August 20, 2002
ATI Airtest Technologies Inc. (CDNX Symbol AAT)
AIRTEST RESTRUCTURES DEBT
[Vancouver British Columbia] Mr. George Graham the President of
ATI AirTest Technologies Inc. is pleased to announce that a number
of private investors who loaned the company $600,000 in June of
2001, have agreed to convert their unsecured loans to equity. The
conversion will result in the issuance of 1,200,000 additional shares
based on a price of $.50 per share. The conversion is subject to
the approval of the TSX Venture Exchange.
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 Canadian Venture
Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
For further information, please contact:
Georgia West Management Inc.
Phone: (604) 868 1000
Toll Free: (877) 868 1001
The Canadian Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.