Sensio Technologies Inc SNIOF

News Release....product for sale???

[ice148]

https://www2.cdn-news.com/scripts/ccn-release.pl?/current/0111013N.html NEWS RELEASE TRANSMITTED BY CCN NEWSWIRE FOR: SINETEC HOLDINGS CORPORATION CDNX SYMBOL: SIO JANUARY 11, 2002 - 09:02 EST SineTec Holdings Corporation: Corporate Update CALGARY, ALBERTA--SineTec Holdings Corporation ("SineTec" - CDNX symbol: SIO) reports that, subject to regulatory and exchange approvals, it will be undertaking a funding for a maximum $200,000 via the private placement of units to close friends and associates under the Section 107(1)(z) exemption from prospectus requirements. The units will be priced at $0.10 per unit, each such unit consisting of one common share and one share purchase warrant. Each six such warrants will be exercisable for a period of 12 months into one common share at a price of $0.11 per share. Maximum shares issuable will be 2,000,000 as well as 333,334 shares pursuant to the exercise of the warrants. The securities issued will be subject to a 12 month hold period. There are no agent's fees paid or payable on the transaction. Initial production of SineTec's FreedomPLUS cellular phone adapter has commenced in China, shipments are scheduled to arrive in California shortly, and US marketing and sales activities are underway. The current placement should enable the company to undertake its commitments to sell its products in a timely fashion. The revenue contribution for the initial run of 10,000 units is anticipated to be approximately $500,000 Cdn. The second run of 20,000 units should commence as soon as the initial run has been sold. SineTec will also proceed with the expansion of the existing FreedomPLUS product line from two to four products, as well as the commencement of research and development for the next group of enhanced products. The FreedomPLUS handsfree cellular adapter is the first work anywhere cellular speaker phone adapter. It can be used in a vehicle, in the home or in an office - using no wires, no plug ins, and no hands. The initial FreedomPLUS is the basis for SineTec's product portfolio for the wireless industry. It has been specifically designed as a platform which will allow future enhancements for both voice and data as networks and cellular telephones become inherently more capable. Stephanie Savyn, Secretary-Treasurer -30- FOR FURTHER INFORMATION PLEASE CONTACT: SineTec Holdings Corporation Stephanie Savyn [phone] The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.