|Monday June 28, 4:56 pm ET|
TORONTO--(BUSINESS WIRE)-- June 28, 2004 -- On June 28, 2004, Pivotal Self-Service Technologies Inc. (OTCBB:PVSS - News) held its Annual Meeting of Shareholders. At the meeting, the shareholders ratified the acquisition of Phantom Fiber Corporation, including the election of Jeffrey Halloran, Gordon Fowler, Graham Simmonds and Stephen Gesner as directors of the Company at closing of the acquisition, which is expected to occur on July 2, 2004. The Company will change its name from Pivotal Self-Service Technologies Inc. to Phantom Fiber Corporation. In addition, the shareholders approved certain amendments to its stock option plan, an increase in the number of common shares the Company is authorized to issue and the shareholders ratified the appointment of Mintz & Partners LLP as independent auditors for the Company.
John G. Simmonds and Brian Usher-Jones were elected as directors to serve for a one year term or until closing of the Phantom Fiber acquisition.
John Simmonds, current CEO of Pivotal Self Service Technologies stated; 'I'm extremely excited about the future with Phantom Fiber. I am confident that Jeff Halloran and the management team he has assembled will be successful in creating significant shareholder value.'
About Phantom Fiber Inc.
Phantom Fiber Inc., a wholly-owned subsidiary of Phantom Fiber Corporation, is a market leader in wireless technology and mobile solutions that empowers applications requiring high performance functionality on today's mobile devices and wireless data communication networks. Phantom Fiber's success is due to its unique ability to deliver a rich client experience without compromising on performance or security, please visit www.phantomfiber.com.
About Pivotal Self-Service Technologies Inc.
Pivotal Self-Service Technologies Inc., through its operating division Pivotec, is a distributor and sales representative of high quality electronic products. Pivotec is also preparing to launch the distribution of various license-based products. Pivotal through its wholly owned subsidiary Prime Battery Products Ltd. has an exclusive agreement for the distribution of the Konnoc brand of batteries and flashlights throughout North America.
FOR FURTHER INFORMATION PLEASE CONTACT:
Redwood Consultants LLC
Phantom Fiber Corporation
President and CEO