CALGARY, Oct. 1 /CNW/ - Rapid Solutions Corporation (TSX-V: RPD)
("Rapid") announces today that it granted an aggregate of 1,055,000 stock
options ("Options") pursuant to its stock option plan to a total of 31
employees, officer and directors effective September 6, 2007. All Options were
granted at an exercise price of $0.25 per share and shall vest 25% after every
12 months. Of the 1,055,000 Options granted, an aggregate of 570,000 stock
options were granted to 7 directors (including 2 directors who are also
officers) and 2 officers of Rapid. The Options expire on September 6, 2012.
About Rapid Solutions
Rapid Solutions Corporation is the leading developer of Business Process
Solutions for the petroleum industry. Rapid implements solutions based on the
Workflow, Integration, and Notification cycle, enabling oil and gas companies
to optimize business processes, enhance productivity and improve data
management. Rapid's professional services business provides operations
assurance and maintenance management solutions to a range of clients in Canada
and the United States. The company also markets software applications for
conducting production forecasts and reserves determinations for conventional
and unconventional gas producers.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information on Rapid, go to www.rapid.com.
For further information:
For further information: Michael Jones, President and CEO, Rapid
Solutions Corporation, 200, 714-1st Street SE, Calgary, Alberta, T2G 2G8,
Telephone: (403) 451-3105, Email: firstname.lastname@example.org, Website: