Cenit Corporation Announces First Appointment to Advisory Board and Option Grant.TORONTO -- Cenit Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CNT (Carbon NanoTube) See nanotube. ) Advisory Board and Option Grant Cenit Corporation ("the Company") is pleased to announce the formation of an Advisory Board to identify and review acquisition opportunities. In light of recently announced Letters of Intent the Company has formed an Advisory Board to review IT related acquisitions and initiatives. In this regard Mr. Tony Small has agreed to become the initial member of this board. Mr. Tony Small is currently a Partner of an International Executive Search firm and has over 20 years experience in the IT and Manufacturing industries manufacturing industries npl → industrias fpl manufactureras manufacturing industries npl → industries fpl de transformation previously having served as Senior Partner of a Global consulting organization, Deloitte Consulting, where he worked with prestigious companies such as General Motors, Honda, Nissan, Nortel, CAE (1) (Computer-Aided Engineering) Software that analyzes designs which have been created in the computer or that have been created elsewhere and entered into the computer. , Newbridge, Falconbridge and Glaxo. As part of these initiatives Mr. Small built alliances with a variety of software, hardware and services organizations in order to market and deliver customer oriented solutions. In connection with the above the Company has granted subject to Exchange approval, 100,000 Options to purchase common shares of the Company to Mr. Tony Small. The Options have an exercise price of $0.16 per Share and will expire on May 31, 2010. J. Birks Bovaird, President of Cenit Corporation said: "Tony's ability to leverage relationships, partnerships and other forms of organizational collaboration is key to the future success of businesses both small and large. We look forward to having the benefit of Tony's experience as we move forward with our business plan". Shares for Debt The Company is pleased to announce it has received 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. approval for the issuance of 412,000 common shares pursuant to the conversion of $103,000 of principal and interest at the rate of $0.25 per share which shares will be subject to a four month hold period. About Continental Cash Technologies Corp. The Company operates two subsidiary companies; Continental Asset Management Inc. (CAM) and Health Promotions Strategies Inc. (HPSI HPSI High Pressure Safety Injection HPSI Human-Ported System Interface ). CAM operates white label Automated Teller and Point of Sale Machines and is a preferred supplier of Ingenico Canada Ltd.; a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of one of the world's largest manufacturers of debit and credit point of sale systems hardware. HPSI is a registered gaming equipment supplier providing fundraising services to 150 charitable organizations This article is about charitable organizations. For other uses of the word charity, see Charity. A charitable organization (also known as a charity) is an organization with charitable purposes only. through the distribution of the "Break Open Tickets" line of charity lottery tickets. Share Price: $0.21 (May 27, 2005) Shares Outstanding: 13,742,594 "The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release" Cenit Corporation (TSX VENTURE:CNT) |
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