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August 20, 2002
ATI Airtest Technologies Inc. (CDNX Symbol AAT)

AIRTEST RESTRUCTURES DEBT

[Vancouver British Columbia] Mr. George Graham the President of ATI AirTest Technologies Inc. is pleased to announce that a number of private investors who loaned the company $600,000 in June of 2001, have agreed to convert their unsecured loans to equity. The conversion will result in the issuance of 1,200,000 additional shares based on a price of $.50 per share. The conversion is subject to the approval of the TSX Venture Exchange.

Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results. The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Georgia West Management Inc.
Phone: (604) 868 1000
Toll Free: (877) 868 1001
Email: geowest@direct.ca
Website: airtest.com

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

 
Published: August 20, 2002 Last Updated: October 18, 2007