Montec Holdings Inc.

Montec Holdings Inc.

June 16, 2005 07:30 ET

Montec Holdings Inc. Announces Grant of $225,000 Secured Loan to Arrista Technologies Inc.

MONTREAL, QUEBEC--(CCNMatthews - June 16, 2005) - Montec Holdings Inc., a capital pool company listed on the TSX Venture Exchange (TSX VENTURE:MTE.P), announces that it will grant Arrista Technologies Inc. a secured loan of $225,000 pursuant to Policy 2.4 of the TSX Venture Exchange dealing with Capital Pool Companies. The proceeds from the loan will be used by Arrista Technologies to fund the purchase of materials required to support ongoing sales of its SignalReach products until completion of the Qualifying Transaction announced earlier this year on May 31, 2005 by Montec Holdings. The loan is subject to the prior approval of the TSX Venture Exchange.

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

Contact Information

  • Montec Holdings Inc.
    Myer Bentob, Chairman of the Board of Directors
    and Chief Executive Officer
    (514) 630-7262