DELTA, BC, Oct. 11, 2011 /PRNewswire/ - AirTest Technologies
(TSXV: AAT) (the "Company") is pleased to announce that, effective
at the opening of trading on the TSX Venture Exchange tomorrow
morning, it will have completed a consolidation of its share
capital on a one for six basis, consolidating its 122,593,060
currently outstanding common shares to 20,432,177 following the
consolidation. Shareholder authorization to effect the share
consolidation was approved at the Company's Annual and Special
General Meeting held on September 28,
2010, and the consolidation has been accepted by the TSX
Venture Exchange. The Company's name and trading
symbol will remain the same. The Company's new CUSIP/ISIN numbers
are CUSIP 00208E208 / ISIN CA00208E2087.
The consolidation is being effected to enable a financing by
private placement that will be announced shortly after the
effective date of the consolidation. All registered shareholders of
the Company who wish to obtain a new share certificate will be
required to send their certificates representing pre-consolidation
common shares with a properly executed letter of transmittal to the
Company's transfer agent, Computershare Investor Services Inc., in
accordance with the instructions provided in the letter of
transmittal. Copies of the letter of transmittal can be
obtained through Computershare Investor Services Inc. or from the
Company's website. All shareholders who duly complete letters
of transmittal will receive post-consolidation common share
certificates. No certificates representing fractional
post-consolidation common shares will be issued pursuant to the
consolidation.
About AirTest: AirTest Technologies
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 and energy service companies targeting the buildings
market. AirTest also provides energy cost reduction solutions
to building equipment and controls manufacturers who incorporate
AirTest sensor components in their products.
For more information about AirTest's
contribution to the Green Buildings initiative, please contact
George Graham at 604-517-3888 or
visit the AirTest website at www.AirTestTechnologies.com.
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 TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this
release.
SOURCE AirTest Technologies Inc.