Symax Lift (Holding) Co. Ltd.

Symax Lift (Holding) Co. Ltd.

March 23, 2010 16:40 ET

Spinnaker Capital Markets Inc. Engaged by Symax Lift Holding Co. Ltd. as Capital Markets Advisor

TORONTO, ONTARIO--(Marketwire - March 23, 2010) - Symax Lift Holding Co. Ltd. ("Symax" or the "Company") (TSX VENTURE:SYL), a China based assembler and manufacturer of elevators and escalators, today announced that it has engaged Spinnaker Capital Markets Inc. ("Spinnaker") as its Investor Relations and Capital Markets Advisor, effective March 22, 2010. Spinnaker will receive a monthly fee of $6,000, in addition to 75,000 Stock Options with a strike price of $0.15 per common share.

During its mandate, Spinnaker will provide Symax with strategic counsel and assist the Company with investor outreach, trading, research, the development of Symax's investor presentations and news releases.

Spinnaker is a Toronto-based advisory firm which provides small- and mid-cap publicly-listed companies with an array of services tailored to raise capital, target and attract institutional and retail investors, increase shareholder value and chart a long-term course for success.

Spinnaker has long-standing relationships with Canadian, American, and European investment banks, asset management firms, and retail brokerage houses, which provide their clients with access to capital, research coverage, and retail and institutional market support.

The agreement with Spinnaker is subject to TSXV approval.

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