VANCOUVER, March 31, 2017 /CNW/ - LITE ACCESS
TECHNOLOGIES INC. ("Lite Access") (TSX VENTURE: LTE)(OTC PINK: LTCCF) announces that its board of directors has granted stock
options to its key employees and management as part of Lite Access' annual employee bonus plan. In total, Lite Access
granted 646,000 stock options, exercisable at a price of $3.72 per share for a period of three to
five years from the date of grant and are subject to various vesting provisions.
About Lite Access
Lite Access is a world leader in Microduct and fibre optic technologies. Using its specially designed and innovative
micro / narrow trench and alternate methods of deployment, Lite Access' proprietary Microduct technology extends a network
provider's ability to deliver true broadband connectivity directly to end-users, such as homes, government and educational
institutions, and emergency response facilities. Providing a full portfolio of fibre connectivity solutions for many types of
Telecom infrastructure, Lite Access has successfully deployed or enabled deployment of thousands of kilometres of Microduct
networks throughout North and South America, South Africa, the
United Kingdom, the Caribbean, Australia and Asia.
Lite Access' products have been deployed in many high-profile communication networks including the Whistler 2010 Winter
Olympic facilities, communities throughout British Columbia, the USA and Alberta as well as numerous Global telecoms that have adopted Lite
Access as the "solution of choice" for future proof fibre optic connectivity solutions. Providing total Integrated
Solutions including proven and approved alternate deployment methodologies, Lite Access remains flexible and innovative in its
commitment to enable global clients and partners with the most cost effective and proven fibre connectivity available.
Forward Looking Information
This news release contains statements that, to the extent they are not recitations of historical fact, may constitute
"forward-looking statements" within the meaning of applicable Canadian securities laws. Lite Access uses words such as "may",
"would", "could", "will", "likely", "expect", "believe", "intend" and similar expressions to identify forward-looking statements.
Any such forward-looking statements are based on assumptions and analyses made by Lite Access in light of its experience and its
perception of historical trends, current conditions and expected future developments. However, whether actual results and
developments will conform to Lite Access' expectations and predictions is subject to any number of risks, assumptions and
uncertainties. Many factors could cause Lite Access' actual results to differ materially from those expressed or implied by
the forward-looking statements contained in this news release. Such factors include, among other things: risks and uncertainties
described in Lite Access's most recent Management Discussion & Analysis (MD&A) for the period ended December 31, 2016 which can be accessed at www.sedar.com . The "forward-looking statements" contained herein speak only as of the date of this
press release and, unless required by applicable law, Lite Access undertakes no obligation to publicly update or revise such
information, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Lite Access Technologies Inc
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