Novik Inc. appoints Milton Capital Partners for investor communications

QUEBEC CITY, Sept. 12, 2011 /CNW Telbec/ - Mr. Michel Gaudreau, President & CEO of Novik Inc. (TSXV: NVK) is pleased to announce the engagement of Milton Capital Partners Ltd. ("Milton") as advisor to the Company for investor communications. "During fiscal 2010 and into fiscal 2011 Novik has been achieving record sales and improving financial results, while our competitors have experienced declines in the face of a challenging housing market" commented Michel Gaudreau, President and CEO. "Given our strong past performance and positive outlook, we believe that the timing is right to market the Novik story more broadly throughout the investment community."

Milton will assist Novik in optimizing its investor communications initiatives, with the intent of increasing Novik's profile within the investment community.  Under the terms of the engagement, Novik will pay Milton a monthly fee of $6,000 and will grant Milton 100,000 stock options at an exercise price of $0.44. The stock options will vest over a 12 month period on the basis of 25,000 shares per quarter in accordance with the policies of the TSX Venture Exchange.

With offices in Montreal and Toronto, Milton provides investor communications and capital markets advisory services to established and emerging growth companies across different industry sectors. The principals at Milton have extensive expertise in advising public companies on all aspects of the capital markets, and work selectively with clients to help them achieve their objectives. Readers may visit at www.miltoncapitalpartners.com to learn more about Milton.

About Novik

Novik Inc. is a leader in the manufacturing and marketing of innovative polymer exterior siding and roofs, replacing traditional materials such as stone, brick, and wood at a lower cost. The target market is the global residential and commercial construction industry. Readers may visit at www.novik.com to learn more about Novik.

Forward-looking statements contained in this press release involve known and unknown risks, uncertainties or other factors that may cause actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

SOURCE Novik Inc.

For further information:

Source :  

Novik inc.

For further information:

Michel Gaudreau
President
Tel. : (418) 878-6161
E-mail : micgau@novik.com

Pascal Bouthot
Vice-President, Finances
Tel. : (418) 878-6161
E-mail : pasbou@novik.com

Profil de l'entreprise

Novik Inc.

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