QuStream Corporation

QuStream Corporation

July 10, 2008 17:06 ET

QuStream Corporation Grants Options to CHF Investor Relations

TORONTO, ONTARIO--(Marketwire - July 10, 2008) - QuStream Corporation ("QuStream" or the "Company") (TSX VENTURE:QVC), an innovative global provider of high-definition (HD) broadcast solutions selected by NBC to outfit their facilities for coverage of the 2008 Beijing Olympics, today reported that its Board of Directors has granted incentive stock options to CHF Investor Relations as part of its compensation for IR services for which they have been engaged since April 2008.

Subject to approval by the TSX Venture Exchange CHF Investor Relations is the recipient of 70,000 options to purchase QuStream shares at an exercise price of $0.90 per share, vesting in equal portions over five years and expiring on May 24, 2013.

About QuStream Corporation:

QuStream, embracing the PESA brand and FortelDTV™ technology, is a global provider of integrated solutions to the creators and distributors of professional video content including the high-definition television and professional audio/video market segments. QuStream is headquartered in Toronto, Canada, with offices in the U.S., Europe and Asia. For more information, visit QuStream at www.qustream.com.

To receive Company news by email, please send a message to sasha@chfir.com indicating "QuStream news" on the subject line.

Forward-Looking Statements

The statements made in this press release that are not historical facts contain forward-looking information that involves risk and uncertainties. All statements, other than statements of historical facts, which address QuStream's expectations, should be considered forward-looking statements. Such statements are based on management's exercise of business judgment as well as assumptions made by and information currently available to management. When used in this document, the words "may", "will", "anticipate", "believe", "estimate", "expect", "intend" and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect our current view of future events and are subject to certain risks and uncertainties as contained in the Company's filings with Canadian securities regulatory authorities, which in relation to this press release include, but are not limited to, our expected fiscal 2008 organic revenue growth, our expected future design wins, and our expected market share across various customers and product segments. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation, and do not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize.

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

Contact Information

  • QuStream Corporation
    Frederick L. Godard
    Chairman, President and CEO
    (416) 385-2323 x 200
    Email: fgodard@qustream.com
    Website: www.qustream.com
    CHF Investor Relations
    Christopher Haldane
    Account Manager
    (416) 868-1079 x 237
    Email: chris@chfir.com
    CHF Investor Relations
    Sasha Abrams
    Associate Account Manager
    (416) 868-1079 x 246
    Email: sasha@chfir.com