|By Marketwired .||
|June 2, 2014 01:01 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/02/14 -- ACT360 Solutions Ltd. (TSX VENTURE:AKM) (the "Company" or "ACT360 Solutions"), a provider of Internet-based testing and international marketing programs for higher education, announced it has appointed Momentum Public Relations Inc. ("Momentum") as a provider of investor relations services.
Vincent Wong, CEO of ACT360 Solutions, stated, "As the Company executes its growth strategy, both organically and via mergers and acquisitions, Momentum will assist in informing shareholders and the investment community of the progress we are making."
Momentum is based in Montreal, Canada and was founded in 2008 by President and CEO, Maxence Gagne-Godbout. Momentum specializes in launching targeted awareness campaigns for small and medium-sized public companies. Momentum aims to provide value to those who use its services through effective campaigning, careful client selection and timely dissemination of investor information.
Momentum has been retained until May 2015 and will assist in the development of presentations and fact sheets, and maintain the Company's contact database of individual investors and retail brokers. Momentum and the principals of Momentum own zero shares of ACT360 Solutions.
Beginning June 1, 2014, under the terms of the investor relations agreement, Momentum will receive monthly remuneration in the amount of $1,000. Subject to the approval of the TSX Venture Exchange, the agreement also provides for the issuance of 200,000 common share stock options of the Company. The options expire one year after issued and are exercisable at $0.15 per common share. Vesting provisions provide that 25% of the total stock option issued to Momentum vest every three months over the first year of the agreement. The agreement may be cancelled with 30 days written notice and all unexercised stock options upon termination of the agreement would immediately terminate. The stock options are subject to a four month hold period.
The Momentum investor relations agreement and the issuance of stock options are subject to TSX Venture Exchange approval.
About ACT360 Solutions Ltd.
ACT360 Solutions helps colleges and universities qualify and recruit international students. We are committed to assisting students from South America, Europe, Africa, the Middle East, and Asia achieve their study abroad goals.
About Momentum Public Relations Inc.
Momentum's diverse team of professionals bring over 75 years of combined experience and have a proven track record of success. With a specialization in corporate communication and added value services, Momentum PR is well positioned to small and medium sized public companies.
FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding revenue estimates and future plans and objectives of ACT360 Solutions Ltd. - are forward-looking statements that are subject to various risks and uncertainties. Forward-looking statements are based on current expectations and analyses, including the effects of anticipated product, service, and distribution changes and the potential benefits of such efforts and activities on the Company's results of operations in future periods. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.
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.