwide via the Internet, standard phones and wireless devices and are delivered using standard phone lines and equipment. This results in a cost-effective, high-quality service for both businesses and consumers.

Under the brand name Bestnetcall™ (www.bestnetcall.com) the patented services offer subscribers premium quality calls and conference calling, at significantly lower rates. Calls and conference calls can also be launched via a desktop application or handheld devices, including Palm™, Pocket PC®, and Blackberry™, and used with any standard or wireless phone. In addition, the company's new ClicktoPhone™ service (www.ClicktoPhone.com) enables clients to add secure and anonymous voice communication connectivity anywhere in the world to web sites, web banners, pictures, electronic documents, and customized e-mail calling buttons.

For more information about BestNet, contact e-mail protected from spam bots or call (616) 977-9933.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release includes forward-looking statements including to but not limited to our strategic planning and business development plans, our future growth, and the viability and acceptance of our products and services in the market. These forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those described in the forward-looking statements. These risks include, but are not limited to, our ability to bid on and win laboratory services contracts, the success of our marketing and business development efforts, competition in the industry, and our ability to manage growth, as well as the risks and other factors set forth in our periodic filings with the U.S. Securities and Exchange Commission.

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Source :  http://www.prweb.com/releases/2005/2/prweb213540.htm