Kolombo Announces Extension of Warrants Term
03 May 2008 - 6:19AM
Marketwired
MONTREAL, QUEBEC (TSX VENTURE: KOL) is pleased to announce that,
subject to the approval of the regulatory authorities having
jurisdiction over the securities of the Corporation, Kolombo has
agreed to extend the term of 2,579,000 share purchase warrants (the
"Warrants"), each allowing their holder to purchase one additional
common share of Kolombo at a price of $0.80 per share, to November
3, 2008. These outstanding Warrants were initially going to expire
on May 3, 2008
About Kolombo (www.systemekolombo.com)
Kolombo was founded in Quebec City in 2000. Its common shares
are listed on the TSX Venture Exchange (TSX VENTURE: KOL). The
Corporation is focusing its activities on the research,
technological development and commercialization of vehicle
management, protection and anti-theft systems, in particular for
heavy machinery, trailers and commercial merchandise.
Distribution of Kolombo's products is ensured by Detroit Diesel
Allison Canada East, a major distributor of engines and
transmissions for trucks and heavy machinery and a member of the
Wheeltime network, which has 225 branches in North America
(www.ddace.com). Installation of Kolombo's products is provided by
Ajilon, a subsidiary of Adecco, a world leader in the
communications and project management industry with 6,600 offices
in 70 countries (www.ajiloncom.com).
Local or international land transport, industrial complexes and
widespread work sites, all present security challenges for their
managers. Kolombo's technological platform offers these various
clienteles both reliability and flexibility with made-to-measure
solutions for specific applications.
For further information on Kolombo Technologies Ltd, please
consult the Corporation's website www.systemekolombo.com.
The TSX Venture Exchange does not approve nor accept
responsibility for the adequacy or accuracy of this press
release.
Contacts: Kolombo Technologies Ltd. Mr. Fouad Choucair Chairman
and Chief Financial Officer 514-992-8561
fouad.choucair@kolombotech.com HKDP Communications and Public
Affairs Frederic Berard 514-395-0375, ext. 230
fberard@hkdp.qc.ca
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