For Immediate Release – October 7, 2005
Toronto, Ontario – Spectra Inc. (SSA: TSX Venture) has granted options to management and employees to purchase up to 125,000 common shares pursuant to the Corporation’s Stock Option Plan. The options carry an exercise price of 10 cents per share, expiring October 10, 2010. Additionally, Spectra Inc. has granted options to three Consultants to purchase up to 950,000 common shares at an exercise price of 10 cents per share, expiring August 31, 2010.
Spectra Products Inc. is the Toronto-based North American designer, manufacturer and distributor of Brake Safe®, the visual brake stroke indicating system and Brake Inspector®, the company’s electronic in-cab air brake diagnostic system. During the recent Operation Air Brake roadside inspections conducted in Canada and the United States, brake defects were found to be the leading cause of vehicles being put out of service, accounting for 69 percent of major defects (source: Operation Air Brake Statistics - September 2004). Spectra’s products are gaining increasing recognition and acceptance as demands for enhanced brake safety increase among regulatory authorities and the motoring public.
On behalf of the Board of Directors,
Andrew J. Malion, Chairman, Spectra Inc. www.spectra-ssa.com
Investor Relations: 1-800-308-5255 E-Mail: ssa@spectra-ssa.com
The TSX VENTURE Exchange has neither approved nor disapproved the information contained herein |
