ATI Airtest Technologies Inc.
FOR IMMEDIATE RELEASE
AIRTEST RECALLS ASSIGNMENT OF THE AIRWARE LICENSE AGREEMENT FROM CLAIRTEC
DELTA, BC, Sept. 8, 2010 - ("AirTest", TSXV: AAT) On May 13, 2010, AirTest announced it was assigning the Airware License Agreement to ClairTec Inc., a US subsidiary formed
by AirTest for the purpose of financing and commercializing the new technology. After exploring numerous financing options in the United States, it was determined by AirTest's
Management that the best approach to financing this opportunity without further compromising AirTest's position in ClairTec Inc., would be to execute the financing through AirTest
and not through the US company. To that end, AirTest has regained 100% control over the Airware License and is pursuing its new financial plan.
"Over the first half of this year, our existing business has increased significantly, bringing us to a position of consistently positive operating results" said George Graham,
CEO "this improved financial position will allow us to pursue a less dilutive approach to financing the Airware technology opportunity".
With the company taking this new direction, Mr. Paul Kacir has tendered his resignation from ClairTec Inc. and is pursuing other interests.
About AirTest: AirTest Technologies (www.airtesttechnologies.com) is a Green-Tech company
specializing in sensors that improve commercial building operating efficiency and at the same time create energy savings. These sensors are all based on technical innovations
developed in the last ten years, and comprise a growing second wave of energy saving technologies that will make a significant contribution to the Sustainable Buildings Program.
AirTest offers its products to leading-edge building owners, contractors and energy service companies targeting the buildings market. AirTest also provides energy cost reduction
solutions to building equipment and controls manufacturers who incorporate AirTest sensor components in their products.
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Statements about the Company's future expectations and all other statements in this press release other than historical facts are ?forward looking statements?.
The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to
change at any time, the Company?s actual results may differ materially from the expected results.
For further information, please contact:
Mr. George Graham, President
Phone: (604) 517 3888
Fax: (604) 517 3900
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.