ATI Airtest Technologies Inc.
FOR IMMEDIATE RELEASE
AirTest Announces Financing
DELTA, BC, Aug. 25 /CNW/ - AirTest Technologies (TSXV: AAT) is pleased to announce the Company is offering a non brokered private placement for
securities for gross proceeds of up to $250,000. Pursuant to the terms of the private placement, the Company intends to issue up to 5,000,000
units at a price of $0.05 per unit. Each unit will consist of one common share in the capital of the Company and will include a warrant that
can be exchanged for 1 common share at an exercise price of $0.10 for a period of 12 months following the closing of the private placement.
Commissions or finder's fees will be paid pursuant to this Private Placement in accordance with the policies of the TSX Venture Exchange.
The Proceeds of the offering will be used for the development of the new sensor technology under exclusive license to the Company. The Private
Placement is subject to the approval of the TSX Venture Exchange.
About AirTest: AirTest Technologies (www.airtest.com) is a Green-Tech company specializing in sensors that improve commercial
building operating efficiency and at the same time create energy savings. These sensors are all based on technical innovations developed in the last
ten years, and comprise a growing second wave of energy saving technologies that will make a significant contribution to the Sustainable Buildings
Program. AirTest offers its products to leading-edge building owners, contractors targeting the buildings market. AirTest also solutions to building
equipment and controls and energy service companies provides energy cost reduction manufacturers who incorporate AirTest sensor components in their
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
For further information, please contact:
Mr. George Graham, President
Phone: (604) 517 3888
Fax: (604) 517 3900
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.