Active Control Announces Appointment Of New Investor Relations Consultant.TORONTO -- Active Control Technology Inc. (the "Corporation")(TSX TSX Toronto Stock Exchange (TSE before April, 2002)TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ACT) is pleased to announce the appointment of Mr. Blair Naughty as its new Investor Relations Investor relations The process by which the corporation communicates with its investors. Consultant. Mr. Naughty brings 17 years of experience in the securities industry as an institutional trader, market maker and head trader at a mutual fund. He has held positions at Midland Doherty, Sprott Securities, Yorkton Securities and Infinity Mutual funds. In the last seven years Mr. Naughty has been supplying management advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to several publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. and has assisted them in their financing and strategic needs. The Corporation has signed a twelve month consulting agreement with Mr. Naughty to provide the company with Investor Relations Services at a rate of $4,000 plus G.S.T. per month plus a signing bonus A signing bonus or sign-on bonus is a sum of money paid to a new employee by a company as an incentive to join that company. These are often given as a way of making a compensation package more attractive to the employee e.g. if the annual salary is lower than they desire. of $4,000. Mr. Naughty will be offering advice to management on a variety of issues, including the structuring of anticipated financings and he will offer services that include corporate communications, public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most and investor relations. Mr. Naughty will be granted options equal to 2% of the outstanding shares. These options will vest quarterly over the next year and will be exercisable at $0.10 per share for a period of two years. In addition, to the compensation to be paid to Mr. Naughty, the Corporation has agreed to retain Kcrew Communications Inc., a company dealing at arm's-length with Mr. Naughty, to provide additional marketing services to the Corporation at a cost of $5,500 plus G.S.T. per quarter. The transactions set out herein are subject to approval from the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. . Active Control Technology Inc. designs and markets wireless radio frequency (RF) devices for the commercial security and access control industries in North America. Located in Mississauga, Ontario in Canada, the company trades publicly on the TSX Venture Exchange under the symbol ACT. We make RF work.(TM) The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. Active Control Technology Inc. (TSX VENTURE:ACT) |
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