April 8, 2004
ATI AirTest Technologies Inc.
TSX Venture Symbol (AAT)
ATI AIRTEST ANNOUNCES PRIVATE PLACEMENT
Vancouver: Mr. George Graham, the President of ATI AirTest Technologies Inc. (“AirTest”), a provider of sensor technologies for building applications, would like to announce the offering of a non brokered private placement for securities in the amount of $450,000.00 (Cdn).
The issue will consist of 3,000,000 units priced at $0.15 per unit. Each unit consists of one common share in the capital of the Company and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional
common share of the Company at a price of $0.23 for a period of 1 year from the closing of the private placement.
The Company shall rely on the “Accredited Investor Exemption” and therefore will not be preparing an offering document.
Proceeds from the private placement will be used for general working capital. No finders fee is payable.
The private placement 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.
For further information, please contact:
Mr. George Graham
Phone: (604) 517 3888
Fax : (604) 517 3900
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy
or accuracy of this release.