Axino AG Titanium Will Make Push Into Europe for Investor Relations Exposure
Jun 16, 2004 (financialwire.net via COMTEX) -- (FinancialWire) Titanium Corporation Inc. (TSX Venture: TIC) said it has retained AXINO AG, a specialist in Corporate Communications based in Stuttgart, Germany, to perform investor relations services on behalf of the Corporation in Europe.
CEO Wolfgang Seybold will be primarily responsible for performing the investor relations services. Mr. Seybold became head of investor relations consulting at AXINO AG in July 2000 and is a member of AXINO's board of management, responsible to operations and corporate strategy.
AXINO will distribute and disseminate information to present and potential European investors, fund managers, financial analysts, investment bankers, stockbrokers, financial media and other interested parties. AXINO will receive, review and screen investor inquiries on behalf of the Corporation and reply to or forward such inquiries to appropriate managers of the Corporation
The term of the agreement with AXINO will be until December 2004 and is extendable for an additional six-month term, but is terminable upon 30 days notice by either party. Titanium Corporation has agreed to pay AXINO approximately $4,100 per month (2,500 EUR) for investor relations services including registration on its IR-portal www.goldinvest.de .
Titanium Corporation has also agreed to reimburse AXINO for its reasonable out of pocket expenses pre-approved by the Corporation.
Titanium Corporation has also agreed to pay approximately $22,900 (14,000 EUR) for assistance with obtaining a listing of Titanium Corporation's shares on the Frankfurt stock exchange including stock exchange fees as well as assisting the Corporation with the preparation and submission of the listing application. As part of this fee, AXINO will introduce the Company to private investors and program the Corporation's German Corporate website.
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