TSX Venture: MWT
CALGARY, April 9 /CNW/ - Megawheels Technologies Inc. (TSX Venture:
"MWT") announced today that its Board of Directors resigned following the
expressed intent of VIMAC Ventures LLC and other secured debt holders to
appoint a Receiver.
Megawheels also announced the change in address of its registered office
Peter A. Stone
Barrister and Solicitor
Unit B, 1923 - 5th Street S.W.
Calgary, Alberta T2S 2B2
Megawheels Technologies Inc. provides Internet based classified
advertising platforms for the automotive and real estate sectors in
partnership with media companies. Advertisers (private party, auto dealers &
real estate agents) can place their classified entries on Company supported
websites, offering comprehensive information to prospective buyers, accessible
through easy-to-use research tools and linked to traditional print
advertising. Megawheels also provides advanced reverse publishing technology,
which re-purposes online ads into ready-to-print pages for publishers. Since
1999, Megawheels has facilitated the printing of more than 2 billion printed
pages of classified advertisements.
The TSX Venture Exchange has neither approved nor disapproved the
contents of this news release.
For further information:
For further information: Chris Bulger, Megawheels Technologies Inc.,
Tel: (416) 805-1550, Email: firstname.lastname@example.org