Advitech Inc.
TSX VENTURE : AVI

Advitech Inc.

September 28, 2005 09:00 ET

Advitech Announces the Eligibility of its Common Shares to the SME Growth Stock Plan

QUEBEC CITY, QUEBEC--(CCNMatthews - Sept. 28, 2005) - Advitech Inc. (TSX VENTURE:AVI) announces it has obtained an advance ruling from the ministere du Revenu du Quebec confirming that its common shares are eligible as valid shares pursuant to the SME Growth Stock Plan.

As a result, common shares of Advitech purchased on the secondary market can be used to replace a qualifying share or security disposed of by an individual for a "covering" operation in accordance with the SME Growth Stock Plan.

Common shares of Advitech have been included on the list of valid shares drawn up by the Autorite des marches financiers ("AMF").

About Advitech

Advitech is a Canadian biotechnology company specializing in the development of treatments for chronic immune-mediated inflammatory diseases (I.M.I.D.). Its main platform, XP-828L, is a patented natural growth factor composition derived from dairy proteins with immuno-modulating properties. Advitech's common shares are listed on the TSX Venture Exchange under the symbol AVI. The number of common shares outstanding is 54,799,818.

This press release contains forward-looking statements which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. The reader is cautioned not to rely on these forward-looking statements.

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

Contact Information

  • Advitech Inc.
    Michel Lamontagne, MBA
    Vice-President and Chief Financial Officer
    (418) 686-7498, ext. 237
    Email: m.lamontagne@advitech.com
    Website: www.advitech.com
    or
    Echoes Financial Network Inc.
    Dominic Sicotte
    Media and Investors
    (514) 842-9551, ext. 236
    or
    Echoes Financial Network Inc.
    Martin Lavoie
    Media and Investors
    (514) 842-9551, ext. 231
    Website: www.roadshows.tv