Final Results- Part I

Westside Acquisitions plc, the AIM listed investment vehicle, announces its results for the year ended 31 December 2008.

Chairman's Statement and Chief Executive's Review

The audited consolidated accounts for the year ended 31 December 2008 show a loss before taxation of  £1,160,281 (2007: loss of £122,854).

Westside's net cash balances as at 31 December 2008 were £1,095,007 (2007: £1,682,700)

The experience of 2008 was really a year which continued the trend established in the second half of 2007.

In our 2007 annual statement we warned that market conditions were likely to be unsettled and uncertain, but the turmoil which ensued throughout 2008 – starting with the liquidity strains experienced in the banking sector from August 2007 – have become progressively more serious such that conditions are now recognised as the worst in possibly 75 years.

The result in 2008 has been the unpleasant experience of seeing some of the largest banks in our universe require financial assistance to maintain their liquidity and solvency.

Westside holds 75 million ordinary shares of Pantheon Leisure PLC ('Pantheon') representing 62.5% of the issued share capital where both the ordinary shares and warrants trade on AIM.

Pantheon made a loss of £170,904 for the year ended 31 December 2008 (2007: loss £210,642).

In 2008, Pantheon has reported that the turnover of its subsidiary, Sport in Schools Ltd was £518,034 (2007: £306,915) an increase of 69% over 2007.  The turnover of the 5-a-side football activity for the year was £552,204 (2007: £583,040) a reduction of 5%.

In the current year, Pantheon is budgeting for a continuation of its improving trend with the expectation that Sport in Schools will again generate significant additional turnover and that 5-a-side football will continue to maintain its level of activity despite the current recessionary climate.

Reverse Take-Over Investments plc ('RTI') has investments in five companies whose ordinary shares and warrants trade on AIM and holds 18.75% of Ethanol 10 plc, which is unquoted.

At 31 December 2008 the fair value of our holdings of listed investments was £773,000 (2007: £2,638,942) against an original cost of £774,498 (2007: £774,498)

At the year end:

• RTI held 22.54 million ordinary shares in ADDleisure plc (10.75% of the issued share capital), a company which develops products and services in the health and leisure sectors. BUPA holds a 28.9% stake in ADDleisure. On 2 March 2009, RTI's investment in ADDleisure was sold to Pantheon Leisure for £500,000.

• RTI held 1.8 million ordinary shares in York Pharma plc (3.8% of the issued share capital), a company which sells a range of dermatological products available on prescription to wholesalers, hospitals and general practitioners. York Pharma holds 68 patents on 13 patent families of dermatology products for which it is at different stages of seeking regulatory approval.  On 22 March 2009, shares in York Pharma were suspended from trading as the company announced that it had received an approach that might or might not lead to an offer for its share capital.

• RTI held 23 million ordinary shares in Messaging International plc (9.8% of the issued share capital) a company which is a leading provider of text to landline messaging services on a worldwide basis working with blue chip telecom providers such as Verizon, SprintNextel and Rogers Wireless.

• RTI held 800,000 ordinary shares in Cheerful Scout plc (8.2% of the issued share capital), a company which is a multi media specialist ranging from the provision of DVD and short film production to cutting edge conference and visualization technology.

• RTI held 20 million ordinary shares in Astek Group plc (28.5% of the issued share capital), a company which is a dental designer, manufacturer and distributor. Astek has an extensive portfolio including prosthetic products for dentures and innovative products relating to the prevention of cross infection.

• RTI held 3.75 million ordinary shares in Ethanol 10 plc (18.75% of the issued share capital) a company which was formed to develop and build an Ethanol producing plant in the Dominican Republic.  In view of the significant fall in the price of oil in 2008, substantial provision has been made against the cost of this investment.

There is little doubt that operating conditions in 2009 will continue to be difficult. On the positive side, Pantheon is building a business that we continue to believe does have some serious potential. Elms Sport in Schools is a brand in the making and should promote sponsorship opportunities in the future. The portfolio of investments held by RTI has suffered considerably in the bear market but the respective management teams of the individual companies remain confident that their business models are sound.  Since the year end we have raised additional capital of £500,000.

In conclusion, we can only hope that the aggressive actions taken by the various governmental and financial authorities around the world will at the very least enable business to function in such a strong and unprecedented recessionary climate.

Electronic Communications

The directors wish to utilise the new provisions of the Companies Act 2006 to allow them to send documents or information electronically, thereby reducing printing and postage costs. Accordingly, Resolution 5 is being proposed as a special resolution at the annual general meeting, to make certain amendments to the company's articles of association to authorise the company to send documents and information to shareholders using electronic means which includes making them available on the company's website and to ensure that the relevant notice and service provisions in the company's articles of association shall apply to electronic communications.

R L Owen

G M Simmonds

18 June 2009

* * ENDS * * For further information please visit www.westsideacquisitions.com  or contact:

Continuing and discontinued operations

Consolidated balance sheet as at 31 December 2008

Consolidated cash flow statement for the year ended 31 December 2008