That buys three laptops!...
Prosys Tech has option to buy more Peak shares
2008-02-20 08:26 MT - News Release
Mr. Georges Hebert reports
PROSYS ANNOUNCES AN OPTION TO INCREASE ITS PARTICIPATION IN PEAK POSITIONING CORPORATION
Prosys Tech Corp. has an option to subscribe to additional common shares in the capital of Peak Positioning Corp., in which it already holds an important position in the shareholding. This option is up to a maximum of 50.1 per cent of the issued and outstanding common shares of Peak, at an exercise price of 75 cents per common share. This option enabling Prosys to become the majority shareholder of Peak is valid until Jan. 24, 2010.
"The investment in Peak enables it to pursue the development and commercialization of its wireless laptop computer security modules and asset recovery services. Moreover, it enables Prosys to offer efficient wireless laptop computer security and asset recovery services to its clients," declared Georges Hebert, president and chief executive officer of Prosys.
About Peak
Peak Positioning Corp., a Montreal-based start-up company, has partnered with global leaders in the field of wireless communications to develop a portfolio of wireless security and asset recovery services for the laptop computer industry. The services will include using wireless communications to disable and retrieve lost or stolen laptop computers.
