RESAAS GRANTS INCENTIVE STOCK OPTIONS

CNSX: RSS

VANCOUVER, Feb. 7 /CNW/ - RESAAS SERVICES INC. ("RESAAS") is pleased to announce that it has adopted an incentive stock option plan (the "Option Plan") which complies with the policies of the Canadian National Stock Exchange (the "CNSX") and has granted incentive stock options ("Options") to purchase a total of 1,500,000 common shares in the capital of RESAAS to certain of its officers, directors and consultants in accordance with the provisions of the Option Plan.  The Options are exercisable at a price of $1.00 per common share until February 8, 2013.

Options granted to insiders of RESAAS included 250,000 Options to Cory Brandolini, President, Chief Executive Officer and a director, 250,000 Options to Cameron Shippit, Chief Financial Officer and a director, 250,000 Options to Adrian Barrett, a director, and 150,000 Options to Roland Young, a director.

About RESAAS SERVICES INC.

RESAAS is a technology company engaged in the design, development and commercialization of an enterprise platform of technologies to service the real estate industry, including realtors and property hunters. The technology platform will be aimed at creating a selling community of realtors, each with their own personalized profile page allowing the realtor to create and update property listings real-time, and access the property listings of other realtors in the realtor's selling community. Realtors will also be provided with back-office capabilities including a document management system, contact list database, and the ability to manage property listings. These features will be accessible to realtors remotely from a mobile handheld device such as a smart phone. To service property hunters, RESAAS' technology platform will include a property search engine accessible online.

The CNSX has not approved nor disapproved the content of this press release.

Forward-Looking Information:

This press release includes forward-looking information within the meaning of Canadian securities legislation, concerning the expected launch date of the company's technology platform and the date of initial trading of its Common Shares on the CNSX. The forward-looking information is based on certain key expectations and assumptions made by RESAAS' management, including finalizing the design and development of the technology platform. Although RESAAS believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because RESAAS can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and RESAAS disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.


SOURCE RESAAS

For further information:

Cory Brandolini, President & CEO
RESAAS SERVICES INC.
Telephone: (778) 997-9544
Email: cbrandolini@gmail.com

Organization Profile

RESAAS

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