IPICO Inc. applies to TSXV for extension of warrant term



    BURLINGTON, ON, Aug. 30 /CNW/ - IPICO Inc. (TSX-V:RFD) today announced
that it will apply to the TSX Venture Exchange for approval to extend the
formal expiry date of its 5,000,000 outstanding common share purchase warrants
from September 17, 2007 to September 30, 2007. The warrants were issued
March 30, 2006 upon the completion of a reverse-takeover transaction in
exchange for existing warrants of Amtag ID Inc., a predecessor company, issued
March 17, 2006 pursuant to a private placement of subscription receipts of
Amtag ID Inc. The warrants have a term of 18 months. In order to resolve any
potential shareholder misunderstanding as to the expiry date of that 18 month
period, IPICO will apply to the TSX Venture Exchange for approval to extend
the formal expiry date of these warrants to September 30, 2007.

    ABOUT IPICO Inc.

    IPICO Inc. is an RFID solution supplier with operations in the USA, South
Africa, Europe, Asia and Australia. IPICO produces smart labels and tags based
on the IP-X(TM) communication protocol. IPICO's low interference readers are
designed to meet regulatory requirements in many major markets, and allow for
multi-reader rollout in close proximity. IPICO's low cost RFID products excel
at long read range, fast multi-read anti-collision and high thru-beam
read-speeds of dynamic tag populations. These products are used to optimize
the management of items, people, animals and processes within the logistic
supply chain and other value chains. For further information, go to
www.ipico.com.

    THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
    OR THE ACCURACY OF THIS RELEASE.

    %SEDAR: 00023515E




For further information:

For further information: Gordon Westwater, President, IPICO Inc., Tel:
(905) 631-6310, email: gordon.westwater@ipico.com; Ted Irwin, Chief Financial
Officer, IPICO Inc., Tel: (905) 631-6310, email: ted.irwin@ipico.com

Organization Profile

IPICO 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