Vancouver, BC, April 12, 2022 – ATI Airtest Technologies Inc. (TSXV: AAT, OTC: AATGF) (“ATI” or the “Company”) announces that further to its news release dated March 30, 2022, it wishes to provide additional details concerning its consulting agreement with Robert Ferri Partners, LLC (“RF Partners”) whereby RF Partners agreed to provide investor relations services to the Company.
RF Partners is a California-based strategic advisory group that provides investor relations, reputation management, corporate transition and research services to selected public and private companies. RF Partners has agreed to assist the Company in scheduling presentations to qualified investors, develop key investment messaging, provide support for quarterly earnings reporting, fielding and assisting with investor inquiries, assisting with material news announcements and providing ongoing advice. The principal of RF Partners is Robert Ferri.
The consulting agreement (the “Consulting Agreement”) with RF Partners is for a twelve-month term commencing March 14, 2022 and provides for an automatic renewal for an additional twelve-month term unless either party gives notice that it does not wish to renew within 30 days prior to the end of the first twelve-month term. As compensation for its services, RF Partners is to receive acash fee of USD$19,500 for the first three-months of the term beginning March 14, 2022, and USD$15,900 for each subsequent three-month period, beginning June 14, 2022, September 14, 2022, and December 14, 2022, respectively. Each payment will be due and payable on the above-cited first day of each three-month period. In addition, RF Partners is to receive an option to purchase 120,000 shares of the Company at an exercise price of five cents ($0.05) for a term of three years, vesting quarterly in four equal installments of 30,000 shares every three months (the “Stock Options”).
On March 24, 2022, the Company granted the Stock Options to RF Partners on the terms contemplated in the Consulting Agreement. The Consulting Agreement and the grant of the Stock Options are subject to acceptance by the TSX Venture Exchange.
Robert Ferri does not have any interest, directly or indirectly in the Issuer or its securities, or any right or intent to acquire such an interest in addition to the grant of incentive stock options.
About ATI: AirTest Technologies Inc. is a green-tech Internet-of-things company with proprietary sensor technologies that drive proven energy savings while simultaneously improving air control and quality in commercial and government structures. Over the past decade, Airtest has installed thousands of wired systems in major chains such as Canadian Tire, Walmart, Shoppers Drug Mart and enclosed parkades. The company is now launching a new line of wireless technologies with improved capabilities and dynamics, which will reduce carbon emissions, increase air quality in a COVID-19 environment, and provide attractive energy and cost savings.
For further information, please contact:
Ted Konyi, CEO
Phone: (208) 629 8397
Fax :(604) 517 3900
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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