For Immediate Release 23 June 2008
QuestAir Confirms Date of Share Consolidation
VANCOUVER, B.C. – QuestAir Technologies Inc. (TSX: QAR; AIM: QAR) (“QuestAir” or the “Company”) confirms that the previously announced common share consolidation on a 10 for 1 basis (the “Share Consolidation”), will take effect on June 27, 2008. Immediately after the Share Consolidation takes effect, there will be 11,268,318 post-consolidation common shares outstanding.
About QuestAir Technologies Inc.
QuestAir Technologies, Inc. is a developer and supplier of proprietary gas purification systems for several large international markets, including existing markets such as oil refining, biogas production and natural gas processing, and emerging markets such as fuel cell power plants and fuel cell vehicle refueling stations. QuestAir is based in Burnaby, British Columbia and its shares trade on the AIM Market of the London Stock Exchange Plc. and on the Toronto Stock Exchange under the symbol “QAR”.
Certain statements in this press release may constitute “forward-looking” statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements use such words as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, ‘‘may’’, ‘‘will’’ and other similar terminology. These statements reflect current expectations regarding future events and operating performance and speak only as of the date of this press release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications 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 the forward-looking statements.
For further information, please contact:
QuestAir Technologies Inc.
Sherry Tryssenaar
Chief Financial Officer
Phone: (001) 604-453-6902
Email: tryssenaar@questairinc.com
www.questairinc.com |
Canaccord Adams:
Robert Finlay
Phone: +44 (0) 20 7050 6500 |
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Canadian media contact:
Karyo Edelman
Stephen Burega
Phone: (001) 604-623-3007
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UK media contact:
Buchanan Communications
Charles Ryland
Ben Willey
Phone: +44 (0) 20 7466 5000 |
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