Hedley Technologies Inc. To Change Name To BioSyent Inc.

The Board of Directors announces that Hedley Technologies Inc. ("Hedley") (TSX VENTURE: HED) will change its name to BioSyent Inc. ("BioSyent") effective June 13, 2006. On that date, the company's trading symbol on the TSX Venture Exchange will change to RX. The change in name reflects the company's forward focus on human health, specifically the pharmaceutical market.