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.
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