Stock Listing: MP:TSXV
Stock Listing (US): MCTYF:OTC
Outstanding Shares: 29.8 million
Web Site: www.microplanet.com
SEATTLE, Feb. 1 /CNW/ - MicroPlanet, (MP:TSXV & MCTYF:OTC) announces that
in connection with its year end compensation review, the Company has granted
options to purchase an aggregate of 320,000 common shares at a price of $0.71
per share to officers and a director of the Corporation. In accordance with
the Company's stock option plan, a maximum of 10% of the issued and
outstanding common shares of the Company are reserved for issuance pursuant to
the exercise of stock options to be granted under the Plan.
MicroPlanet also reports as part of his compensation for 2008 the
Company's CEO, Bruce Lisanti, has agreed to have a portion of his annual base
salary paid in common shares of MicroPlanet in lieu of cash. The total value
of the common shares to be issued is US$50,000. The shares will be issued in
equal installments on a quarterly basis. The amount of shares to be issued
will be determined by the ten day weighted-average market price of such shares
prior to the date of issuance.
About MicroPlanet Technology Corp.
MicroPlanet's technology helps to reduce the total amount of energy we
need to produce by significantly increasing the efficiency of the electric
grid. MicroPlanet's products dynamically manage the voltage delivered to a
business or home to optimal levels, which saves energy, lowers electricity
bills and helps reduce greenhouse emissions. The Company's products also
reduce peak period demand and can improve utility services. MicroPlanet
THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE
INFORMATION CONTAINED HEREIN.
For further information:
For further information: MicroPlanet Company Contacts: Bruce Lisanti,
President & CEO, Tel: (206) 625-0851, Fax: (206) 625-0999,
firstname.lastname@example.org; MicroPlanet Investor Relations: Gerry Wimmer,
INVESTORFILE.com, Tel: (416) 360-8895, Toll Free: 1-888-894-8222,