TORONTO -- HydraLogic Systems Inc. (TSXV: HLS
Effective immediately, CHF will provide comprehensive investor relations and market-making services for an initial period of twelve months, subject to a satisfactory performance review at the six-month mark. After November 30, 2009, services may continue on an open-ended basis whereby cancellation by either party requires two months' notice. CHF will be paid a monthly fee of $6,000 plus allowable disbursements. Additionally, subject to regulatory approval and applicable vesting rules, HydraLogic has agreed to grant incentive stock options to CHF in the amount of 225,000 options at an exercise price of $0.10 per share and 225,000 options at an exercise price of $0.30 per share upon engagement.
Mr. Michael Beckley, President & CEO, commented, "The addition of CHF to our team enhances and expands our communication to the investment community and our shareholders. In these challenging market conditions, it is important for us to engage new investors. The Company has attainable targets for growth and our product lines continue to stand amongst the top solutions available today. CHF's longstanding IR proficiency will propel us on a track to build awareness of our Company and add to our shareholder base."
CHF does not currently own any shares of HydraLogic.
About CHF Investor Relations
CHF's effective role is acting as a public company's outsourced, low-cost equivalent to an internal investor relations department. CHF serves an international portfolio of TSX/Venture-listed companies and others seeking to list on North American Exchanges, that operate in a broad range of industries including high-tech, industrial and business solutions, niche financial products, oil & gas, mining exploration and producers, telecommunications, and "green" companies. The depth of capital market experience is formidable dating back to the late 1970's. CHF's head office is in Toronto, with another Canadian office in Calgary; as well as branch offices in New York, USA; Sao Paulo, Brazil; and Shanghai, China.
About HydraLogic Systems Inc.
HydraLogic blends proprietary environmental formulations and manufactures misting systems for product application that together serve the multi-billion dollar mosquito and odour control sectors in the U.S., Canada and 12 other countries. Through its Bug DeFence (www.bugdefence.com) and HLS Ecolo (www.hlsecolo.com) distribution and service businesses, the Company is a leader in providing profitable revenue-generating platforms applicable to many markets around the globe. HydraLogic Systems Inc. is listed for trading on the TSX Venture Exchange - symbol: HLS.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Forward-Looking Statements This press release contains certain "forward-looking statements". These statements relate to future events or future performance and reflect expectations and belief regarding growth, results of operations, performance, business prospects, opportunities or industry performance and trends. These forward-looking statements reflect current internal projections, expectations or beliefs and are based on information currently available. A number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking statements. Although it is believed that the forward-looking statements contained in this press release are based upon reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and HydraLogic Systems Inc. assumes no obligation to update or revise them to reflect new events or circumstances, except as required pursuant to applicable securities laws.
SOURCE: HydraLogic Systems Inc.
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