AirTest Technologies Inc. Announces Exercise of Warrants
Delta, British Columbia--(Newsfile Corp. - October 20, 2021) - AirTest Technologies Inc. (TSXV: AAT) (OTC Pink: AATGF) ("AirTest" or the "Company") CEO Ted Konyi is very pleased to announce that the Company has received $655,000 from shareholders exercising 13,100,000 warrants at $.05 per share. The original warrants were part of a September 2020 Private Placement financing with a total of 25,000,000 warrants exercisable at $.05 per share. The current exercises have reduced the remaining warrants to be exercised to 11,900,000 warrants. These funds have been earmarked for inventory purchases and general working capital. The Company wishes to thank these shareholders for their continued support of the Company.
Ted Konyi commented, "it's great to have such strong support from a core group of shareholders. Current sales and marketing activity has increased and the Company hopes to complete discussions with several multi-site retailers for initial pilot projects. Funds generated through these warrant exercises will facilitate execution of installations and further marketing efforts."
About AirTest: AirTest Technologies is a Green-Tech company specializing in Demand Control Ventilation systems that improve commercial building operating efficiency and generate proven energy savings. The Company has developed new wireless sensors with dynamic real-time communication and control technologies, which builds upon ten years of experience and thousands of installations amongst clients such as Lowe's, Shoppers Drug Mart and Ikea. AirTest solutions provide data on levels of Indoor Air Quality required by Schools, Retail Stores and Offices.
For further information, please contact:
Mr. George Graham, President
Investor Relations Contact
The Howard Group Inc.
Toll Free: 1-888-221-0915
Legal Notice Regarding Forward-Looking Statements
This news release contains "forward looking statements". Forward-looking statements are projections of financial performance or future events. Forward-looking statements can be identified by the use of words such as "expect", "anticipate", "intend", "plan", "believe", "estimate" and words of similar meaning. Forward-looking statements are based on management's current expectations and assumptions and they are subject to risks that may cause actual results to differ materially from those expressed or implied by such forward looking statements. Forward-looking statements in this news release include those concerning the Company's belief in the energy savings that can be achieved through installation of the Company's products and that these installations lead to reduced maintenance, downtime expenses, future cost savings, and improvements in the bottom line. These statements are subject to risks that may cause the actual results to be materially different in future periods from those expressed or implied by such forward looking statements. Risks that may prevent or delay the forward-looking statements from coming to fruition as anticipated include the availability of working capital, risks inherent in product development, as well as market factors that may increase costs or time to market. It is our policy not to update forward looking statements except to the extent required under applicable securities laws. Further information on the Company is available at www.sedar.com or at the Company's website, www.airtest.com.
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