CPL Technologies Inc. Retains Evolution Group Inc. to Design and Implement its Financial Communications Program
September 04 2008 - 4:08PM
Marketwired
CPL Technologies Inc. ("CPL Technologies" or the "Company" (TSX
VENTURE: CCY) is pleased to announce that it has retained the
services of Evolution Group Inc ("Evolution Group") to assist the
Company in designing and implementing its financial communications
strategy.
Evolution Group is a well-known financial communications firm
with a working approach that consists of designing and implementing
comprehensive, reliable communication strategies. The experience
and know-how of its members in the area of securities and financial
communications allows Evolution Group to oversee, to advise and to
represent public companies in their day-to-day stock market
activities. The president of the Group, Sylvain Archambault, who
has over 13 years experience in this area, believes that the
success of a public company relies on the fact to precisely
identify the targeted clientele, communicate with it and keep it
well informed. Mr. Archambault considers that the key to the
success of such a mission is a comprehensive, targeted
communications strategy.
"Given the potential of our current and planned research and
development activities, the time has come to prepare for timely
communication to a wider audience of the progress of CPL
Technologies in meeting its business objectives," said Mr. Roger
Plourde, President and CEO of CPL Technologies Inc. He added, "we
look forward to providing corporate updates to our shareholders
over the coming months, reporting on our progress in our various
business activities."
In his comments, Sylvain Archambault, President of Evolution
Group, said: "We are pleased to have been selected by CPL
Technologies to represent the Company to the financial community.
We believe that CPL Technologies is a business enterprise with
great potential, thanks to the quality of its projects, of its
financial and strategic partners and of its highly regarded
executives. We are confident of our ability to help CPL
Technologies increase their visibility by setting up and
implementing a communications plan that will reflect that
potential."
In consideration of the services rendered, CPL Technologies will
pay a monthly fee of $3,500. Additionally, Evolution Group will
receive 100,000 Options to purchase 100,000 common shares of CPL
Technologies at a price of $0.20.
About CPL Technologies
CPL Technologies Inc. is a recognized leader in request
management solutions and the developer of the leading Helpdesk and
Customer Service Solution C2 Enterprise. Since 1994, it has
dedicated its efforts to delivering unique solutions to the issues
facing the Customer Service industry. The Company delivers
applications that are flexible, scalable and easy to use. Over the
years, CPL has acquired a wide range of customers in a diverse
array of industries. Its client portfolio includes renowned
companies such as Ubisoft, CGI and Orange Mobile, among others. For
more information, please visit our website at www.cpl-inc.com.
This press release contains forward-looking statements, which
reflect the Company's current expectations regarding future events.
The forward-looking statements involve risks and uncertainties.
Actual events could differ materially from those projected herein
and depend on a number of factors, including the successful and
timely completion of clinical studies, the uncertainties related to
the regulatory process and the commercialization of the drug
thereafter. Investors should consult the Company's ongoing
quarterly filings and annual reports for additional information on
risks and uncertainties relating to these forward-looking
statements. The reader is cautioned not to rely on these
forward-looking statements. The Company disclaims any obligation to
update these forward-looking statements.
Contacts: Investor Relations: Evolution Group Inc. Jean-Francois
Bouffard 514-448-4887; Toll free: 866-703-4887
jf.bouffard@evolutiongrp.com www.evolutiongrp.com