CALGARY, ALBERTA--(Marketwire - Feb. 5, 2010) - CEMATRIX Corporation (TSX VENTURE:CVX) (the "Corporation" or "CEMATRIX") is pleased to announce that it has, subject to all required regulatory approvals, including the approval of the TSX Venture Exchange Inc. (the "Exchange"), retained The Howard Group Inc. (the "Howard Group") as its investor relations and financial services advisor, pursuant to an agreement (the "Agreement") entered into between the parties effective February 1, 2010.
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 is associated with the Insight Limited Partnerships I & II, which invest in micro and small cap companies. The Howard Group does not have any interest in CEMATRIX, directly or indirectly, or any right or intention to acquire an interest at this time.
Pursuant to the Agreement, the Howard Group has been retained by the Corporation for a period of eighteen months, and will be responsible for, among other matters, the dissemination of corporate data packages, broker presentations, broker communications, organizing conference calls with the investment community, handling shareholder enquiries regarding the Corporation. The Howard Group will receive remuneration in the amount of $7,000 per month and will be reimbursed for all approved expenses. In addition, pursuant to the Agreement the Corporation could incur additional fees for design of communication materials and other contract work.
In addition, and subject to Exchange approval, the Corporation has agreed to grant stock options (the "Options") to the Howard Group enabling it to acquire 300,000 common shares in the capital of the Corporation at an exercise price of $0.12. The Options shall vest as to one quarter every three months from the date of grant and expire three years from the date of grant.
