EnWave Corporation
TSX VENTURE : ENW
FRANKFURT : E4U

EnWave Corporation

June 03, 2008 09:30 ET

EnWave Engages European Investor Relations Firm

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 3, 2008) - EnWave Corporation (TSX VENTURE:ENW) ("EnWave", or the "Company"), has engaged the services of AXINO AG ("AXINO") of Stuttgart, Germany to undertake investor relations activities for the Company in Germany and other European countries. AXINO is an investor relations agency providing a wide range of services to companies to help broaden investor exposure, develop a shareholder following and identify financing opportunities in the European financial markets.

AXINO will assist with the coordination and dissemination of Company news and information to European brokers and brokerage houses, and will work to provide EnWave with introductions to interested European investors through newsletters and the media. AXINO will also develop and maintain a German-language website for EnWave, and support EnWave's current listing on the Frankfurt Stock Exchange under the symbol E4U.

John McNicol, President and Co-CEO of EnWave, stated that, "The appointment of AXINO to assist the Company with our European investor relations activities will provide EnWave with new momentum in shareholder activity. AXINO is an established and successful group of investor relations professionals, and I am confident that their work will complement our mission of establishing Radiant Energy Vacuum technology as an industry standard in the global market place."

The agreement with AXINO has an initial term of six months from this date, and the Company has granted 200,000 incentive stock options to AXINO at an exercise price of $0.38 for a period of five years, subject to regulatory approvals and applicable securities laws under the terms of the stock option agreement as set forth by the Company. The options will have a four month hold as required by TSX Venture Exchange policies and securities law, and will vest in equal parts every three months over a period of one year. AXINO will also receive monthly payments of _2,500, along with pre-approved expenses. Except for the foregoing, AXINO does not hold any interest, directly or indirectly, in EnWave or its securities, or any right or intent to acquire such an interest.

EnWave has also approved the issuance of 100,000 incentive stock options pursuant to the Company's Stock Option Plan, at an exercise price of $0.38 for a period of five years to a consultant independent from AXINO, offering general financial and corporate advisory services for the European market. The options will have a hold period of four months as required by TSX Venture Exchange policies and securities law, and are subject to regulatory approval.

About AXINO

AXINO is a multi-tiered full-service investor relations agency specializing in representing resources sector and specialty technology companies wishing to obtain investor exposure, develop a shareholder following and seek financing opportunities in the European financial markets with a special focus on the German speaking financial communities. Some of AXINO's Canadian clients include Burcon Nutrascience Corporation, Western Potash Corporation and Commerce Resource Corporation. For more information about AXINO see www.axino.com.

About EnWave

Using proprietary technologies developed in conjunction with the University of British Columbia, EnWave is focused on the development of new methods of dehydrating biological and food materials using Radiant Energy Vacuum technology under its bioREV, nutraREV and powderREV brands. REV technology combines microwave energy transfer with pressure control to dehydrate and alter structures and drive chemical reactions, thereby creating unique product characteristics for both food products and medical applications that include dry vaccines and antibodies. More information about EnWave is available at www.enwave.net.

EnWave Corporation

John McNicol, President & Co-CEO

Safe Harbour for Forward-Looking Information Statements: This release may contain forward-looking information based on management's expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the Company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements.

Contact Information

  • EnWave Corporation
    Dr. Tim Durance
    Chairman and Co-CEO
    (604) 601 8524
    or
    EnWave Corporation
    Mr. John McNicol
    President and Co-CEO
    (604) 601 8524
    (604) 806-6112
    or
    EnWave Corporation
    Jennifer Thompson
    Investor Relations
    (604) 604-6549
    www.enwave.net