Mississauga, Ontario--(Newsfile Corp. - May 12, 2016) - Pioneering Technology Corp. of Mississauga, Ontario (TSXV: PTE) (OTC: PTEFF), ("Pioneering"), a technology company and North America's leader in cooking fire prevention technologies and products announces that it has appointed Contact Financial ("Contact") as its investor relations firm. The agreement with Contact Financial is subject to the approval of the TSX Venture Exchange.
Contact Financial is a Vancouver based firm specializing in assisting emerging growth companies with media relations, capital markets experience, brand building/awareness and developing strategies to strengthen relations and communications between companies or individuals associated with the firm. Contact Financial will assist Pioneering in gaining increased exposure to investors through the dissemination of corporate information to a network of online venues, brokerage firms, financial institutions and private investors.
Kevin Callahan, President and CEO of Pioneering stated, "The timing is now right for us to start telling our story to the investment community and we believe that Contact Financial has the kind of expertise and understanding of the capital markets to help enhance our investor relations strategy of now for the first time getting our growth story out there and increase shareholder value."
Kirk Gamely, President of Contact Financial stated, "Given Pioneering's recent successes and future growth strategy, we at Contact Financial look forward to expanding the awareness of Pioneering Technology to the capital markets and broadening their shareholder base."
Contact Financial has been appointed for an initial term of six (6) months, which can be extended on a monthly basis as confirmed by the Company. Contact Financial will be paid for provision of its services a monthly fee of CDN $5,000.00 (plus GST) and a grant of 200,000 incentive stock options exercisable at $0.29 per option, subject to the terms and conditions of the Company's stock option plan and TSXV requirements.
Other than 300,000 common shares held directly and indirectly by Kirk Gamley and Contact Financial, none of the Contact Financial group has any interest, directly or indirectly, in the Company or its securities, although it may choose to acquire shares in the Company in the future. Contact Financial does not intend to undertake any market making activities.
About Contact Financial: Contact Financial is a broad-based strategic marketing and communications firm with experience in creating exposure for small to mid-cap companies. Contact Financial's services include providing advice with respect to corporate development, production and distribution of investor-focused communication tools, and increasing awareness within the financial community. Contact Financial has offices in both Vancouver and Montreal, and is owned by Kirk Gamley. www.contactfinancial.com
About Pioneering Technology Corp: Pioneering, based in Mississauga, Ontario is an "energy smart" technology company and North America's leader in cooking fire prevention technologies and products. Pioneering engineers and brings to market energy-smart solutions for everyday consumer appliances making them safer, smarter, and more efficient. Pioneering's patented cooking-fire prevention technologies/products are engineered to help prevent cooking fires, the number one cause of household fire (a multi-billion dollar problem) in North America. According to the National Fire Protection Association, stovetop cooking is the number one cause of household fire and fire injuries in North America (48% of all household fires - up from 20% in 1980). Pioneering has proprietary cooking fire prevention solutions for the majority of the more than 140 million stoves/ranges and over 140M microwave ovens throughout North America. Pioneering's cooking fire prevention trademarks include Safe-T-element, SmartBurner, RangeMinder & Safe-T-sensor. www.pioneeringtech.com.
For more information please contact:
Pioneering Technology Corp.
Kevin Callahan, President & CEO
Phone: 905-712-2061 ext.222
220 Britannia Road East
Mississauga, ON L4Z 1S6
For investor relations please contact:
Contact Financial Corp.
1450 – 701 West Georgia St.
Vancouver, BC V7Y 1G5
This news release contains certain forward-looking statements that reflect the current views and/or expectations of the Company with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.
The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release