MetroBridge Files Amended Interim Financial Reports and MD&A

METROBRIDGE NETWORKS INTERNATIONAL INC.

Suite 918-1030 West Georgia Street Vancouver, British Columbia Canada V6E 2Y3 Tel. No. (604) 628-5621 ♦ Fax No. (604) 628-2650

MetroBridge Files Amended Interim Financial Reports and MD&A for First and Second Quarters ended March 31, 2011 and June 30, 2011

Vancouver, British Columbia – October 19, 2011 – MetroBridge Networks International Inc. (TSX-V:MEB) (the “Company”) announces that, as a result of a review by the British Columbia Securities Commission (the “Commission”), the Company’s interim financial reports and Management’s Discussion and Analysis for the interim periods ended March 31, 2011 and June 30, 2011, have been amended and restated and, as a result, are being re-filed. The amendments relate to deficiencies noted by the Commission with respect to disclosures relating to the transition to IFRS, including a missing column in the Statement of Financial Position at the date of transition to IFRS, adding the three month comparative period to the Statement of Changes in Equity for the three-month period ended March 31, 2011, and reconciliations, as well as additional disclosures relating to accounting policies adopted in relation to IFRS. The Company also provided further disclosure regarding discontinued operations and provided enhanced MD&A disclosure with respect to results of operations, summary of quarterly results and transactions with related parties.

For further information please contact:

Martin Bajic, Chief Financial Officer Tel: (604) 628-5621 Fax: (604) 628-2650

This news release contains certain statements that may be deemed “forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors should change, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.