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June 5, 2001

ATI Airtest Technologies Inc. (CDNX Symbol AAT)

Airtest Announces Settlement with Minty

Vancouver: Mr. George Graham the President of ATI Airtest Technologies would like to announce the signing of a Settlement Agreement with Mr. Colin Minty, who had resigned his employment and his position as an Officer of the Company in February of this year.

The agreement releases both sides from their respective commitments under a Management Services Agreement, with the exception of certain provisions of the non-competition agreement. As part of the agreement Mr. Minty has agreed that the next two releases of escrow shares, totaling 405,000 shares, will be returned to the Company's treasury, and he has agreed to sell his free-trading shares with the Company agreeing to assist him in this regard.

As part of the Agreement as it pertains to the non-compete clause, the Company has agreed that Mr. Minty will be able to sell certain products and services on a non-exclusive basis. Inventory and capital equipment, related to those products will be transferred from the Company to Mr. Minty. The total value is approximately $50,000.00. The Company will also assign the patent on the Aerial Pipeline Surveillance System back to Mr. Minty. In addition Mr. Minty will be reimbursed $15,000 (Cdn) for expenses incurred on behalf of the Company, and the Company will transfer the lease and all future responsibility for the vehicle used by Mr. Minty to Mr. Minty's name.

The agreement is subject to approval by the Canadian Venture Exchange

For further information, please contact:

Georgia West Management Inc.
Phone: (604) 868 1000
Toll Free: (877) 868 1001

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Published: June 05, 2001 Last Updated: October 18, 2007