Vancouver, BC – April 11, 2008 – Even Technologies Inc. (the “Company” TSX-V: ETI) advises that further to the Company’s news release dated March 7, 2008, the Company wishes to amend the grant date of the incentive stock options granted to The Richmond Club Corp. to purchase a total of 148,000 shares of the Company at a price of $0.25 per share to April 11, 2008. The options expire on April 11, 2011 and vest as to 25% upon the date that is there (3) months from the date of grant and 25% every three months (3) thereafter.
The Company also wishes to announce that it has received disinterested shareholder approval and subsequent TSX Venture Exchange (the "Exchange") approval to adopt the Company's 2008 Stock Option Incentive Plan. The number of shares reserved for issuance thereunder is 15,346,010 common shares, which is 20% of the Company's issued and outstanding common shares as at February 11, 2008, the date of the Company's Information Circular.
Any content, anywhere, anytime.
For more information, visit www.eventechnologies.com.
On Behalf of the Board of Directors:
(signed) "Nick Ringma"
Nick Ringma
President and CEO
+1 604 689 1858
Even Technologies Inc.
Even Technologies is a Vancouver, Canada company, specializing in advanced solutions for profitable IPTV delivery. Even Technologies’ PSI™ Smart Compression allows service providers to deliver standard definition video at only 750kbps and high definition video at less than 3 Mbps. Built into a complete system including real time encoders, middleware and upgradeable set-top boxes, the PSI™ technology provides the telecommunications sector with a new alternative for delivering interactive digital television. The Company has also implemented the PSI™ technology into a range of applications for medical imaging, security identification photos and media streaming to the PC and mobile environment. For more information, please visit www.eventechnologies.com.
Copyright © 2008 Even Technologies Inc.™, EVEN™, PSI™, dme™ and other marks, names, logos and icons identifying Even Technologies Inc. and Even Technologies’ products and services referenced herein are trademarks or registered trademarks of Even Technologies Inc. All other company, product and/or brand names or marks are the trademarks of their respective owners.
Certain statements contained in this document, including statements regarding events and financial trends that may affect our future operating results, financial position and cash flows, may constitute forward-looking statements within the meaning of the federal securities laws. These statements are based on our assumptions and estimates and are subject to risk and uncertainties. You can identify these forward-looking statements by the use of words like “strategy”, “expects”, “plans”, “believes”, “will”, “estimates”, “intends”, “projects”, “goals”, “targets”, and other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts. We wish to caution you that such statements contained are just predictions or opinions and that actual events or results may differ materially. The forward-looking statements contained in this business plan are made as of the date hereof and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements. Where applicable, we claim the protection of the safe harbor for forward-looking statements provided by the (United States) Private Securities Litigation Reform Act of 1995.