VANCOUVER, April 18 /CNW/ - Icron Systems Inc. (``Icron') announced
today the appointment of H&H Communications Inc. dba HMS Consulting principal
Samantha Turner (formerly Samantha Haynes) of Delta, B.C. to provide investor
relations services for Icron, effective immediately. The term of the agreement
with HMS Consulting is for 4 months at a service fee of $4,800 per month and
the granting of 90,000 stock options at $1.20 per share for a two year term.
Pursuant to applicable Canadian Venture Exchange policy, such options shall
vest over a 12 month period with 25% of the options vesting every 3 months.
After 4 months, the agreement can be terminated by either party with 30 days
notice. The options granted are subject to regulatory and shareholder
approvals.
Icron's investor relations program is designed to increase the profile of
Icron and to enhance broker, and investor knowledge of Icron's USB technology
and business affairs. The investor relations agreement with King Capital and
announced on December 17, 1999 has lapsed and is not being renewed by mutual
agreement.
``HMS Consulting will build on our successful previous successful
investor relations efforts. This program will be conducted in
parallel with Icron's rapidly expanding global marketing efforts for
its ExtremeUSB(TM) technology. HMS Consulting will also assist Icron
to bring more investor relations functionality in house,' stated,
Dirk Schillebeeckx, Icron's President and CEO. ``We look forward to
working with Samantha Turner and her staff as we progress towards the
next phase in the Company's expansion plans. We are very pleased with
the efforts of King Capital and the support they provided in
communicating Icron's new direction as a global leader in extended
range USB technology.'
Icron Systems Inc. of Vancouver, BC has invented ExtremeUSB(TM)
technology, a practical means of extending the range of USB connections from
15 feet (5 meters) to over 300 feet (100 meters). Icron has applied for
patents covering its inventions and is integrating this technology into a
series of products for PC users. Icron has established the ExtremeUSB(TM) Team
of companies to increase the total market for USB products by enabling a broad
set of new applications based on ExtremeUSB(TM). Icron is a publicly traded
company and trades under the symbol ICM on the Canadian Venture Exchange.
NOTE: The Company relies on litigation protection for ``forward-looking'
statements.
THE CANADIAN VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
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For further information: Icron Systems Inc.: David G.M. Smith
www.icron.com, ir@icron.com, Tel (604) 517-6600; Investor Relations: HMS
Consulting, Samantha Turner sturner@hmsconsulting.com, Tel (604) 940-2239 |
