Ashby Corp. Court Case Dismissed.

Hamilton, Bermuda, January 29, 2007 - Ashby Corp. (AHBY.BH), a Bermuda Stock Exchange listed company, announces that, as of January 29, 2007, a Court in Florida has dismissed as frivolous the case against Ashby and its affiliates filed by Bjorn Monteine on behalf of his shell company, Bahamas Film Studios Inc.  The Judge in the case has yet to rule on Ashby's motion to be awarded costs and attorney fees from Mr. Monteine.