Continental Announces Amendment To Private Placement And Appointments To The Board Of Directors.TORONTO -- Private Placement of Units Continental Cash Technology Corporation (the "Company")(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. ) announced today that further to its News Release dated June 10, 2004 the Company has decided to extend the Closing Date of its Private Placement of Units from July 30, 2004 to August 23, 2004. The Company plans to raise up to $150,000 under a non-brokered placement of Units. Units are priced at $0.12 and consist of one common share and one common share purchase warrant exercisable at $0.15 for a period of two years from closing. Proceeds from the private placement will be used for general working capital purposes. Board of Director Appointments The Company is pleased to announce the addition of two members to the Board of Directors. Joining the Board of Directors are Mr. Kerry D. Smith BSc MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration , President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of HMZ Metals Inc.; a producing mining company and Mr. Gilles Laverdiere BSc. Vice-Chairman and Chief Executive Officer also of HMZ Metals Inc. "Mr. Smith and Mr. Laverdiere have long standing securities industry and public company experience and are a welcome addition to the Board" said Birks Bovaird, President of Continental Cash Technologies Corp. About Continental Cash Technologies Corporation 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 through its line of "Break Open Tickets". Share Price: $0.12 (July 8/04) Shares Outstanding 5,873,260 |
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