I guess now they will be doing the roll back...

VK

ATI Airtest closes $280,000 financing

2010-12-06 09:45 ET - News Release

Mr. George Graham reports

ATI AIRTEST TECHNOLOGIES INC. CLOSES PRIVATE PLACEMENT

ATI Airtest Technologies Inc. has closed its non-brokered private placement financing previously announced in Stockwatch on Aug. 25, 2010. The placement resulted in gross proceeds of $280,000 as it was oversubscribed by $30,000 from the announced $250,000 expected gross receipts.

The company will issue 5.6 million units at a price of five cents per unit to nine placees. Each unit consists of one common share and one common share purchase warrant, entitling the holder to acquire one common share at an exercise price of 10 cents plus one warrant. The shares and any shares acquired upon exercise of the warrants are subject to a four-month hold period from the date of issue.

The proceeds from this offering will be used for the continuing development of the new sensor technology invented by Airware Inc. and under exclusive licence to Airtest. Additional financing will be required when the first commercial product moves into the production phase in early 2011.