Vancouver, British Columbia--(Newsfile Corp. - November 8, 2019) - American Aires Inc. (CSE: WIFI), a nanotechnology company, is one of the latest new listings on the Canadian Securities Exchange. The company has developed functioning technology that is capable of reducing the harmful effects of electromagnetic radiation or EMR, specifically targeting cellphone, Wi-Fi radiation and general EMR emitted by consumer electronic devices.
For more information, please view the InvestmentPitch Media "video" which provides additional information on the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Aires" in the search box.
Cannot view this video? Visit:
Dimitry Serov, President and CEO, stated: "Listing on the CSE represents an important achievement for the Company and will enhance shareholder value through increased stock liquidity and market exposure. Trading on the CSE expands our potential investor base and we are grateful for all of the assistance provided by the CSE. The listing will give us a strong platform to execute on our plans to build and market the best products going forward."
The company's products do not use "shielding" or "blocking" technology to block or cover any portion of the devices that emit EMR, rather the products use technology that transform the EMR into a form that reduces the harmful or negative effects of EMR. The Shield is placed on the body of the device via an adhesive backing.
Aires products have been tested by independent institutions including Canada's EMR researchers.
The technology pioneered by Aires is in its second decade of development, with the company holding 25 patents, granted and pending, and 14 trademarks pending. The company currently sells 7 products both online from the www.AiresTech.com store as well as in retail markets globally and reported revenues of $339,000 for the 6 months ended June 30, 2019.
The company completed its IPO, raising gross proceeds of $7,560,000 from the placement of 57,720,000 shares, priced at $0.30 per share, with Canaccord Genuity acting as agent for the Offering. Proceeds of the Offering will be used for marketing, research and development and intellectual property costs as well as general administrative and working capital purposes.
About InvestmentPitch Media
InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community.
The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors. For more information please watch this video.
Barry Morgan, CFO
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49562