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May 4th, 2006
Veritek Technologies Inc. Proposed Qualifying Transaction
Veritek Technologies Inc. (the "Corporation") is pleased to announce the details outlining its proposed Qualifying Transaction with Omni-Lite E-FORM Technologies Inc. The Corporation has entered into a letter of intent dated April 11, 2006, for the acquisition of all the issued and outstanding shares (the "E-FORM Shares") in the capital of Omni-Lite E-FORM Technologies Inc. ("E-FORM").
E-FORM is developing a series of technologies to provide nanostructured materials to customers in the Aerospace, Military, Resource Development, Sports and Recreation and Medical Industries.
Omni-Lite E-FORM Technologies Inc.
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