MISSISSAUGA, Ontario, March 25, 2010 -- CardioGenics Holdings Inc. (OTCBB: CGNH), a developer of technology and products targeting the Point-Of-Care (POC) segment of the IVD market announced today that the Company has entered into lock-up agreements with its directors (other than Dr. Yahia Gawad who previously entered into a lock-up agreement with the Company) pursuant to which the directors agreed to lock-up 38,759,113 shares of the Company's common stock held directly and indirectly by the directors through "Exchangeable Shares" in the Company's wholly-owned Ontario, Canada subsidiary, CardioGenics ExchangeCo Inc. ("ExchangeCo").
CardioGenics Holdings Inc. closed at $0.09 Thursday, trading 163,333 shares.
CardioGenics Announces Lock-Up Agreements with Board Members, Executives and Certain Other Stockholders
About CardioGenics Holdings Inc.
Through its CardioGenics subsidiaries, the Company develops technology and products targeting the immunoassay segment of the In-Vitro Diagnostic testing market. It has developed the QL Care Analyzer, a proprietary Point Of Care immuno-analyzer, which will run a number of diagnostic tests under development, the first of which will be a series of cardiovascular diagnostic tests. As part of its core proprietary technology, the Company has also developed a proprietary method for silver coating paramagnetic microspheres (a fundamental platform component of immunoassay equipment), which improve instrument sensitivity to light. The Company's principal offices are located in Mississauga, Ontario, Canada (web address at www.cardiogenics.com).
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FARMINGDALE, N.Y., March 25, 2010 -- Cemtrex Inc. (OTCBB: CTEI) announced the award of a $1.3 million contract received from the National Administration of Power Plants and Electric Transmissions of Uruguay (UTE) to design, supply, and install complete Continuous Emissions Monitoring Systems (CEMS) for eight stacks with redundant systems for emissions reporting and compliance.
Cemtrex Inc. closed at $0.20 Thursday, trading 7,000 shares.
Cemtrex Secures Emission Monitoring System Contract in Uruguay
About Cemtrex Inc.
Cemtrex Inc. is a worldwide market leader in manufacturing and selling the most advanced instruments for emission monitoring of particulate, opacity, mercury, sulfur dioxide, nitrogen oxides, etc. and filtration products for the industry. Cemtrex also markets Green DCV, an innovative energy efficiency solution for high-quality green building applications, through optimizing HVAC control systems. Cemtrex provides technologies and services for abatement of greenhouse gases and assists customers in developing carbon credit projects. The Company's products are sold to power plants, refineries, chemical plants, cement plants and other industries, including federal and state governmental agencies.
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