Novik Inc. appoints Milton Capital Partners for investor communications
13 September 2011 - 2:00AM
PR Newswire (Canada)
QUEBEC CITY, Sept. 12, 2011 /CNW/ -- QUEBEC CITY, Sept. 12, 2011
/CNW Telbec/ - Mr. Michel Gaudreau, President & CEO of Novik
Inc. (TSXV: NVK) is pleased to announce the engagement of Milton
Capital Partners Ltd. ("Milton") as advisor to the Company for
investor communications. "During fiscal 2010 and into fiscal 2011
Novik has been achieving record sales and improving financial
results, while our competitors have experienced declines in the
face of a challenging housing market" commented Michel Gaudreau,
President and CEO. "Given our strong past performance and positive
outlook, we believe that the timing is right to market the Novik
story more broadly throughout the investment community." Milton
will assist Novik in optimizing its investor communications
initiatives, with the intent of increasing Novik's profile within
the investment community. Under the terms of the engagement,
Novik will pay Milton a monthly fee of $6,000 and will grant Milton
100,000 stock options at an exercise price of $0.44. The stock
options will vest over a 12 month period on the basis of 25,000
shares per quarter in accordance with the policies of the TSX
Venture Exchange. With offices in Montreal and Toronto, Milton
provides investor communications and capital markets advisory
services to established and emerging growth companies across
different industry sectors. The principals at Milton have extensive
expertise in advising public companies on all aspects of the
capital markets, and work selectively with clients to help them
achieve their objectives. Readers may visit at
www.miltoncapitalpartners.com to learn more about Milton. About
Novik Novik Inc. is a leader in the manufacturing and marketing of
innovative polymer exterior siding and roofs, replacing traditional
materials such as stone, brick, and wood at a lower cost. The
target market is the global residential and commercial construction
industry. Readers may visit at www.novik.com to learn more about
Novik. Forward-looking statements contained in this press release
involve known and unknown risks, uncertainties or other factors
that may cause actual results, performance or achievements of the
company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. To view this news release in HTML
formatting, please use the following URL:
http://www.cnw.ca/en/releases/archive/September2011/12/c2314.html p
bSource : /b /p p Novik inc. /p p bFor further information/b:
/p p Michel Gaudreaubr/ Presidentbr/ Tel. : (418) 878-6161br/
E-mail : a
href="mailto:micgau@novik.com"micgau@novik.com/a /p p Pascal
Bouthotbr/ Vice-President, Financesbr/ Tel. : (418) 878-6161br/
E-mail : a
href="mailto:pasbou@novik.com"pasbou@novik.com/a /p
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