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Thread: AAT.V - ATI Airtest Technologies Inc.

  1. #1
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    AAT.V - ATI Airtest Technologies Inc.

    AAT.V - ATI Airtest Technologies Inc.
    www.airtest.ca

    Price: $0.035
    Common Shares: 34,705,581
    Insider Holdings: 9,445,199
    Options: 3,165,000 at $0.10

    ATI Airtest Technologies is a growing company with revenues increasing and new products ready to be offered. Recently the company announced that they are working to complete a new sales agreement that will give them the ability to remove a substantial amount of debt and allow for a $1 million capital injection for working purposes.

    MD&A Highlights (Ending September 30th 2017) – Available On Sedar

    The Company has been working to finalize a Sales Royalty Agreement that would eliminate a substantial debt from its balance sheet and also provide a $1 million capital injection into the Company in exchange for a series of sales royalty payments to cover the debt and the subsequent advance. Once this is completed, management will revisit several financial sources in its attempt to conclude a more significant long term financing that will finance our anticipated growth and also enable the Company to aggressively pursue its business plan, which includes the marketing of several new wireless products led by the WiFi Carbon Dioxide sensor developed for the DCV market. There has been a pent up demand for a wireless CO2 product and the Company has developed a unique package of WiFi based products that includes a tested and proven WiFi CO2/Temp sensor/transmitter. We have also introduced our new TR9277-EO wireless CO2 sensor that is powered by ambient light, to be sold to EnOcean Alliance companies. AirTest has exclusive global marketing rights for both these new products.

    The Company’s new wireless sensors, RTUiLink package, chiller monitoring package, and dehumidifier monitoring package are just moving into the market and will stimulate abnormal growth commencing in the first half of 2018 provided the necessary working capital is put in place that will allow the Company to aggressively pursue its marketing plan. The new low power CO2 sensor line will also meet some niche market applications and will complement the Company’s existing CO2 sensor offering. The key to executing the Company’s plan for growth will be its ability to finance that growth.

    The asset-based loan from Pivot Financial Inc. in Toronto is secured by the Company’s accounts receivable. Both the shareholder loan and the advances from related parties have been advanced to the company from significant shareholders, therefore Company management is of the opinion that there is limited risk exposure with regard to these two financial instruments.

    For the quarter ended September 30, 2017 the Company had a 6.5% increase in sales from the same period in 2016. The Company reported a net loss before Other Comprehensive Income, of $91,229 for the quarter ended September 30, 2017 which was 35.9% less than the $142,308 operating loss reported for the quarter ended September 30, 2016.

    Sales for the third quarter of 2017 totaled $804,773, up $49,447 or 6.5% above sales for the third quarter of 2016 of $755,326.

    Gross Profit on sales amounted to $282,335 in the third quarter of 2017 compared to $307,365 in the third quarter of 2016, a decrease of $25,030 or 8.1%. Gross margin as a percentage of sales decreased by 5.1% from 2016 third quarter numbers. This was due to the fact that the Company’s sales to OEM customers were strong this quarter, however they are the Company’s lowest margin accounts.

    Total expenses for the third quarter of 2017 were $373,564 compared to $449,673 for the third quarter of 2016, a decrease of $76,109 or 16.9% over the same period in 2016. This decrease was due to a reduction of expenses both in general and admin as well as marketing.

    The Company has been unable to secure non-dilutive long term financing. However management has negotiated a Sales Royalty Agreement with a major debt holder who was prepared to write off the debt and advance $1 million working capital. This agreement would see the debt holder’s commitment repaid over time, however the agreement has not been finalized as of the end of the Third Quarter. Because of the delay in closing the Sales Royalty Agreement management had to arrange two additional short term loans to assist with peak cash demand periods. The SRA is expected to conclude in the fourth quarter of this year and would provide enough liquidity for the Company to aggressively pursue its marketing plan through the next few months. Management would then be in a strong position to raise substantial long term financing to provide the necessary capital to execute their marketing plan, to cover the anticipated growth, and also to finance some important product development projects that will also have a positive impact on future revenues.

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    AAT.V Article By Simply Wallstreet:

    https://simplywall.st/stocks/ca/tech...d-high-growth/

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    Delta, British Colombia (FSCwire) - AirTest Technologies Inc. (“ATI”) (TSXV: AAT) is pleased to announce the Company has signed a Sales Royalty Agreement with Omni Marketing Global.(“OMG”). Under this Agreement, OMG will be eliminating loans and interest owed by ATI for a total debt of $1,013,299. OMG will also advance $1,000,000 of working capital to ATI to be used in developing the business. ATI will pay OMG a royalty on sales monthly effective January 1, 2018 amounting to 5% of sales each month. The monthly royalty payments will be capped at $30,000 per month and the rate of royalty and term of agreement will be reviewed by OMG and ATI on the 3rd anniversary and the 6th anniversary of this Royalty Agreement signing.

    According to ATI president George Graham “this agreement will allow us to aggressively pursue our business plan including a very positive marketing program that will enable our Company to take advantage of the growth opportunity we currently enjoy through the promotion of several new wireless products and systems that are unique to our company. At the same time this agreement will help clean up our balance sheet to assist with future financing”.

    For further information, please contact:

    Mr. George Graham, President
    Phone: (604) 517 3888
    Fax : (604) 517 3900
    Email: ggraham@airtesttechnologies.com
    Website: www.airtesttechnologies.com

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    Updated News Release From AAT.V - Correcting and Replacing: AirTest Announces Financing and Debt Elimination

    DELTA, BC, January 18, 2018 – AirTest Technologies Inc. (“ATI”) (TSXV: AAT) is pleased to announce the Company has signed a Sales Royalty Agreement with Omni Marketing Global.(“OMG”). Under this Agreement, OMG will be eliminating loans and interest owed by ATI for a total debt of $1,013,299. OMG will also advance $1,000,000 of working capital to ATI to be used in developing the business. ATI will pay OMG a royalty on sales monthly effective January 1, 2018 amounting to 5% of sales each month. The monthly royalty payments will be capped at $30,000 per month and the rate of royalty and term of agreement will be reviewed by OMG and ATI on the 3rd anniversary and the 6th anniversary of this Royalty Agreement signing. In the event that ATI breaches any obligation included in the Agreement at some future date, the agreement requires ATI to pay OMG $2,013,299 plus 25% per year that the Agreement has been in effect, less all royalty payments that have been made from ATI to OMG during the term of this Agreement.

    The principal shareholder of OMG is Robert Mebruer who is also the President and CEO of OMG. Mr. Mebruer is also a director of ATI.

    According to ATI president George Graham “this agreement will allow us to aggressively pursue our business plan including a very positive marketing program that will enable our Company to take advantage of the growth opportunity we currently enjoy through the promotion of several new wireless products and systems that are unique to our company. At the same time this agreement will help clean up our balance sheet to assist with future financing”.

    It should be noted that this Sales Royalty Agreement is subject to both disinterested shareholder approval and Exchange approval.

    For further information, please contact:

    Mr. George Graham, President
    Phone: (604) 517 3888
    Fax : (604) 517 3900
    Email: ggraham@airtesttechnologies.com
    Website: www.airtesttechnologies.com

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    AirTest Enjoys Huge Response at the 2018 AHR Expo to its Unique Wireless Product Family That Increases Energy Efficiency of Commercial Buildings

    Delta, British Colombia (FSCwire) - AirTest Technologies (TSXV: AAT) is pleased to announce that it just rolled out its latest family of wireless/internet-connected products at the International AHR Show in Chicago (Jan 22 to Jan 24, 2018). These products are designed to improve the energy efficiency of existing commercial and institutional buildings. According to George Graham, President of AirTest, “I believe this was the most positive trade show we have ever attended, with our extended product offering being so well received. We were able to show how easily energy efficient upgrades, previously only accessible to new construction, could be integrated into existing buildings, which represent some 99% of the building stock.”

    The show allowed the company to highlight its energy efficient building retrofit market focus for 2018. Target markets include big box retail, supermarkets, entertainment facilities, schools, universities, and office spaces. A recent development of a very economical retrofit package for smaller sized retail stores opens a very large market for energy saving in retail chains. Key advantages are fast installation time and low installation cost (compared to wired solutions):
    The TR9277-EO: A zero energy, light harvesting, wirelessly communicating, CO2, temperature and RH sensor that can easily be integrated into existing buildings that have BACnet® based building control networks. Energy savings of 20-50% occur because of demand-controlled-ventilation (DCV) where outside air is controlled based on real time occupancy
    The TR4601 Outdoor Air Monitor: This is a rugged, long lasting and stable weather-station-quality outdoor sensor that measures temperature, humidity, absolute pressure and calculates important control parameters such as dew point, mixing ratio and enthalpy. This Bluetooth communicating sensor can be placed in a central location and broadcast sensor values to control all equipment on a rooftop or in a building complex. This central monitoring product overcomes the lack of accuracy and long life in most HVAC equipment that result in significant energy losses over time.
    RTUiLink Retrofit Kits: AirTest has developed a number of WiFi and Bluetooth communicating sensors and gateways that are designed to significantly improve the performance of the existing 20 million Rooftop Air Handling units (RTU’s) in North America. These sensors offer the ability to quickly and inexpensively retrofit existing RTU’s by utilizing the newest sensor technology available to significantly improve the performance of existing equipment for free cooling, DCV and control of building pressure. Wireless power monitoring is also available to monitor real time energy performance.
    AirTest has also been working with Belimo Inc. a leading provider of control equipment for HVAC equipment. At the show, AirTest featured a wireless performance enhancement kit for Belimo’s ZIP Economizer Control that can easily add CO2 DCV, central outdoor air monitoring and building pressurization control. A special AirTest thermostat is also enabled to display over 30 RTU fault conditions that can be detected by the ZIP Economizer. Display of RTU equipment faults is currently a requirement of the 2016 California Building code and this is one of the few products that can meet this requirement. Timely detection of equipment faults has been determined to save significant energy by maintaining equipment efficiency.
    All of AirTest wireless products have the capability of being connected to the internet where operational data and alarms can be displayed. Text and email messages can also be automatically generated to indicate alarms and the type of fault detected allowing cost effective dispatch of repair personnel.
    According to Graham, “The strong response at and after the show to our offering indicates that we have identified a strong market need for tools that allow for easy and low cost energy efficient upgrades of existing equipment for a wide range of buildings. AirTest anticipates that these tools plus others products to be introduced later this year will enable us to be a leader in helping building owners save energy and optimize the operating efficiency of their equipment on an ongoing basis.”

    Sample AirTest AHR handouts can be downloaded here: www.AirTest.com/ds/AHR2018.pdf

    About AirTest: AirTest Technologies Inc. (www.airtest.com) is a Green-Tech company specializing in sensors that improve commercial building operating efficiency and at the same time create energy savings. These sensors are all based on technical innovations developed in the last ten years, and comprise a growing second wave of energy saving technologies that will make a significant contribution to the Sustainable Buildings Program. AirTest offers its products to leading-edge building owners, contractors and energy service companies targeting the buildings market. AirTest also provides energy cost reduction solutions to building equipment and controls manufacturers who incorporate AirTest sensor components in their products.

    # # #

    Statements about the Company’s future expectations and all other statements in this press release other than historical facts are “forward looking statements”. The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from the expected results.

    For further information, please contact:

    Mr. George Graham, President

    Phone: (604) 517 3888

    Fax: (604) 517 3900

    Email: ggraham@airtesttechnologies.com

    Website: www.airtesttechnologies.com

    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.

    To view the associated document to this release, please click on the following link:
    public://news_release_pdf/AirTest02082018.pdf

    To view the original release, please click here

    Source: ATI Airtest Technologies Inc. (TSX Venture:AAT)

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