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CALGARY, ALBERTA--(Marketwired - Mar 21, 2016) - CEMATRIX Corporation (TSX VENTURE:CVX) (the "Corporation" or "CEMATRIX") is pleased to announce that it has extended its agreement with The Howard Group Inc. (the "Howard Group"), as its investor relation and financial services advisor for an additional eighteen (18) month period effective April 1, 2016.
Since 1988, the Howard Group has provided comprehensive investor and financial relations, business development solutions, in-depth strategic planning and financing services to public companies. The Howard Group, who has been associated with the Corporation since 2010, has been retained by the Corporation for an additional period of eighteen (18) months from April 1, 2016. The Howard Group will be responsible for, among other matters, the dissemination of corporate data packages, broker presentations, broker communications, organizing conference calls with the investment community and handling shareholder enquiries regarding the Corporation. The Howard Group maintains and distributes an ongoing investor commentary on behalf of CEMATRIX, to access visit - https://howardgroupinc.com/howard-group-blog/.
The Howard Group will receive remuneration in the amount of $6,000 per month, rising to $7,000 per month upon satisfaction of certain milestones, as well as approved expenses and any additional fees incurred for design of communication materials and other contract work. The agreement also provides for the issuance of 300,000 stock options with an exercise price of $0.40 expiring March 18, 2019, which options shall vest at a rate of 50% twelve months after issuance, 25% eighteen months after issuance and 25% twenty four months after issuance. The Howard Group recently exercised 300,000 stock options previously granted by the Corporation.
CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a manufacturer and supplier of technologically advanced cellular concrete products with applications in a variety of markets including oil and gas construction and infrastructure construction. Cellular concrete provides a cost and labour saving solution for various construction applications. Applications for cellular concrete include tunnel grouting; bridge abutment and retaining wall backfill; insulation of shallow utilities, roads and runways; insulation and/or structural foundations for tank bases and facilities; and as a floating base over weak and unstable or seismic prone soils, for roads and other types of infrastructure.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
President and Chief Executive Officer
The Howard Group
(888) 221-0915 or (403) 221-0915