(TheNewswire)
F ebruary 5, 2024 – TheNewswire -- ATWTech Inc. ("ATW Tech" or the "Company" (TSXV:ATW),provides an update on the September 1st, 2023 press release,announcing the departure of Michel Guay as Chief Executive Officer ofthe Company. As a severance package, it was agreed that Mr. Guay wouldreceive 3,162,675 shares of the Company (the " Issued Shares "),at a deemed price of $0.019 per share for an aggregate value of$60,000. This is in addition to 3,000,000 stock options with a term of5 years at a value of $0.05. Mr. Guay continues to assist the Companyas a consultant since his departure as CEO.
This decision, reflects the Company's appreciation forMr. Guay's services and contribution in recent years.
The transaction remains subject to final approval bythe TSX Venture Exchange (the "TSX-V"). The Issued Sharesare subject to a mandatory hold period of 4 months, in accordance withthe policies of the TSX-V.
Options Update
ATW also wishes to make a correction to the 15,913,379options issued to Michel Goyette and Christian Trudeau. The exerciseperiod of these options is 5 years and not 3 years.
ATW TECH PROFILE
ATW Tech (TSX-V: ATW) is a technology company that ownsseveral well-known technology platforms such as Semeon Analytics, NeosGroup, and Voxtel. Semeon and Neos Group offeran ultra-accurate and flexible text analytics platform for customerfeedback. They use a unique combination of machine learning andNatural Language Processing (NLP) to uncover meaningful trends incustomer feedback across all channels. They also offer data strategyand advanced analytics services. VoxTel is aplatform dedicated to telephone billing and alternative paymentsolutions for fixed and mobile lines.
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