Pay Linx Financial Corporation Announces Grant of Options to Directors



    EDMONTON, June 29 /CNW/ - Pay Linx Financial Corporation (the
"Corporation") announces that the options granted on April 25, 2007 to each of
Mr. David Sutin and Ms. Cathy Honor (directors of the Corporation) and Mr.
Marshall Rosichuk (officer of the Corporation) pursuant to the Corporation's
existing Stock Option Plan, have been repriced at the market price on
April 25, 2007 rather than at the Discounted Market Price. The other terms of
the grant of options remain the same.
    In addition, Mr. Chuck Walker, a director of the Corporation, was granted
100,000 options. Each option entitles the holder to acquire one common share
of the Corporation at an exercise price of $0.46, expiring 5 years from the
date of grant. The options vest as to 1/3 on the date of grant, with an
additional 1/3 vesting on each of the first and second anniversary of the date
of grant.
    The Corporation is also pleased to announce the appointment of Mr. David
Sutin, an independent director of the Corporation, as the Chairman of the
Board.

    The TSX Venture Exchange does not accept responsibility for
    the adequacy or accuracy of this release.

    Certain statements contained herein may constitute forward-looking
statements. These statements relate to future events or our future
performance. All statements other than statements of historical fact may be
forward-looking statements. Forward-looking statements are often, but not
always, identified by the use of words such as "seek", "anticipate", "plan",
"continue", "estimate", "expect", "may", "will", "project", "predict",
"potential", "targeting", "intend", "could", "might", "should", "believe" and
similar expressions. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or events to
differ materially from those anticipated in such forward-looking statements.
We believe that the expectations reflected in the forward-looking statements
are reasonable based upon management's current views but no assurance can be
given that these expectations will prove to be correct and such
forward-looking statements should not be unduly relied upon. No assurance can
be given that actual results, performance or achievement expressed in, or
implied by these forward-looking statements will occur, or if they do, that
any benefits may be derived from them. Past results have been applied in
drawing a conclusion or making a forecast or projection set out in the
forward-looking information.





For further information:

For further information: Ian McNeill (President and Chief Executive
Officer) or Marshall Rosichuk (CFO) of Pay Linx Financial Corporation, at the
below phone numbers or e-mail addresses: Ian McNeill, Pay Linx Financial
Corporation, Telephone: (780) 702-4710, Email: Ian@PayLinx.ca; Marshall
Rosichuk, Pay Linx Financial Corporation, Telephone: (780) 702-4702, Email:
marshall.rosichuk@PayLinx.ca

Organization Profile

PAY LINX FINANCIAL CORPORATION

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890