CEMATRIX Corporation

Moonshoot Capital Corp.

May 31, 2006 18:12 ET

CEMATRIX Corporation 'Formerly Moonshoot Capital Corp.' Announces Name Change

CALGARY, ALBERTA--(CCNMatthews - May 31, 2006) - CEMATRIX CORPORATION (formerly Moonshoot Capital Corp.) (TSX VENTURE:CVX) (the "Corporation") is pleased to announce that the annual general and special meeting of the shareholders of the Corporation was held on May 31, 2006 where the shareholders approved the name change of the Corporation from Moonshoot Capital Corp. to CEMATRIX Corporation. The shareholders also elected the members to the board for the upcoming year and the board of the Corporation is now comprised of Jeffrey Kendrick, Kirby Cox, David Madsen, Chris Gagnon and Melinda Park. The officers of the Corporation continue to be Jeffrey Kendrick, President, Chief Executive Officer and Secretary and Doris Boychuck, Chief Financial Officer. The Corporation has granted an aggregate of 175,000 stock options to directors and officers of the Corporation. The holders of the options are entitled to purchase common shares at an exercise price of $0.35 per common share for a period of five (5) years from the date of issuance.

The Corporation is situated in Calgary Alberta and, through its wholly owned subsidiary, is a manufacturer and supplier of technologically advanced cellular concrete products with applications in a variety of markets, currently focusing on the oil and gas construction and infrastructure construction markets. Cellular concrete has been utilized as a replacement for rigid and other insulating materials in frost-susceptible or permafrost conditions. Cellular concrete is also used in void filling situations and as a replacement for granular fills and weak or unstable soils. The Corporation is able to vary the cellular concrete properties for specific applications to address common construction problems.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • CEMATRIX Corporation (formerly Moonshoot Capital Corp.)
    Jeffrey Kendrick
    President and Chief Executive Officer
    (403) 219-0484