GUELPH, ON, Nov. 6 /CNW/ - ENPAR Technologies Inc. (TSX-V: ENP) ("ENPAR" or the Company), is pleased to announce that it has engaged SC Studer Consulting AG to provide investor relations services for the Company in Europe. In connection with the engagement, the Company has entered into a six month consulting agreement commencing November 1, 2007 whereby SC Studer Consulting AG will receive a total fee of Swiss Francs (CHF) 18,000. SC Studer Consulting AG will also be reimbursed for certain expenses incurred in connection with providing such services.
In addition, the Company has agreed to grant Marlies Studer, the principal of SC Studer Consulting AG, an option to purchase 100,000 common shares of the Company at an exercise price of $0.45 per share. The options will have a two (2) year term and will vest in accordance with the policies of the TSX Venture Exchange (the "Exchange"). Neither Ms. Studer nor SC Studer Consulting AG holds any interest, directly or indirectly, in ENPAR or its securities.
Ms. Studer has a background in the fields of banking, portfolio management, and public relations. From 2002 to 2004, she was involved in investor relations activities in connection with financings of United States-based mid cap and small cap companies. In January 2005, Ms. Studer founded SC Studer Consulting AG and has been an investor and public relations representative for various international clients since that time. SC Studer Consulting AG is located in Zurich, Switzerland.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
ENPAR is a "Technology Company" applying its patented and proprietary "Electrochemical Technologies" to the treatment of waste water and drinking water contaminated by metals or nutrients i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. The common shares trade on Tier ll of the TSX Venture Exchange under the symbol "ENP".
This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause ENPAR Technologies Inc. results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof.