VANCOUVER, British Columbia, Sept. 05, 2018 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC") is pleased to announce it has engaged The Howard Group as its capital markets communications advisor to direct both traditional and online initiatives targeting the investment, institutional, retail investors and investing groups.
The agreement is for one year effective September 1, 2018. The remuneration payable to The Howard Group will be $7,500 per month plus GST. In addition, The Howard Group has been granted four hundred thousand options, vested over twelve months with a three-year term and an exercise price of forty-six cents ($0.46) per share. The Agreement is subject to the approval of the Canadian Securities Exchange.
CEO SHARC International Systems, Mr. Lynn Mueller, commented: "We are delighted to welcome The Howard Group to our team. Their appointment represent an important step in our market communications plans for the next twelve months as we transition to a cash flowing company.”
Since 1988, The Howard Group has provided comprehensive investor outreach and capital markets programs, financing assistance, business development solutions and strategic planning to public companies.
The Howard Group and the associated Insight Limited Partnership II each own one hundred thousand shares and one hundred thousand warrants in SHARC International Systems.
In addition, The Howard Group Inc. will be providing an ongoing commentary on SHARC’s activities through its “Insight blog. Interested parties are encouraged to subscribe to the commentary feed: The Howard Group Blog.
About SHARC International Systems
SHARC International Systems Inc. is a world leader in thermal heat recovery. SHARC systems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water preheating for commercial, residential and industrial buildings. SHARC is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA).
Further information about the Company is available on our website at www.sharcenergy.com or under our profile on SEDAR at www.sedar.com.
ON BEHALF OF THE BOARD
Chairman and Chief Executive Officer
For further information, please contact:
Telephone: (604) 442-2425
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC's actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.