NovaTeqni Arranges Loan

October 14, 2015 6:40 PM EDT | Source: NovaTeqni Corporation

Calgary, Alberta--(Newsfile Corp. - October 14, 2015) - NovaTeqni Corporation (TSXV: NTQ) ("NovaTeqni" or the "Corporation") announces that it has arranged a loan for its Chief Executive Officer, Gerhard Mynhardt. The Corporation has advanced CDN$250,000 (the "Loan") to Mr. Myhardt to assist him with his home relocation from South Africa to the United States. The Loan bears interest at a rate of 5% per annum and is repayable on or before October 14, 2016. As security for repayment of the Loan, Mr. Mynhardt's wholly owned company, NovaMeric Pty Ltd. has pledged 10,000,000 common shares of the Corporation until the Loan and all interest and any other amounts payable under the Loan are paid in full to the Corporation. The terms of the Loan have been accepted by the TSX Venture Exchange.

About Novateqni

NovaTeqni is a technology based company that is focusing on biometrics and secure payment technologies. Using its management experience and developed intellectual property, NovaTeqni provides solutions and products for voter validation, voter registration, financial transactions and biometric solutions. Using the its platform of products, NovaTeqni can provide clients with custom solutions for their particular industry. NovaTeqni has corporate offices in Calgary, Alberta, sales offices in Norfolk, Virginia, development in Johannesburg, South Africa and manufacturing in Hong Kong.

For further information, please contact Gerhard Mynhardt, Chief Executive Officer of the Corporation, by email at info@novateqni.com.

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