SAN JUAN, PUERTO RICO–(Marketwired – Sep 9, 2014) – Triton Emission Solutions Inc. (DSOX) (the “Company”) announces that on September 3, 2014, the Company entered into a Consulting Agreement (the “Consulting Agreement”) with Robert Lipp, an unrelated party. Under the terms of the Consulting Agreement, Mr. Lipp agreed to provide the Company with investor relations services for a term of one year, expiring on September 3, 2015.
In consideration for Mr. Lipp agreeing to provide the services to the Company, the Company will issue to Mr. Lipp 100,000 shares of its common stock and non-transferrable warrants to purchase up to 250,000 shares of its common stock at an exercise price of $0.50 per share, expiring on August 1, 2018, subject to earlier termination in the event that Mr. Lipp ceases to act as a consultant of the Company prior to September 3, 2015.
Please refer to the Form 8-K filed on September 9, 2014 for additional information regarding the Consulting Agreement.
About Triton Emission Solutions Inc. (formerly Poly Shield Technologies Inc.):
Triton Emission Solutions Inc. develops and markets environmental and pollution emission control solutions to a worldwide market.
Triton Emission Solutions Inc.’s proprietary DSOX-15 and DSOX-20 Fuel Purification Systems are cost-effective technologies designed to remove sulfur from fuel in an effort to meet the upcoming sulfur emissions regulations due to take effect in 2015. These technologies are currently aimed at the maritime industry which includes vessels for cruise-line, freight shipping and tanker companies and can be installed during normal vessel operation without the need to use expensive dry dock time. These technologies have worldwide applications that are not limited to the maritime industry.
Currently, Triton Emission Solutions Inc. has contracted with multiple shipping companies for installation of its DSOX-15 System, with options for a total of 62 installations, all of which will be upgraded to the new DSOX-20 System.
On behalf of the Board of Directors, Rasmus Norling, Chief Executive Officer.
This press release may contain forward-looking statements. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects”, “intends”, “estimates”, “projects”, “anticipates”, “believes”, “could”, and other similar words. All statements addressing product performance, events, or developments that Triton Emission Solutions Inc. expects or anticipates will occur in the future are forward-looking statements. Because the statements are forward-looking, they should be evaluated in light of important risk factors and uncertainties, some of which are described in Triton Emission Solutions Inc.’s Quarterly and Annual Reports filed with the United States Securities and Exchange Commission (the “SEC”). Should one or more of these risks or uncertainties materialize, or should any of Triton Emission Solutions Inc.’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Triton Emission Solutions Inc.’s forward-looking statements. Except as required by law, Triton Emission Solutions Inc. disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. No stock exchange, securities commission or other regulatory body has reviewed nor accepts responsibility for the adequacy or accuracy of this release. Investors are advised to carefully review the reports and documents that Triton Emission Solutions Inc. files from time to time with the SEC, including its Annual, Quarterly and Current Reports.
Triton Emission Solutions Inc.