Mountain Capital Inc.

Mountain Capital Inc.

March 17, 2009 03:02 ET

Mountain Capital Inc. Hires PaRadox Public Relations Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2009) - Blair Naughty, President of Mountain Capital Inc., ("MCI" or the "Company") (TSX VENTURE:MCI)(FRANKFURT:MHN) is pleased to announce that the Company has entered into an investor relations contract with PaRadox Public Relations Inc., ("PPR") of Montreal, Quebec.

Services to be provided to the company by PPR include: national marketing to the Canadian investment community, use of PPR's proprietary database and contacts, updating the Company's corporate message and corporate profile, organizing presentations on behalf of the Company, and providing an e-mail service and incoming call service.

PPR has been engaged pursuant to a 12-month agreement effective March 16th 2009 in which the Company has agreed to pay PPR $5,000 per month. Either party may terminate the contract after six months.

Additionally, the Company has granted PPR incentive share purchase options pursuant to its stock option plan entitling PPR to purchase a total of 420,000 common shares in two tranches, at an exercise price of 10 cents per share. Mr. Blair Naughty, President of the Company, has requested that the Company cancel 200,000 of his stock options in order to make available the first tranche. The first tranche of 200,000 stock options will be exercisable for a period of 2 years from March 16th 2009, subject to vesting provisions as follows:

(a) 50,000, three months from the date of grant;

(b) 50,000, six months following the date of grant;

(c) 50,000, nine months following the date of grant; and

(d) the balance 50,000, 12 months from the date of grant.

The second tranche of 220,000 stock options will be granted at 10 cents per share, when such number is available for granting and will be exercisable for a period of 2 years from the date of grant, subject to vesting provisions as follows:

(a) 55,000, three months from the date of grant;

(b) 55,000, six months following the date of grant;

(c) 55,000, nine months following the date of grant; and

(d) the balance 55,000, 12 months from the date of grant.

President of PPR, Eric Leboeuf stated, "We are very excited at PaRadox to be working with a progressive company like Mountain Capital. The company is aggressively entering the lithium exploration and mining arena, which we at PaRadox feel will be one of the leading mining sectors in the future. With the new green initiatives that the United States and the rest of the world are undertaking, we feel that the commonplace use of the electric car will soon be a reality. The Lithium-ion battery is at the forefront of this new technology, and if, as expected, it emerges as the overwhelming technology of choice, lithium could be in extremely short supply in the coming years. Mountain Capital has positioned itself, as a result of its truly forward looking philosophy, to take advantage of future opportunity in the lithium markets, well ahead of the competition."

President of Mountain Capital, Blair Naughty stated, "We are pleased to have secured the services of PaRadox Public Relations. The average investor or institution, it seems, is not well versed regarding the applications of the element. It is our feeling that Paradox Public Relations, through their many channels, can aid in marketing the potential of both lithium and our Company by providing what may be termed 'educational assistance'. We look forward to working with a young and dynamic company like PaRadox Public relations."

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement in this release containing words such as "believes", "plans", "expects" or "intends" and other statements that are not historical facts are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Contact Information

  • Mountain Capital Inc.
    Blair Naughty
    President and Chief Executive Officer
    (604) 669-0401
    (604) 669-0414 (FAX)