Ikona Gear gives update on Investor Relations progress
VANCOUVER, Aug. 2, 2004 -- Ikona Gear International, Inc. (IKGI:OTC) ("Ikona Gear"), an innovator and developer of a proprietary patented gearing technology is pleased to announce developments and an update on its Investor Relations program.
New Investor Relations Consultants ---------------------------------- European Markets ----------------
We are pleased to announce that we have engaged Key Funds Investments SA ("KFI") as Investment Banker and to represent our interests in Europe for public relations, investor relations, new financings, and all investment banking activities including potential acquisition opportunities in Europe.
KFI is a regulated investment management and advisory firm in Geneva Switzerland. As Investment Banker for Ikona Gear, KFI will focus on increased European investor awareness of our listed securities, and will endeavor, subject to our approval, to arrange a private placement for a capital infusion in due course and in line with the company's operating needs.
North American Markets ----------------------
We are pleased to announce that we have engaged Cazgeld Capital Corporation ("Cazgeld") to manage our investor relations program in North America. Cazgeld is located in Toronto, Canada, and is comprised of a group of individuals who research and invest in micro-cap public companies with the potential for substantial growth. Cazgeld assists companies with funding and enhances the investor relations and public relations efforts of its clients. Cazgeld relies on publicly disseminated information for its evaluation of public companies upon which they base their portfolio recommendations.
Frankfurt Stock Exchange Listing --------------------------------
We are pleased to announce that, effective July 14, 2004, we have succeeded in listing Ikona Gear International, Inc. on the Frankfurt Exchange. We are now listed in Frankfurt under the symbol "IKGI" and registered with the German Cusip "A0BLY1".
About Ikona Gear ----------------
Ikona Gear is traded over the counter on the NASD Bulletin Board, and on the Frankfurt Exchange, under the symbol "IKGI". Ikona Gear's patented intellectual property involves a unique gear tooth form that provides very high gear reduction, very high gear tooth contact, and rolling rather than sliding contact between gear teeth. Our technology affords significant advantages: very high torque, size and weight reductions, zero backlash, accurate back-and-forth actuation, low wear, superior efficiency, and low noise.
For additional information, Contact:
On Behalf of the Board
Ikona Gear International, Inc.
"Laith Nosh"
Laith Nosh, President and CEO
Investor Contact Mr. Dal Brynelsen
Telephone Number 604-685-5510
Fax Number 604-685-5970
Address 609 Granville Street, Suite 810, Vancouver, BC,
Canada, V7Y 1G5
Email Address dbrynelsen@ikonagear.com
Web site address www.ikonagear.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.