NR's corp reorg and private placement

Name change to Universal Wing on a seperate hub

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duncanmcl

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NR's corp reorg and private placement

posted on Jun 20, 2009 09:16AM

changes in the works....and powers to retire...plus private placement for $300000......likely for MEO

Austin Developments Corp. (TSX.V- AUL) (“the Company”) would like to

announce that Mr.

Declan Sweeney, current Chief Financial Officer of Austin will become the new Chief Executive

Officer of the Company. Mr. Patrick Power will step down as President, CEO and Director on April

30, 2009. The board of Directors would like to thank Mr. Power for his contributions to the