Armada Data Retains Integrated Investor Relations Inc.
Mississauga, Ontario CANADA, Aug 19, 2009 (Filing Services Canada via COMTEX) --
Armada Data Corporation (ARD - TSX Venture), is pleased to announce it has engaged Integrated Investor Relations Inc., ('Integrated') to perform investor relations services for the company commencing August 19, 2009.
Richard Buzbuzian is the President and CEO of Integrated, and was formerly a Director, and Chairman of the Audit Committee of Armada and brings over 10 years of working knowledge and experience in the investment industry to his new role with the company as its investor relations consultant. Mr. Buzbuzian also remains a shareholder in Armada.
The term of the contract with Integrated is for 18 months which can be cancelled by Armada providing 30 days notice after six months. Terms of the agreement include a monthly fee of $2,500 payable to Integrated and 270,000 options vesting 1/3 every 6 months after the grant date having an exercise price of $0.15 per share and a term of five years, all subject to TSX Venture Exchange approval.
"As sales revenues continue to rise and Armada becomes increasingly profitable, the time to articulate the investment merits of share ownership in Armada Data Corp. has never been better. We have just now declared our first dividend in the Company's history and look forward to reporting to shareholders our year end results for fiscal 2008-2009 as they become available" reports Mr. Paul Timoteo, President and CFO.
About Armada Data Corp.
Armada Data Corp. is a profitable web-enabled Automobile Information Services Company providing accurate and real-time pricing data, to institutional and retail customers on a fee-for-service basis, through developing, owning and operating automotive related websites and providing information services to its clients.
Armada Data Corp shares are listed on the TSX Venture exchange under the trading Symbol ARD. Armada has 13,598,831 shares outstanding.
For further information, please contact:
Armada Data Corporation
Mr. Paul Timoteo, President & CFO
Tel 1-866-453-6995 ext 224
Email: PT@ArmadaData.com
Or
Investor Relations; please contact Mr. Richard Buzbuzian at Integrated Investor Relations Inc. Tel 647-501-3290 or email: RBuzbuz@Interlog.com
Public Relations; please contact Mr. Nelson Hudes at Hudes Communications International Tel 905-660-9155 or email: Nelson@HudesCommunications.com
Neither 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.
1230 Crestlawn Drive
Mississauga, Ontario
L4W 1A6, CANADA
Tel: 866-453-6995
Fax: 905-624-1615
Canada's premier source for automobile pricing data.
Source: Armada Data Corporation (ARD - TSX-V) http://www.armadadatacorp.ca
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