|By Marketwired .||
|July 7, 2014 01:32 PM EDT||
VANCOUVER, BRITISH COLUMBIA and DOWNERS GROVE, ILLINOIS -- (Marketwired) -- 07/07/14 -- Kelso Technologies Inc. (the "Company" or "Kelso") (TSX:KLS)(OTCQX:KEOSF) -
The Company reports that it has granted a stock option for 100,000 common shares to a new executive manager of the Company as part of his compensation agreement. The option is exercisable at $6.25 per common share. The option vests immediately and is exercisable at any time until July 7, 2019.
About Kelso Technologies
Kelso is a railroad equipment supplier that produces and sells proprietary tank car service equipment used in the safe loading, unloading and containment of hazardous materials during transport. Products are specifically designed to provide economic and operational advantages while reducing the potential effects of human error and environmental harm during the transport of hazardous materials.
For a more complete business and financial profile of the Company, the finncials statements and management discussion and analysis can be viewed in their entirety on the Company's website at www.kelsotech.com or www.sedar.com.
On behalf of the Board of Directors,
James R. Bond, CEO and President
Legal Notice Regarding Forward-Looking Statements: This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements in this news release include that the grant of option provides additional key executive management for a period of five years. Kelso is reliant on certain key employees who may leave the Company and we may be unable to protect or defend our intellectual property and business model. Investors are cautioned against placing undue reliance on forward-looking statements. We assume no responsibility to update these forward looking statements except to the extent required by law.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.