Vancouver, British Columbia – February 2, 2016 – Targeted Microwave Solutions Inc. (CSE: TMS; OTCQX: TGTMD) (“TMS” or the “Company”) is pleased to announce that Kin Communications Inc. (“Kin”) has been engaged to provide investor relations services to the Company.
Kin Communications is a leading full-service investor relations firm based in Vancouver, British Columbia, with a proven record in public markets. Kin will assist TMS in increasing public awareness by managing the Company’s corporate communications, marketing endeavors, and ongoing engagement with shareholders, finance professionals, and media contacts.
Kin will be paid $30,000 over a 3-month period and $7,500 on a month-to-month basis thereafter. Kin will also be granted 200,000 stock options of the Company at a price of $0.75 per share, vesting immediately from the date of grant and exercisable for a period of 3 years. The investor relations agreement and the grant of options are subject to regulatory approval. The Company has been advised that neither Kin nor its principals currently own any shares of TMS.
Chief Executive Officer, Lawrence Siegel, remarked: “We are excited about our engagement of Kin. As TMS continues to expand the application of its technology to new sectors and uses, this engagement will help ensure that the investment community is aware of our achievements and that our shareholders realize the full value of our growth and success. Kin has successfully led the investor relations programs of several companies over their entire growth cycles and we look forward to having Kin on board as we continue to evolve and mature as a company.”
About Targeted Microwave Solutions Inc.
TMS is focused on commercializing its unique, clean-coal upgrading technology, a low-cost microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal. This process is expected to provide significant financial benefits to coal-fired electrical generating utilities such as: cost savings from switching to low-rank coal, increases in boiler efficiencies and heat output, improved ash efficiencies and reductions in scrubber costs. Important environmental benefits such as reductions in greenhouse gases and mercury may also be derived from implementation of TMS’s technology. TMS has completed constructing a commercial-scale facility in King William County, Virginia, U.S.A. and has entered into joint ventures for China and India to develop and market its technology.
On behalf of the Board of Directors,
“Dr. James Young”
Chairman of the Board of Directors
For further information, please contact:
Targeted Microwave Solutions Inc.
Telephone: (778) 995 5833
Kin Communications Inc.
(604) 684-6730 / 1 (866) 684-6730 (toll-free)
This news release contains certain statements which are, or may be deemed to be “forward-looking statements”. Forward-looking statements are statements that address or discuss activities, events or developments that we expect or anticipate may occur in the future. Forward-looking statements consist of statements that are not purely historical and, in this news release, include, without limitation, statements regarding: Kin’s expected role with TMS and its expected contributions to the Company’s development; and TMS’s expansion of the application of its proprietary technology. When used in this news release, words such as “estimates”, “expects”, “plans”,”anticipates”, “projects”, “will”, “believes”, “intends”, “should”, “could”, “may” and other similar terminology are intended to identify such forward-looking statements. Forward-looking statements reflect the then-current expectations, beliefs, assumptions, estimates and forecasts of our management. Because forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict, our actual results, performance or achievements or the actual results or performance of the industries and markets in which we operate and intend to operate may be materially different from those anticipated in our forward-looking statements. Forward-looking statements involve significant uncertainties and risks, should not be read as a guarantee of future performance or results and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in our forward-looking statements, including the matters described in our public filings available on SEDAR at www.sedar.com. Accordingly, readers should exercise caution in relying upon our forward-looking statements and we undertake no obligation to publicly revise such statements to reflect subsequent events or circumstances, except as required by law. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.