November 1, 2002
ATI Airtest Technologies Inc. (CDNX Symbol AAT)
AIRTEST ANNOUNCES PRIVATE PLACEMENT
[Vancouver British Columbia] Mr. George Graham the President of
ATI AirTest Technologies Inc.("AirTest"), a leading provider
of sensor technologies for building applications would like to announce
the offering of a private placement of 1,600,000 units, priced at
$0.15 per unit.Each unit will consist of one share and one non-transferable
share purchase warrant. Each warrant will entitle the holder to
purchase one additional common share for a term of 180 days, from
the date the payment for the units is received by the company, at
a price of $0.23 per share. 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
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.