January 15, 2014. Guelph, Ontario. ENPAR Technologies Inc. (TSX:ENP) ("ENPAR" or "the Company") announces that, effective today, the Company has appointed Tangent Management Corp. (www.tangentmanagementcorp.com) of Vancouver to provide investor relations services.
Tangent will assist in formulating plans and budgets for the enhancement of the Company's image and the distribution of information concerning the Company to existing shareholders, brokerage firms, and registered representatives, institutional investors, fund managers, securities analysts, potential investors who have contacted the Company seeking such information, the media and others as appropriate
Pursuant to TSX Venture Exchange Policy 1.1, the relationship between ENPAR and Tangent meets the "Arm's Length" definition. The initial term of the agreement between the parties has been established at 6 months.
The agreement stipulates that ENPAR will pay a monthly fee of $7,500CAD (plus applicable taxes) for the first three months and $5,000 for the remaining three months of the initial term. The Board of Directors of the Company will grant to Tangent 200,000 incentive stock options to acquire common shares at an exercise price of $0.10. The options will be vested at six month intervals over a period of eighteen months with an exercise termination date of two years from the date of grant.
ENPAR is a "Technology Company" applying its patented and proprietary "Electrochemical Technologies" to the treatment of waste water and drinking water contaminated by metals or nutrients i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. The common shares trade on Tier ll of the TSX Venture Exchange under the symbol "ENP".
The TSX venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Dr. Gene Shelp, President and CEO.
Tel: (519) 836-6155
Fax: (519) 836-5683
E-mail: [email protected]
Web Site: www.enpar-tech.com
70 Southgate Drive, Unit 4, Guelph, ON, CANADA N1G 4P5
Forward Looking Statements
This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause ENPAR Technologies Inc. results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Certain statements contained in this press release and in certain documents incorporated by reference into this press release constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and "confident" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. ENPAR believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this press release should not be unduly relied upon. These statements speak only as of the date of this press release. ENPAR undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.