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Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Stephen Krupa who wrote (3646)	4/16/1999 6:52:00 PM
From: CycloneTech	Read Replies (4) \| Respond to of 8117

Pyng Technologies Corp PYT Shares issued 9,788,905 Apr 16 close $1.90 Fri 16 Apr 99 News Release Mr. Michael Jacobs reports, Mr. Gerry Lenoski, president of EquiCom Management Corporation of Richmond, B.C., has joined Pyng as manager, corporate communications. Gerry has a diverse professional background in the area of corporate communications for emerging public companies. He has assisted several companies in extending and expanding their reach across the investment community through a comprehensive communications management program. Gerry will be responsible for overseeing Pyng's efforts to publicize its products, its business and its appeal as the manufacturer of the first ever FDA-approved sternal access, adult intraosseous infusion system known as the F.A.S.T. 1 system. This should allow Mr. Jacobs to devote more of his time to the affairs of Pyng Medical Corp., the company's 90 per cent owned subsidiary, which is now gearing up for mass production of the F.A.S.T. 1 system. Mr. Lenoski has been granted an option to purchase up to 50,000 common shares of Pyng at $1.96 per share. The option will expire on April 16, 2001. The option is subject to all necessary shareholder and regulatory approvals. Pyng has also agreed to pay Mr. Lenoski or his personal service corporation $3,000 per month for the three month period commencing April 1999 and $4,000 per month thereafter until his relationship with the company is terminated. Pyng has also agreed to reimburse Mr. Lenoski and/or his personal service corporation for out-of-pocket expenses. The relationship between Mr. Lenoski and Pyng may be terminated by either party on 30 days notice. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com