Mr. James Matthews reports
ARMADA ANNOUNCES STOCK OPTION GRANTS
Armada Data Corp. has granted an aggregate of 1.2 million options to purchase common shares of the company exercisable at a price of 11 cents per share for a period of two years to certain directors and consultants of the company, in accordance with the terms of the company's stock option plan. The options are subject to a vesting period released one-third every six months beginning on the date that is six months from the date of grant.
About Armada Data Corp.
Armada Data is a Canadian publicly traded information and marketing services company providing accurate and real-time data to institutional and retail customers through developing, owning and operating automotive pricing-related websites, and providing information technology and marketing services to its clients.
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