TORONTO, Aug. 10 /CNW/ - Active Control Technology Inc. (TSX-V:ACT) is
pleased to announce that all matters outlined in the Information Circular
dated July 3, 2007 were approved by shareholders at the Annual Meeting held on
August 8, 2007 including the election of Mr. Terence Donnelly to the Board of
Directors. The Board wishes to welcome Mr. Donnelly in joining the board.
Mr. Donnelly has also been granted 250,000 options to purchase common shares
of the Company at $0.22 for a period of five (5) years pursuant to the
Company's Stock Option Plan.
The Company wishes to advise shareholders that effective August 18, 2007,
shareholders holding less than 100 shares will cease to be shareholders as a
result of the approved consolidation of the Company's shares. Effective
August 20, 2007, the Company's shares will trade under a new CUSIP number,
004949202, but otherwise the transaction will have no effect on any
shareholder holding 100 shares or more of the Company.
The grant of options and the election of Mr. Terence Donnelly are subject
to TSX Venture Exchange approval.
About Active Control Technology
ACT designs and markets wireless network control and communication
systems for buildings and extreme environments. Located in Burlington,
Ontario, Canada, the company trades publicly on the TSX Venture Exchange under
the symbol ACT. For more information, visit the company's website at
We make wireless work.(TM)
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Steve Barrett, President & C.E.O., Active
Control Technology Inc., Tel.: (905) 670-5500 ext. 202, Fax: (905) 592-9691,
Email: email@example.com, Website: www.activecontrol.com; Don
Hogarth, Hogarth Communications Inc., Tel.: (416) 565-8920, Email: