CALGARY, ALBERTA -- (Marketwire) -- 04/01/13 -- CEMATRIX Corporation (TSX VENTURE: CVX) (the "Corporation" or "CEMATRIX") is pleased to announce that it has, subject to all required regulatory approvals, including the approval of the TSX Venture Exchange Inc. (the "Exchange"), retained The Howard Group Inc. (the "Howard Group") as its investor relations and financial services advisor, pursuant to an agreement (the "Agreement") entered into between the parties on April 1, 2013.
Since 1988, the Howard Group has provided comprehensive investor and financial relations, business development solutions, in-depth strategic planning and financing services to public companies. The Howard Group is associated with the Insight Limited Partnerships I & II, which invest in micro and small cap companies. The Howard Group is associated with Insight Limited Partnership II, which invests in micro and small cap companies. Members of The Howard Group and Insight Limited Partnership II are shareholders in CEMATRIX.
Pursuant to the Agreement, The Howard Group, who have been associated with the Corporation since 2010, has been retained by the Corporation for a period of twelve months from April 1, 2013 and will be responsible for, among other matters, the dissemination of corporate data packages, broker presentations, broker communications, organizing conference calls with the investment community, handling shareholder enquiries regarding the Corporation. The Howard Group will receive remuneration in the amount of $7,000 per month and will be reimbursed for all approved expenses. In addition, pursuant to the Agreement the Corporation could incur additional fees for design of communication materials and other contract work. The Agreement also provides for the issuance of stock options for 300,000 common shares of the Corporation, with an exercise price of $0.15, which shall vest at the rate of 25% per quarter from April 1, 2013, and expire on April 1, 2016. The Agreement may be terminated by either party upon 30 days notice.
Forward-looking information: This news release contains certain information that is forward looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", expect", "would' or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries' future financial and operations plans and outlook. All forward looking statements reflect CEMATRIX's beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation to update or revise forward looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX's Management Discussion and Analysis dated March 14, 2013 under CEMATRIX's profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.
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.
President and Chief Executive Officer
The Howard Group
(888) 221-0915 or (403) 221-0915
Most Popular Stories
- 5 Notable Hispanic Technology Executives
- Top Hispanic Tech Companies Push for the Top
- Visa, MasterCard Team Up to Focus on Payment Security
- Russia, Crimea Discuss Referendum
- China Urges Malaysia Flight Emergency Response
- Taco Bell Rings Up Breakfast Menu
- Sunday Starts Daylight Saving Time
- For Obama, a Last Stab at Improving Ties with Capitol Hill
- Three Americans on Missing Malaysia Airlines Plane: State Department
- California Establishes Center for Coffee Study