MANASSAS, VA, June 25 /CNW/ - Catch the Wind Ltd. (TSX-V: CTW.S) ("Catch the Wind" or the "Company"), developer and manufacturer of the Vindicator(R) laser wind sensor (LWS) and other wind sensing products, announced today that it has completed its corporate re-domestication to the Cayman Islands for the purpose of achieving greater flexibility in potential future financings. In connection therewith, the ".s" designation on the Company's existing trading symbol will be removed. As of the opening of trading on June 28, 2010, the Company's trading symbol on the TSX Venture Exchange will be "CTW" and the Company's common shares will trade under a new CUSIP number. The re-domestication was not completed for any tax-related reasons.
Registered shareholders will receive a Letter of Transmittal advising them as to how to exchange their certificates representing pre-re-domestication shares for certificates representing post-re-domestication shares of the Company if they wish to do so. Shareholders will not be required to obtain new share certificates to evidence the shares of the Company owned by them, but may do so if they wish. Each holder will be responsible for ensuring that any exchange of their existing shares complies with all applicable laws.
Full details of the Company's re-domestication are available in the Company's continuous disclosure materials located at www.sedar.com.
About Catch the Wind Ltd.
Catch the Wind Ltd. is a high-growth technology company headquartered in Manassas, Virginia. The company was founded in 2008 to develop and manufacture the Vindicator(R) laser wind sensor.
Catch the Wind serves the commercial market sector for laser based wind sensor systems, recognized as the "gold standard" in wind measurement. The company is focused on becoming a major contributor in making clean, renewable wind energy more affordable and profitable. For more information, visit www.catchthewindinc.com.
This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this news release, include, but are not limited to, economic performance and future plans and objectives of Catch the Wind. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Catch the Wind believes that the assumptions and factors used in making the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. Catch the Wind disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE BlueScout Technologies, Inc.
For further information: For further information: Catch the Wind Ltd., Claudia Jaques, Vice President and General Counsel, 703-393-0754, firstname.lastname@example.org; The Equicom Group, Joe Racanelli, Investor Relations, 416-815-0700 ext. 243, email@example.com