QuestAir Announces Director Purchases under Employee Share Purchase Plan



    VANCOUVER, June 4 /CNW/ - QuestAir Technologies Inc. (AIM: QAR; TSX: QAR)
announced today that two executive Directors have purchased common shares
under the company's Employee Share Purchase Plan ("Plan"). Purchases under the
Plan are made on behalf of participants by the Plan's independent
administrator on the Toronto Stock Exchange at regular quarterly intervals.
    Two executive Directors, Jonathan Wilkinson, President and Chief
Executive Officer, and Sherry Tryssenaar, Chief Financial Officer, are
participants in the Plan. Under the Plan, Mr. Wilkinson and Ms. Tryssenaar
purchased shares on June 3, 2008 at an average price of CAD$0.135.

    
    -   Mr. Wilkinson purchased 37,931 shares bringing his total holdings to
        181,125 common shares, plus 334,000 subscription receipts. If the
        subscription receipts are converted to common shares under the terms
        of the recently completed offering, Mr. Wilkinson will own 515,125
        common shares, representing 0.46% of the total shares outstanding
        (assuming conversion of all subscription receipts).

    -   Ms. Tryssenaar purchased 24,507 shares bringing her total holdings to
        60,955 common shares, plus 166,600 subscription receipts. If the
        subscription receipts are converted to common shares under the terms
        of the recently completed offering, Mr. Tryssenaar will own 227,555
        common shares, representing 0.20% of the total shares outstanding
        (assuming conversion of all subscription receipts).
    

    Disclosure of the Directors dealings under this Plan is made pursuant to
the rules governing the operation of AIM as established by the London Stock
Exchange Plc.

    About QuestAir Technologies Inc.

    QuestAir Technologies, Inc. is a developer and supplier of proprietary
gas purification systems for several large international markets, including
existing markets such as oil refining, biogas production and natural gas
processing, and emerging markets such as fuel cell power plants and fuel cell
vehicle refueling stations. QuestAir is based in Burnaby, British Columbia and
its shares trade on the AIM Market of the London Stock Exchange Plc. and on
the Toronto Stock Exchange under the symbol "QAR".

    Forward Looking Statements

    Certain statements in this press release may constitute "forward-looking"
statements which involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the
Company, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. When used in this press release, such statements
use such words as "anticipate", "believe", "plan", "estimate", "expect",
"intend", "may", "will" and other similar terminology. These statements
reflect current expectations regarding future events and operating performance
and speak only as of the date of this press release. Forward-looking
statements involve significant risks and uncertainties, should not be read as
guarantees of future performance or results, and will not necessarily be
accurate indications of whether or not such results will be achieved. A number
of factors could cause actual results to differ materially from the results
discussed in the forward-looking statements.

    %SEDAR: 00021328E




For further information:

For further information: QuestAir Technologies Inc., Sherry Tryssenaar,
Chief Financial Officer, Phone: (604) 453-6902, Email:
tryssenaar@questairinc.com, Web: www.questairinc.com; Canaccord Adams: Robert
Finlay, Phone: +44 207 050 6500, UK media contact: Charles Ryland, Ben Willey,
Buchanan Communications, Phone: +44 (0) 20 7466 5000; Canadian media contact:
Stephen Burega, Karyo Communications, Phone: (604) 623-3007

Organization Profile

Xebec Adsorption Inc.

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