|June 21, 2001
ATI Airtest Technologies Inc. (CDNX Symbol AAT)
Airtest Announces Financing
Vancouver: Mr. George Graham the President of ATI Airtest Technologies
would like to announce the Company is in the process of completing
arrangements for unsecured loans of up to $750,000 CDN, from up
to 10 parties. The funds would be used for working capital purposes.
In connection with these loans, the Company will be issuing bonus
shares equal to 20% of the value of the loan .The bonus shares would
be issued at the current trading price of 15 cents.
Interest on the loans is at Royal Bank prime plus 1%, which will
be serviced out of general revenues. The lenders are either arm's
length non-shareholders or persons who would own less than 5% of
the Company's shares.
The bonus shares have been conditionally approved by the CDNX,
pending receipt of the finalized loan documents.
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.