February 28, 2006
ATI AirTest Technologies Inc.
TSX Venture Symbol (AAT)
AIRTEST ANNOUNCES FINANCING
Vancouver B.C.: Mr. George Graham, the President of ATI AirTest Technologies Inc. (“AirTest”), a leading provider of sensor technologies for building applications, is pleased to announce a private investor has agreed to provide a demand loan to the
Company in the amount of $250,000 in Canadian funds. The loan is for a term of four months and will pay interest at a rate of 15% per annum. The Company will also issue bonus shares equal to 20% of the value of the financing based on the trading price at the time of placement, or at $0.10, whichever is greater.
The transaction is arms length and is subject to the approval of the TSX Venture Exchange.
The funds will be used for working capital purposes.
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 does not accept responsibility for the adequacy or accuracy of this