QUEBEC CITY, Nov. 26 /CNW Telbec/ - WANTED Technologies Corporation (TSX-V: WAN), the leading source of insight and analysis based on hiring demand, has retained the services of Paradox Public Relations Inc. (hereinafter, "Paradox") as strategic investor relations consultants to the company. Paradox will focus on developing and expanding WANTED's communications with the investment community through a comprehensive investor relations program.
Paradox, founded in Montreal, P.Q., in 2001 by Éric Leboeuf, provides investor relations services to businesses in multiple industries since about eight years. Services to be provided to WANTED include: national marketing to the Canadian investment community, use of Paradox's proprietary database and contacts, organizing presentations on behalf of the Company, and providing an e-mail service and incoming call service. Éric Leboeuf is the sole shareholder of all issued and outstanding shares of Paradox, of which he is the principal executive officer. Paradox is located at 1178, Place Phillips, Suite 250, Montreal, Quebec, H3B 3C8.
Paradox has been engaged pursuant to a 24-month arm's length agreement effective November 25th, 2009 (hereinafter, the "Agreement"). Under the Agreement, WANTED has agreed to pay Paradox $5,000 per month, with the fee due and payable at the beginning of every month. The Agreement with Paradox can be terminated by either party upon 30 days notice after an initial period of six months. Paradox has been granted 200,000 incentive stock options of class "A" shares of Wanted exercisable at a price of $0.40 per share, for a period of two years. The options shall vest and become exercisable at a rate of 25% per quarter over the first twelve-month period following the signature of the Agreement, and shall expire after 30 days upon termination of the Agreement. Neither Paradox, nor Éric Leboeuf hold class "A" share of Wanted.
This Agreement is subject to acceptance by the TSX Venture Exchange.
About WANTED Technologies Corporation
WANTED is the leading source of insight and analysis based on hiring demand. Clients in the media, HR/staffing, financial services and government sectors use WANTED's online data and SaaS-based analytical solutions to identify economic trends, analyze competitive and market activities and prioritize sales opportunities.
WANTED is also the exclusive data provider for The Conference Board's Help-Wanted OnLine Data Series(TM), the monthly economic indicator of hiring demand in the United States.
WANTED Technologies (TSX-V:WAN) was founded in 1999. The company's headquarters are in Quebec City, Canada, and it maintains a US-based subsidiary with primary offices in New York City. The company began collecting detailed hiring demand data in 2002, and currently maintains a database of hundreds of millions of unique job listings. Visit www.wantedtech.com for more information about how WANTED helps organizations make better decisions and improve sales results.
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that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Note to editors: Trademarks and registered trademarks referenced herein remain the property of their respective owners.
SOURCE WANTED Technologies Corp.
For further information: For further information: Mr. Bruce Murray, President and CEO, (418) 523-6663, ext. 222; Mr. Martin Auclair, VP Finance and CFO, (418) 523-6663, ext. 337; Source: WANTED Technologies Corp.