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CARMANAH OPENS FOR TRADING ON THE BERLIN AND FRANKFURT STOCK EXCHANGES
FOR IMMEDIATE RELEASE Thursday, June 27, 2002
(No.2002-06-10)
Vancouver, BC, Canada; Berlin, Frankfurt, Germany - (June 27, 2002) -- Carmanah Technologies Corp. (TSX VE: CMH; Berlin and Frankfurt Stock Exchanges: QCX), is pleased to announce that it has been accepted and listed for trading on the Berlin and Frankfurt Stock Exchanges.
Carmanahs common shares are trading under the symbol QCX" and the Companys German Securities Identification is WKN 662218". These listings mark an important step in Carmanahs corporate strategy to create shareholder value and increase exposure. The Berlin and Frankfurt listings will provide real-time and easy access to trading in the companys common shares for new and existing shareholders in the European community.
The European investment community is extremely active in the solar-powered, LED (light emitting diode) lighting industry and many investors have shown a keen interest in Carmanah but have been unable to make an investment," stated Carmanahs CEO, Art Aylesworth. The new Berlin and Frankfurt listings will not only facilitate investment in Carmanah by European investors but also create further liquidity and increased awareness of our company."
About Carmanah Technologies Inc.
Carmanah designs, manufactures and supplies patented, proprietary solar-powered LED lighting solutions to the marine, railway and roadway markets. The Company has distributors in over 80 countries and now has more than 44,000 units installed worldwide.
The shares of Carmanah Technologies Corporation (parent company) are publicly traded on the TSX Venture Exchange under the symbol "CMH" and on the Berlin and Frankfurt Stock Exchanges under the symbol QCX". For further information, please visit www.carmanah.com.
On Behalf of the Board of Directors
Carmanah Technologies Corporation
Praveen Varshney "
Praveen Varshney, Director
For further information, please contact:
Corporate Contacts:
Mr. Praveen Varshney, Director
Tel: (604) 629-0264
Toll-Free: 1-866-629-0264
Media Contact:
Mr. David Davies
Harbourwerks Communications
Tel: (250) 382-4332
ddavies@harbourwerks.com
Investor Relations Contact:
Vanguard Shareholder Solutions
Tel: (604) 608-0824
Toll-Free: 1-866-801-0777
ir@vanguardsolutions.ca
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