Rewards Nexus Announces Change of Control

Rewards Nexus Inc. (OTC: ERNI) announced today that 44 million restricted common shares of the Company were issued to the shareholders of Progressive Designs Inc. in exchange for the repayment of the principal amount of $220,000 that was outstanding from certain convertible promissory notes.

Additionally, the Company cancelled 40 million common shares that were being held in reserve to be used for the equity facility agreement with Global Stock Investments Ltd, which was aborted.

After the effect of the transactions described above, Progressive Designs Inc. is now the controlling shareholder of Rewards Nexus holding approximately 55% of the Company's issued and outstanding common shares.

Finally, the Company announced that the structure, the mission and the Board of Directors of Rewards Nexus remain unchanged.

About Rewards Nexus Inc.

Rewards Nexus offers U.S. retailers innovative loyalty solutions including rewards and gift card programs, along with emerging marketing strategies aimed at consumers. Rewards Nexus grows through acquisitions and cooperative agreements with companies that have high potential and capabilities of achieving sustainable growth, resulting in a rapidly acquiring market share. The Company builds key strategies for its subsidiaries while providing financing and operational business support.

www.rewardsnexus.com

Issued by Rewards Nexus Inc.

For further information in this release please contact Mrs. Vasiliki Anagnostou at Rewards Nexus Inc. on tel.: 212-688-1007, e-mail: investors@rewardsnexus.com.

This document was produced by and the opinions expressed are those of Rewards Nexus Inc. as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Rewards Nexus Inc. to any person to buy or sell any security. Any reference to past performance is not a guide to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable, but Rewards Nexus Inc. does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.

This release may contain forward-looking statements, including, without limitation, statements containing the words "believes", "anticipates", "expects", "intends", "plans", "seeks", "estimates", "may", "will", "could", "stands to" and "continues", as well as similar expressions. Such forward-looking statements may involve known and unknown risks, uncertainties and other factors which might cause the actual results, financial condition, performance or achievements of Rewards Nexus Inc., or industry results, to be materially different from any historic or future results, financial conditions, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of publication of this document. Rewards Nexus Inc. expressly disclaims any obligation to update any such forward-looking statements in this document to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law or regulation.