TORONTO, Feb. 10 /CNW/ - Jite Technologies Inc. ("Jite" or the "Company") (TSXV: JTI) announces that it fulfilled a normal course issuer bid (the
"Bid") pursuant to which Jite purchased the maximum of 1,000,000 common
shares in the capital of Jite (the "Shares"), representing
approximately 4.75% of its 21,073,613 issued and outstanding common
shares as at September 20, 2010. See press release dated September 22,
All Shares purchased pursuant to the Bid have been or will be cancelled
and returned to treasury.
JITE designs and manufactures electronic and electrical connection
devices for security, industrial control, automation,
telecommunication, and power supply industries. JITE is head quartered
in Toronto, Canada and carries out research and manufacturing
operations in Shenzhen China at its ISO 9001 certified facility. For
more information, visit JITE at www.jite.com.
This press release contains forward-looking statements which reflect the
Corporation's current expectations regarding future events. The
forward-looking statements involve risks and uncertainties. Actual
results could differ materially from those projected herein. Although
we believe that our expectations are based on reasonable assumptions,
we can give no assurance that our expectations will materialize.
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
SOURCE JITE Technologies Inc.
For further information:
|TEL: (416) 298-6447 |
FAX: (416) 298-0244
|Winfield Ding, CFO, or (416) 366-7420 eXavier Peterson, investor relations|
Jite Technologies Inc.