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Sonomax Hearing Healthcare Inc. Grants Stock Options
(Market Wire Via Thomson Dialog NewsEdge) MONTREAL, QUEBEC, October 18 / MARKET WIRE/ --
Sonomax Hearing Healthcare Inc. (TSX VENTURE: SHH) announces that on October 4th, 2007, its Board of Directors granted an aggregate of 3,440,000 stock options to three of Sonomax's Officers and Directors and five of its Directors. The exercise price of the options is $0.40, representing the closing price of Sonomax's shares on the TSX Venture Exchange on October 18th, 2007. The options expire on October 18th, 2012.
The Board of Directors also granted an aggregate of 200,000 stock options to two investor relations consultants. The exercise price of the options is $0.30, representing the closing price of Sonomax's shares on the TSX Venture Exchange on October 18th, 2007, discounted by 25%. The options expire on October 18th, 2008.
The options were granted under Sonomax's 2001 Stock Option Plan. Following the grants, 2,576,274 options remain available under the stock option plan.
The common shares of Sonomax are listed on the TSX Venture Exchange (SHH).
About Sonomax Hearing Healthcare Inc.
Sonomax Hearing Healthcare Inc is a leader in the development and manufacturing of intra-ear technology for hearing protection, hearing enhancement, and other auditory applications.
Sonomax created SonoCustom(TM), a unique expansion earpiece and a highly efficient gatekeeper between sounds and eardrums, and SonoPass(TM) fit validation software, whose capability has been expanded so that it can now test hearing protectors other than SonoCustom(TM), with the objective of establishing individual fit-testing of hearing protectors as the universal standard.
The Company's SonoPlatform(TM) is the foundation for state-of-the-art hearing aids, active and passive earpieces for military use, and cellular telephone and entertainment digital wireless applications.
This news release contains certain forward-looking statements that reflect the current views and/or expectations of Sonomax Hearing Healthcare Inc. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Sonomax Hearing Healthcare
Nick Laperle, President
514-932-3745nlaperle@sonomax.comwww.sonomax.com
Copyright 2007 Market Wire, Incorporated
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