CALGARY, ALBERTA--(Marketwire - Jan. 23, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Times Three Wireless Inc. (TSX VENTURE:TTW) ("Times Three" or the "Company") is pleased to announce that it has appointed Spinnaker Capital Markets Inc. ("Spinnaker") as its capital markets and investor relations advisor.
The agreement is for a term of twelve months from November 6, 2012 to November 6, 2013. Spinnaker's mandate is to help Times Three to develop and expand the network of investors, analysts, and financial intermediaries who are interested in the Company's growth and investment story. Spinnaker will provide a full range of services for a monthly fee of $5,000. The Company has also granted 300,000 stock options at a price of $0.10 per share to Spinnaker as part of the agreement and has committed to a future grant of an additional 450,000 options. The agreement is subject to the approval of the TSX Venture Exchange.
"We look forward to working with the first-rate team at Spinnaker to develop a comprehensive investor relations program aimed at educating and informing analysts, shareholders and prospective investors about Times Three's business plans, activities and achievements", said Dave Guebert, Times Three's CFO.
Spinnaker is Toronto based advisory firm which provides TSX and TSX.V listed companies with an array of advisory services from investor relations to the strategic positioning of companies for maximum exposure amongst targeted research analysts, and retail and institutional investors. Spinnaker has long-standing relationships with Canadian, American and European investment banking, asset management and retail brokerage firms with a focus on the small to mid-capitalization market segment.
About Times Three
Times Three, originally founded in 1995 as Cell-Loc Inc., is a technology innovation and licensing company based in Calgary with offices in Toronto, Austin and Dallas. It has a long history of innovation and successful product development in wireless location technologies and continues to build and license its portfolio of important patents and intellectual property.
The Company's proprietary narrow band location and telemetry technology has been successfully implemented and licensed to an operator of a 1500 square kilometer wireless network in Sao Paolo, Brazil.
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.