Sonomax AGM Audio Podcast now available
MONTREAL, June 22 /CNW Telbec/ - Sonomax Technologies Inc. (SHH: TSX Venture) (the "Company"), would like to thank the 97 guests that attended this year's Annual General Meeting held Thursday June 17th, 2010 here in Montreal.
The objective of this meeting was to comprehensively communicate to our shareholders where we have come from in the last year, what our current situation is, and how we realistically plan to achieve commercial success. At the root of this discussion was how the Company has driven to develop and refine its technology to a state of readiness that has induced major Original Equipment Manufactures (OEMs), Original Design Manufacturers (ODMs) and High Volume Resellers (HVRs) to integrate V4 into their business planning. Our presentation also heavily focused on the business models, alliances, and business relationships that have been established to maximize and exploit our technological gains.
Sincere thanks for those who made it in person. For those that missed the meeting, an audio podcast is available on our website.
As well, the following items were voted on and approved during the meeting:
1. Election of the following individuals as directors of the Corporation:
(Peter J. Malouf, Jean-Nicolas Laperle, Adam Schwartz, Peter Brennan,
Kévork Kokmanian, C.A., Andy Nulman, Alvin Schacter, C.A., and Javier
2. Appointing of Deloitte & Touche LLP, Chartered Accountants, auditors
of the Corporation to hold office until the next annual meeting of
shareholders at such remuneration as may be fixed by the directors,
and the directors be and they are hereby authorized to fix such
3. Ratification of the 2010 Stock Option Plan of the Corporation, as
adopted by the Board of Directors on January 27, 2010, as described in
the Management Proxy Circular of the Corporation dated May 19, 2010.
4. Special resolution to amend the articles of the Corporation to
consolidate the issued and outstanding common shares for a maximum of
one common share for every fifteen issued and outstanding common
shares, if and when the directors deem appropriate to do so, but not
later than June 17, 2011.
Also on June 17, 2010 the Board of Directors granted an aggregate of 3,400,000 stock options to outside directors of the company.
About Sonomax Technologies Inc.
Sonomax (www.sonomax.com) is a leader in the research, development and licensing of in-ear technologies. With over 50 patents worldwide, Sonomax pioneering innovation includes instant custom-fitting earpieces that deliver the most comfortable, protective and sound-enhancing experience in the world, as well as software driven solutions for validating earpiece performance. The latest V4 Self-Fit(TM) System offers our OEM, ODM and aftermarket clients a broader range of opportunities in customized earpieces for the Consumer, Industrial, Military and medical markets.
For further information, please contact:
This news release contains statements that constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities legislation. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of Sonomax Hearing Healthcare Inc. ("Sonomax"). Actual results or achievements may differ materially from those expressed in, or implied by, this forward-looking information. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Sonomax will derive therefrom. Forward-looking information is based on the estimates and opinions of Sonomax's management at the time the information is released and Sonomax does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. Neither the 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 Sonomax Technologies Inc.
For further information: For further information: Nick Laperle, President and CEO, Sonomax Technologies Inc., 514-932-2674 ext 2229, firstname.lastname@example.org