QCC Technologies Inc.

QCC Technologies Inc.

August 29, 2005 18:57 ET

QCC Technologies Inc.: Redemption of Series I Preferred Shares

CALGARY, ALBERTA--(CCNMatthews - Aug. 29, 2005) - QCC Technologies Inc. ("QCC") (TSX VENTURE:QCC) announces that it has redeemed a total of 1,350,000 of its outstanding Series 1 Preferred Shares, held by Golden Opportunities Fund Inc. ("GOF"), at the redemption price of $0.55 per share, in the total amount of $742,000, by issuing to GOF a demand non-interest bearing promissory note in the principal amount of $742,500. The amount due under this promissory note was subsequently settled in full by the payment of $270,000 by QCC to GOF.

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

Contact Information

  • QCC Technologies Inc.
    Bob Waddell
    Chief Financial Officer
    (403) 508-2255