ATI AirTest Technologies Inc. closes private placement

VANCOUVER , Nov. 3 /CNW/ - Mr. George Graham , President of ATI AirTest Technologies Inc. ("AirTest"), announces the closing of the Company's non-brokered private placement financing previously announced on September 16, 2009 and amended on September 28, 2009 . The placement resulted in gross proceeds of $501,500 as it was over-subscribed by $21,500 from the announced $480,000 expected gross receipts.

The Company will issue 8,358,335 units at a price of $0.06 per unit to 44 placees. Each unit consists of one common share and one-half common share purchase warrant, entitling the holder to acquire one common share at an exercise price of $0.10 for each full share purchase warrant. The warrant exercise period expires twelve (12) months from share issuance. The common shares acquired in this placement are subject to a 4 month hold period from the date of issue.

    
    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.
    

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For further information: Mr. George Graham, President, Phone: [phone], Fax: [phone], Email: [email protected], Website: www.airtesttechnologies.com