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ACT

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Share Name Share Symbol Market Type
TSXV:ACT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Active Control Announces Consolidation of Outstanding Common Shares

17/08/2011 1:00pm

Marketwired Canada


Active Control Technology Inc. (TSX VENTURE:ACT) ("ACT" or the "Company"), a
leading provider in the design, manufacture and marketing of both wireless and
fiber network solutions for mine communications, and the commercial security and
access control industries, announced today that, further to its press release of
August 12, 2011, it has filed Articles of Amendment to consolidate the stock on
the basis of one (1) post-consolidated common share for each twenty (20)
pre-consolidation common shares (the "Consolidation"). 


Commencing Thursday, August 18, 2011, the common shares of the Company will
trade on a post-Consolidation basis on the TSX Venture Exchange. The new CUSIP
number for the Company's common shares post-Consolidation is 004949400. The
Company's trading symbol (ACT) remains unchanged. Registered shareholders will
receive a letter of transmittal to exchange their original common shares for
post-Consolidation common shares. Beneficial shareholders will have their
accounts automatically adjusted.


The transaction with the shareholders of PowerCart Systems Inc. ("PowerCart") to
acquire all of the issued and outstanding shares of PowerCart for 5,834,833
post-Consolidation common shares of ACT, referred to in the press release of
August 12, 2011, is expected to close next week.


About PowerCart

PowerCart is the original industry founder of mobile power solutions with a
legendary reputation for reliability and on-time delivery with over 30,000 units
sold. PowerCart continues to lead the industry in design and innovation, for
solutions requiring backup and mobile power. PowerCart offers all of its
solutions in the retail, warehousing, courier and mining sectors with a
bumper-to-bumper one year warranty - the best in the industry. PowerCart has
locations in Mississauga, Ontario, Canada, and Medina, Ohio, USA. For more
information, visit www.powercart.com. 


About Active Control Technology

Active Control Technology is involved in the design, manufacture and marketing
of both wireless and fiber network solutions for mine communications, and the
commercial security and access control industries. The Company has two product
lines: ActiveMine(TM), a fully integrated wireless and/or fiber communications
and locating technology for underground coal mines, and ActiveSecure(TM), a
family of wireless products for the access control industry. Located in
Burlington, Ontario, Canada, Active Control Technology trades publicly on the
TSX Venture Exchange under the symbol ACT. For more information, visit
www.activecontrol.com.




                       Get more out of your mine.(TM)                       



Cautionary Note Regarding Forward-Looking Statements: This press release
contains forward-looking statements that involve risks and uncertainties, which
may cause actual results to differ materially from the statements made. When
used in this document, the words "may", "would", "could", "will", "intend",
"plan", "anticipate", "believe", "estimate", "expect" and similar expressions
are intended to identify forward-looking statements. Such statements reflect our
current views with respect to future events and, as such, are subject to risks
and uncertainties. Many factors could cause our actual results to differ
materially from the statements made, including those factors discussed in
filings made by us with the Canadian securities regulatory authorities. Should
one or more of these risks and uncertainties, such as changes in demand for and
prices for the products of the Company or the materials required to produce
those products, labour relations problems, currency and interest rate
fluctuations, increased competition and general economic and market factors,
occur or should assumptions underlying the forward looking statements prove
incorrect, actual results may vary materially from those described herein as
intended, planned, anticipated, or expected. We do not intend and do not assume
any obligation to update these forward-looking statements, except as required by
law. The reader is cautioned not to put undue reliance on such forward-looking
statements.


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