GelStat Announces the Retention of WSR Consulting, Inc. to Lead Its Corporate Financial Initiatives

Market Wire, April, 2008

GelStat Corporation (PINKSHEETS: GSAC) is pleased to announce that it has retained the services of WSR Consulting, Inc. (a Wall Street Resources Company). GelStat is a consumer healthcare company focused on the development and marketing of over-the-counter (OTC) products for the safe and effective treatment of pain and inflammation. WSR Consulting has been retained to lead an effort to manage all financial operations. Initially, the focus will be to bring the Company's financial records up-to-date, compile future quarterly and year-end financial statements (according to the schedule for fully reporting companies) and prepare for an audit for years ending 2005, 2006 and 2007. WSR will also manage M&A activities.

To implement these initiatives, WSR Consulting's principals will work closely with GelStat's executive management team, board of directors and GelStat's marketing consultants (U.S. Marketing, Ltd) to increase its transparency with the investment community and build shareholder value. Future plans and accomplishments will be communicated through press releases, conferences calls and quarterly financial reports. Furthermore, WSR Consulting has agreed to accept 144 restricted stock as its entire compensation for its 12-month engagement. Adrian G. Goldfarb, co-founder and President of WSR Consulting stated, "We want to send a signal to the financial community that we believe in the future of GelStat. To make that message loud and clear we have agreed to 100% equity compensation. Our incentive is clearly aligned with GelStat's investors to build long-term shareholder value."

Bill Colucci, President of GelStat, stated, "We are pleased to be working with WSR Consulting at this phase of the Company's transformation and welcome the addition of experienced personnel to our team. It is our belief that this team will assist us in moving GelStat Corporation forward."

WSR Consulting's principals bring to GelStat over 50 years of combined experience in accounting, executive management, strategic planning and corporate financial experience. They also have experience in international business to assist with the planned expansion into those markets. The following are brief bios of the primary consultants that will be working with the Company.

Adrian G. Goldfarb - Co-Founder/President, WSR Consulting, Inc.

Mr. Goldfarb has more than 25 years experience in a number of different technology companies including IBM and a Fujitsu subsidiary. In addition to extensive international experience in a variety of management roles, he served as General Manager for the European affiliate of The Weather Channel and was responsible for turning around its European operations after multiple years of losses under previous management. He has most recently been involved in the private equity space, both as a management consultant and investor and recently concluded the sale of one of those companies to a large European investment group. Mr. Goldfarb specializes in the turnaround and growth of emerging companies with a focus on strategic planning and prudent financial management. Mr. Goldfarb is a graduate of Rutgers University in New Jersey with a BA in Business Administration specializing in Finance.

Gerald N. Kieft - Co-Founder, WSR Consulting, Inc.

Mr. Kieft is the founder and President of Wall Street Resources, Inc. and a co-founder of WSR Consulting, Inc. Mr. Kieft began his career in the finance industry as an analyst for the Loan Source in 1991, providing debt-funding sources for small businesses through Small Business Association (SBA) loans. Subsequently, Mr. Kieft has worked as a buy-side analyst for a hedge fund, a sell-side analyst for a boutique brokerage firm and as a consultant to high net worth individuals and emerging growth companies at a number of financial institutions including Prudential Securities, Legg Mason Wood Walker and Raymond James & Associates. Throughout his career in the finance industry, Mr. Kieft has helped numerous emerging growth companies obtain financing and gain market awareness, while providing quality information on micro and small capital companies to the investment community. Mr. Kieft is a graduate of Eastern Illinois University, where he earned a Bachelor of Science in Business degree, majoring in Finance, as well as a Bachelor of Arts degree, majoring in Economics.

Michael R. Hull, CPA - Managing Director - CFO Services, WSR Consulting, Inc.

Mr. Hull joined WSR Consulting, Inc. in 2008 as its Managing Director of CFO Services. After graduating from college, Mr. Hull spent 11 years auditing both public and private companies for Price Waterhouse, advancing from audit staff to audit senior manager. Upon leaving Price Waterhouse, he accepted the position of CFO for BCT International, a public company that is a franchisor of wholesale printing businesses with annual network sales of $107 million. Subsequently, he worked for Resources Global Professionals, where he was a member of a team that assisted a $4 billion subsidiary of a $40 billion multinational company in complying with Section 404 of the Sarbanes Oxley Act of 2002. Most recently, Mr. Hull served as the CFO of BabyUniverse, a public company traded on Nasdaq. His responsibilities included preparing the annual 10-K and quarterly 10-Qs filed with the SEC and coordinated the annual financial statement audit and quarterly reviews. Mr. Hull is a 1985 graduate of the University of Central Florida with a B.S.B.A. in Accounting. He has been a Certified Public Accountant since 1986 and is a member of the Florida Institute of Certified Public Accountants, a member of the American Institute of Certified Public Accountants, and a member of the Financial Executives Network Group.