NEWS - Savers Plus Reports Details of IR Agreement
posted on
Apr 26, 07 05:14AM
TORONTO, ONTARIO--(April 25, 2007) - Savers Plus International Inc. ("Savers" or the "Company") (TSX VENTURE:SAV) today reported further details of their agreement with CHF Investor Relations (Cavalcanti Hume Funfer Inc.) of Toronto and Calgary.
Further to the press release dated February 13, 2007, CHF has been engaged to provide investor relations and market-making services until January 14, 2008. Thereafter, the program will continue unless written termination notice of three months is tendered by either party. Initially, CHF will receive a discounted monthly fee of $6,000, which will increase to $7,500 during the contract period, plus approved disbursements. CHF Investor Relations will receive incentive stock options in the amount of 250,000 SAV options exercisable at $0.25 per share, valid for two years; followed by another 350,000 SAV options when additional options become available under the Stock Option Plan at an exercise price to be determined by the closing market price at the time of grant. The agreement is subject to the approval and vesting rules of the TSX Venture Exchange. CHF’s investor relations and market-making services are delivered in accordance with TSX Venture Exchange Policy 3.4.
David Lucatch, President and CEO, commented “This is an excellent time to implement a comprehensive investor relations program as we continue to build our Company and grow our online programming.”
About CHF Investor Relations
CHF Investor Relations, a proactive, results-driven firm, offers premium IR service to an international portfolio of client companies operating in a broad range of industries including internet tools and marketing, franchise networks, mineral producers, mining exploration and development, oil and gas, high-tech, manufacturing, biotechnology, and special situations. CHF provides comprehensive IR representation to the Canadian audience through their offices in Toronto and Calgary. For more information, please visit their website at www.chfir.com.
About Savers Plus International Inc./Intertainment Media Inc.
On April 10, 2007, the Company's shareholders approved changing its name to Intertainment Media Inc. The Company has submitted formal documentation to the TSX Venture Exchange to approve the name change.
Savers' division, Eye Rock Digital, is a leading edge provider of video on demand, digital content, distribution, advertising and production. Eye Rock Digital aggregates and creates digital content aimed at the young, hip and technologically savvy young adult market. Eye Rock Digital develops programming for simultaneous delivery over broadband and wireless platforms.
Savers Plus International Inc. is headquartered in Richmond Hill, Ontario, Canada. Shares of the Company are listed for trading on the TSX Venture Exchange under the symbol “SAV”.
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 statements 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Corporate Inquiries
Savers Plus International Inc.
David Lucatch, CEO
(905) 763-3510
Website: http://www.saversplus.com
or
Retail Investor Relations
AGORACOM
Email: SAV@Agoracom.com
Website: http://www.agoracom.com/IR/saversplus
or
Investor Relations
CHF Investor Relations
Jan C. Moir, Vice President
(416) 868-1079 ext. 237
Email: jan@chfir.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
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