Business
EnWave Engages European Investor Relations Firm
June 3 2008 - EnWave Corporation (TSX-V: ENW) ("EnWave", or the "Company"), has engaged the servi...
About this update from Enwave Corporation
[{"type":"text","content":"EnWave Engages European Investor Relations Firm\n\n\nJune 3 2008 - EnWave Corporation (TSX-V: ENW) (\"EnWave\", or the \"Company\"), has engaged the services of AXINO AG (\"AXINO\") of Stuttgart, Germany to undertake investor relations activities for the Company in Germany and other European countries. AXINO is an investor relations agency providing a wide range of services to companies to help broaden investor exposure, develop a shareholder following and identify financing opportunities in the European financial markets.\n\nAXINO will assist with the coordination and dissemination of Company news and information to European brokers and brokerage houses, and will work to provide EnWave with introductions to interested European investors through newsletters and the media. AXINO will also develop and maintain a German-language website for EnWave, and support EnWave's current listing on the Frankfurt Stock Exchange under the symbol E4U.\n\nJohn McNicol, President and Co-CEO of EnWave, stated that \"the appointment of AXINO to assist the Company with our European investor relations activities will provide EnWave with new momentum in shareholder activity. AXINO is an established and successful group of investor relations professionals, and I am confident that their work will complement our mission of establishing Radiant Energy Vacuum technology as an industry standard in the global market place.\"\n\nThe agreement with AXINO has an initial term of six months from this date, and the Company has granted 200,000 incentive stock options to AXINO at an exercise price of $0.38 for a period of five years, subject to regulatory approvals and applicable securities laws under the terms of the stock option agreement as set forth by the Company. The options will have a four month hold as required by TSX Venture Exchange policies and securities law, and will vest in equal parts every three months over a period of one year. AXINO will also receive monthly payments of €2,500, along with pre-approved expenses. Except for the foregoing, AXINO does not hold any interest, directly or indirectly, in EnWave or its securities, or any right or intent to acquire such an interest.\n\nEnWave has also approved the issuance of 100,000 incentive stock options pursuant to the Company's Stock Option Plan, at an exercise price of $0.38 for a period of five...