VANCOUVER, BC – BioteQ Environmental Technologies Inc. (TSX VENTURE:BQE) reports that it has signed an agreement on January 5, 2007 with Ms. Caren Holtby, based in British Columbia, Canada, for investor relations services.
Ms. Holtby has been assisting public companies in Canada with their communications and investor relations since 1994, where she began her career assisting ALI Technologies communicate to investors until the company was purchased in 2002. Communication services will include: investor relations planning, shareholder communications, and coordination of shareholder communications activities with Wolfe, Axelrod and Weinberger and manage BioteQ’s investor database.
The term of the contract is one year and the Company has agreed to pay an hourly rate of $125 per hour for up to 3 days per month, plus allowable expenses. In addition, the Company has approved incentive compensation in the form of options to purchase 50,000 fully paid and non-assessable shares of common stock of BioteQ, with an exercise price of CAD$2.00, vesting in equal portions over three 6 month periods. The agreement and allocation of options is subject to approval of the TSX Venture Exchange. Each option will have a five year duration from the date of issue.
BioteQ is establishing itself as a leader in the treatment of acid contaminated water through the use of its patented BioSulphide® Process, ChemSulphide™ Process and related sulphide technologies. Focused on the mining industry, BioteQ has partnered with leading metal producers including Phelps Dodge, Breakwater, INCO, Jiangxi Copper, Codelco and Falconbridge (Xstrata) as well as utilities operator EPCOR Water Services, to finance, design, build and operate mine site water treatment plants which recover saleable metals in addition to meeting ever stricter environmental regulations.
On behalf of the Board of Directors