ANQ

Recent Developments TORONTO, Nov. 4, 2011 /CNW/ - Allegiance Equity Corporation is pleased to report that CinG-X™, its revolutionary food additive, continues to capture the attention of North America's leading food manufacturers. Nealanders International Inc. featured CinG-X™ at the world's largest show for healthy food and nutritional ingredients, held recently in Las Vegas.  A variety of manufacturers including multinationals as well as global leaders in the distribution of sweeteners and sugar related products have requested samples and product specifics. There are numerous other confidential activities and CinG-X™ continues to capture the interest of the Food and Beverage Industry. Corporate Profile -- Allegiance develops products for common diseases and conditions including Alzheimer's, dementia, diabetes and inflammatory skin conditions where existing products fail to meet the needs of patients -- Allegiance then obtains regulatory approvals, patents and license agreements that generate upfront fees and royalties -- Core technologies include CinG-X™ and Reliéva™ -- Allegiance's core competencies are product development plus effective sales and marketing strategies -- All non-revenue producing activities such as manufacturing, distribution and research are outsourced reducing costs and maximizing flexibiliy CinG-X™ offers hope in the fight against diabetes and for individuals suffering from dementia. -- Diabetes, Alzheimer's and dementia cannot be cured but can be treated and prevented -- Allegiance successfully developed CinG-X™, a safe and effective treatment for these terrible diseases -- Its ingredients synergistically minimize the risk of developing dementia, Alzheimer's and diabetes by: o controlling glucose metabolism o improving brain function o minimizes reduction of cognitive function o reducing blood sugar o improves memory and cognitive function o enhancing physical and mental fatigue -- Daily dosage only 0.4 g per day to support related health claims CinG-X™ compared to other additives -- Probiotics in yogurts (Activia from Danone) and polysterols (Becel from Unilever) in margarine generates billions of dollars in increased sales revenues and increased shareholder value every year -- CinG-X™ has the most compelling health benefits and versatility of any additive introduced to date including omega's, antioxidants, probiotics and polysterols -- CinG-X™ has many more applications including food products, beverages, diet foods, nutritional products, meal replacement bars and shakes, vitamin products, diabetic products, etc. CinG-X™ with new and important health benefits and potential application in many more foods and beverages has the potential to duplicate the success of these other food additives several times over. Distribution Agreement -- The agreement dated April 7, 2011, between Nealanders and Allegiance provides that Nealanders will promote, distribute and expand the sales of CinG-X™, which it will purchase from Allegiance -- Nealanders provides quality controls, blending and other services as part of the purchase price -- Allegiance provides ongoing support services and assistance with regulatory marketing and other matters -- Allegiance receives a royalty of $110. Per kilo for providing the formula. Over the next several years, this agreement has the potential to generate revenues of several dollars per share. -- Nealanders is recognized as the leader in the manufacturing and distribution of food ingredients, specializing in antioxidants, release agents, dough conditioners and enrichment blends -- Proudly Canadian, Nealanders' Head Office is located in Mississauga, ON, with facilities strategically located across North America providing customers with coast-to-coast coverage in both distribution and technical sales -- On the leading edge of emerging trends and with a strategic focus on wellness, Nealanders has extensive laboratory capabilities for product development and full technical and regulatory support. Nealanders embraces a customer focused mindset and value creation for their customers. -- "I am very excited about moving forward with this revolutionary new additive," says Steve Owen, VP Sourcing, Product Development & GM - Ontario. "With the added value CinG-X™ brings to our customers' products and the important health benefits for customers, everybody wins." Nealanders International Inc., in conjunction with a leading international consulting firm., prepared the Master Ingredient File that has been filed with Health Canada for approving dramatic new health claims and benefits for foods containing CinG-X™ to permit label and advertising claims, including: 1. reducing blood sugar 2. supporting optimal cognitive function 3. reducing mental fatigue 4. enhancing physical capacity and performance Value Prospect Nealanders is in the process of preparing sample food products, sell sheets, specification sheets and all necessary information for numerous clients that are interested in CinG-X™, many of which are multi-billion dollar ingredient companies and food and beverage companies. Interest of Management Notice of Intention to Distribute Palm American Investment Inc. 2.021,997 holds common shares of Allegiance Equity. Palm American Investment Inc is controlled by David Solomon, Marilyn Bloovol and members of their family Palm American Investment Inc. filed a Notice of Intention to sell up to 1,000,000 common shares on October 19, 2011 by way of private sale or on the market from time to time a. There are presently 7,291,08T common shares of Allegiance issued and outstanding. Additional information relevant to the Company's activities, including the Company's press releases can found on SEDAR at www.sedar.com. The TSX Venture Exchange has not reviewed and does not accept responsibility FOR THE ADEQUACY OR ACCURACY FOR HIS PRESS RELEASE, WHICH HAS BEEN PREPARED BY MANAGEMENT. Allegiance Equity Corporation CONTACT: Allegiance Equity CorporationDavid Solomon President(416) 630 1221Email dsolomon79@gmail.com

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