AirTest Technologies Inc. announces exercise of warrants
DELTA, BC, October 20, 2021 – AirTest Technologies Inc. (“AirTest” or the “Company”) (TSXV: AAT, OTC: AATGF) 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 aSeptember 2020 Private Placement financing with a total of 25,000,000 warrants exercisable at $.05 pershare. The current exercises have reduced the remaining warrantsto be exercised to 11,900,000 warrants.These funds have been earmarked for inventory purchases and general working capital. The Companywishes 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 retailersfor 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. AirTestsolutions provide data on levels of Indoor Air Quality required by Schools, Retail Stores and Offices
For further information, please contact:
Mr. George Graham, President
Phone: (604) 517 3888
Fax :(604) 517 3900
Email: ggraham@airtest.com
Website: www.airtest.com
Or
Investor Relations Contact
Jeff Walker
Vice President
The Howard Group Inc.
Email: jeff@howardgroupinc.com
Tel: 403-221-0915
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 wordssuch as “expect”, “anticipate”, “intend”, “plan”, “believe”, “estimate” and wordsof similar meaning. Forward‐looking statements are based on management’s current expectations and assumptions and they are subject to risksthat may cause actual resultsto differ materially from those expressed or implied by such forward looking statements. Forward‐looking statements in this newsrelease include those concerning the Company’s belief in the energy savingsthat can be achieved through installation of the Company’sproducts 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 anticipatedinclude the availability of working capital, risks inherent in product development, as well as market factors that may increase costs or time tomarket. 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.
Neither the 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
