TORONTO, Jun 12, 2006 Leitrim Group Inc. and its subsidiaries (collectively ``Savers Plus``) (TSXV:SAV) a company providing programs and services that present savings and discount opportunities in the business to business and business to consumer sectors, is pleased to announce it has retained the services of AGORACOM Investor Relations Corp. (``AGORACOM``) (http://www.agoracom.com) and Rosemont Advisory (http://www.RosemontAdvisory.com) to provide investor relations services.
IR FIRMS WILL TARGET RETAIL AND INSTITUTIONAL INVESTORS
The objective of these agreements is two-fold: First, to create effective communication among Savers Plus, its shareholders, and the retail investment community through AGORACOM`s Internet-based investor relations system targeting retail investors. Effective immediately, a customized and monitored Savers Plus IR HUB (http://www.agoracom.com/IR/saversplus) will allow both Savers Plus and AGORACOM to communicate with all investors simultaneously, anytime, while providing shareholders with equal access and complete transparency to all investor relations communications. The IR HUB also provides investors with a monitored discussion forum for the purposes of constructive and high-quality discussion about the Company that is free of spam, bashing, hyping and profanity. Finally, AGORACOM powers small-cap centers on some of the web`s leading properties including Yahoo Finance Canada, AOL Finance Canada and all 4.3 million Blackberry devices around the world, thereby providing Savers Plus with an opportunity to quickly disseminate all future newsworthy developments.
Secondly, to immediately raise awareness and commence communications with targeted institutional investors, brokers and investment professionals through the established network of Rosemont Advisory, founded by principals David Fletcher and Frank Chen, each of whom has achieved a long and proven track record of success within the Canadian public markets.
Savers Plus CEO David Lucatch, stated, ``By engaging AGORACOM and Rosemont, we are effectively reaching out to the two and equally important investment communities necessary to insure our success. The solutions provided by both of these firms fulfils our need to manage and execute an IR strategy in a cost efficient manner, while providing our management team with the ability to focus on executing the business plan. Our shareholders and company will benefit greatly from near real-time communications, regularly planned updates and increased exposure.``
For all future Savers Plus investor relations needs, investors are asked to visit the Savers Plus IR Hub at http://www.agoracom.com/IR/SaversPlus where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to SAV@agoracom.com where they can also request their addition to the investor e-mail list to receive all future press releases and updates in real time.
The terms of the agreements are as follows:
AGORACOM
Duration - 12 months. Monthly Cash Compensation - $3,000. Stock Options - AGORACOM will be granted stock options in Leitrim following the Company`s first Annual General Meeting of its Shareholders and approval of the Company`s stock option plan; This agreement has been negotiated entirely at arm`s length. In addition to the options disclosed as part of the terms of the announced agreement, AGORACOM currently has a direct interest in Savers Plus acquired through a CDN$10,000 investment in the Company. AGORACOM is located in Toronto, Ontario
ROSEMONT ADVISORY
Duration - 6 months. Monthly Cash Compensation - $5,000. Stock Options - Rosemont Advisory will be granted stock options in Leitrim following the Company`s first Annual General Meeting of its Shareholders and approval of the Company`s stock option plan. Rosemont and of its principals hold ownership interests, directly and indirectly, in Leitrim Group Inc. Rosemont Advisory is located in Toronto, Canada.
These agreements are subject to the approval of TSX Venture Exchange.
ABOUT LEITRIM GROUP INC.
Savers Plus develops, manufactures, and markets proprietary programs and services that provide savings and discount opportunities in the business to business and business to consumer sectors. Savers uses a traditional and non traditional approach. Their conventional approach uses the Savers` Custom Coupon Cards and Adkey. Non traditional approaches include internet based initiatives like ``Yes! CARD Plus`` and hybrid programs like Affinity Data Group. Savers works with company owned and managed systems with vendors and merchants throughout North America and has developed proprietary technologies for managing these programs and a system of manufacturing these offerings.
Leitrim Group Inc. is headquartered in Richmond Hill, Ontario, Canada. Its shares trade on the TSXV (symbol: SAV).
ABOUT ROSEMONT ADVISORY
Rosemont is a Toronto based consulting firm, specializing in assisting public companies in maximizing shareholder value through effective strategic communication programs with selected groups of investment professionals and their clients. Rosemont creates and implements cost-effective comprehensive strategies to maximize its clients` market valuations. The principals of Rosemont Advisory are Frank Chen and David Fletcher. For further information, visit www.rosemontadvisory.com
Rosemont`s mandate is to increase investor awareness of Savers Plus International, its business activities, results and its future plans with in the institutional investment community. The agreement with Rosemont and granting of the options are subject
ABOUT AGORACOM INVESTOR RELATIONS CORP.
http://www.agoracom.com
http://www.AgoraIR.com
AGORACOM Investor Relations Corp. (AGORACOM) is North America`s leading outsourced investor relations firm for small-cap companies. AGORACOM`s exclusive IR HUB delivers two-way investor relations and communications that provides 100% transparency, accessibility, equality and near real-time communications for all shareholders and the investment community. The digital delivery of investor relations also provides public companies with savings over traditional services ranging from 50-60%. AGORACOM is the exclusive provider of all content to the AOL Small Cap Centre, as well as, a small-cap content provider to Yahoo Finance Canada and all 4.3 million Blackberry devices around the world. AGORACOM is a private company founded by President George Tsiolis and has specialized in small-cap investor relations since 1997. In addition to the options disclosed as part of the terms of the announced agreement, AGORACOM currently has a direct interest in Savers Plus acquired through a CDN$10,000 investment in the Company.
The TSX Venture Exchange has not received and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not undertake any duty to update any forward-looking statements.
CONTACTS
Corporate Inquiries
David Lucatch, CEO
(905) 763-3510
http://www.saversplus.com
Retail Investor Relations
AGORACOM
SAV@Agoracom.com
http://www.agoracom.com/IR/saversplus
Institutional Investor Relations
David Fletcher
Rosemont Advisory Inc.
200-5925 Airport Rd.
Mississauga, Ontario L4V 1W1
Telephone: (416) 594-9361
1-866-748-9361
Facsimile (905) 672-8630
Email Address: david@rosemontadvisory.com,
http://www.rosemontadvisory.com
Copyright (C) 2006 CNW Group. All rights reserved.
