American Aires Announces Exclusive Distribution Partnership with Purland in Taiwan, Hong Kong and Malaysia
Toronto, Ontario--(Newsfile Corp. - February 29, 2024) - American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRF) ("Aires" or the "Company"), a company focused on scientifically-proven EMF diffraction technology, today announced its regionally-exclusive distribution partnership with a Taiwan-based arms-length tech health & wellness firm, Pürland Co., Ltd. ("Pürland"). This distribution collaboration highlights ubiquity of demand for Aires' Lifetune EMF modulation technology and supports management's commitment to building Lifetune into a global brand. Aires' current direct-to-consumer business ships products to over 60...
2024-02-29 7:30 AM EST
American Aires Closes $4 Million Oversubscribed Private Placement
Toronto, Ontario--(Newsfile Corp. - February 16, 2024) - American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRD) ("Aires" or the "Company"), a company focused on scientifically-proven EMF modulation technology, announces the closing of its non-brokered private placement offering (the "Offering") of 26,666,663 units of the Company (the "Units") at a price of $0.15 per Unit (the "Offering Price") for aggregate gross proceeds of approximately $4,000,000. Each Unit is comprised of one common share in the Company (each, a "Common Share") and...
2024-02-16 7:11 PM EST
American Aires Announces Increase of Previously Announced Non-Brokered Private Placement to $4 Million
Toronto, Ontario--(Newsfile Corp. - February 12, 2024) - American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRD) ("Aires" or the "Company"), a company focused on scientifically-proven EMF modulation technology, announces that, due to higher than anticipated investor demand, the size of its previously announced non-brokered private placement offering (the "Offering") is being increased to up to 26,666,666 units of the Company (the "Units") at a price of $0.15 per Unit (the "Offering Price") for aggregate gross proceeds of up to $4,000,000....
2024-02-12 7:07 PM EST
American Aires Announces $2.5 Million Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - February 5, 2024) - American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRD) ("Aires" or the "Company"), a company focused on scientifically-proven EMF modulation technology, announces its intention to complete a non-brokered private placement offering (the "Offering") of up to 16,666,667 units of the Company (the "Units") at a price of $0.15 per Unit (the "Offering Price") for aggregate gross proceeds of up to $2,500,000. The Company will have the option to increase the Offering to 20,000,000...
2024-02-05 4:43 PM EST
American Aires Inc. Announces Grant of Options
Toronto, Ontario--(Newsfile Corp. - November 24, 2023) - American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRD) ("Aires" or the "Company"), a pioneer in EMF modulation technology, is pleased to announce that the Company has granted 10,000 stock options (each an "Option") to an arm's length consultant pursuant to option agreement and the terms and conditions of the omnibus long-term incentive plan of the Company. Each Option vests immediately and is exercisable prior to July 6, 2026 to acquire one common...
2023-11-24 9:07 PM EST
American Aires Inc. Announces Positive EBITDA with Its Filing of Q3/2023 Financial Statements, and MD&A
Toronto, Ontario--(Newsfile Corp. - November 20, 2023) - American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRD) ("Aires" or the "Company"), a pioneer in EMF modulation technology, is pleased to announce filing of its unaudited Financial Statements and Management's Discussion & Analysis (MD&A) for Q3/2023, spanning from July 1 to September 30, 2023.This quarter is particularly notable as it marks the first instance of positive EBITDA in the company's history. This achievement is a direct result of the strategic decision made...
2023-11-20 5:15 PM EST
American Aires and OMSLEEP Announce OEM Partnership with Launch of OM Sleep Mask
Toronto, Ontario--(Newsfile Corp. - November 16, 2023) - American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRF) ("Aires" or the "Company"), a company focused on scientifically-proven EMF modulation technology, today announced its partnership with Arizona-based wellness-tech firm, OMSLEEP. This Original Equipment Manufacturer (OEM) collaboration integrates Aires' Lifetune EMF modulation technology into OMSLEEP's soon-to-be-launched Om Mask, significantly enhancing its feature set and bolstering OMSLEEP's vision to deliver the best sleep experience.Terry Kim, CEO of OMSLEEP, expressed excitement about the partnership and the...
2023-11-16 8:00 AM EST
American Aires Announces Debt Settlement and Equity Incentive Grants
Toronto, Ontario--(Newsfile Corp. - October 19, 2023) - American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRF) ("Aires" or the "Company"), a company focused on scientifically-proven EMF modulation technology, announces that it has entered into shares for debt settlement agreements dated October 17, 2023 (the "Debt Settlement Agreements") with certain officers and employees of the Company, pursuant to which the Company agreed to settle C$810,648 of debt through the issuance of 12,009,600 common shares (the "Common Shares") at a deemed price...
2023-10-19 7:19 PM EDT
American Aires Announces Convertible Debenture Conversions
Toronto, Ontario--(Newsfile Corp. - October 2, 2023) - American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRD) ("Aires" or the "Company"), a company focused on scientifically-proven EMF modulation technology, announces that holders of secured convertible debentures have converted an aggregate of $1,885,188 of principal and accrued and unpaid interest at a deemed price of $0.09 per share resulting in the issuance of an aggregate of 20,946,530 common shares of the Company (the "Common Shares"). All of the Common Shares issued remain...
2023-10-02 5:05 PM EDT
American Aires Announces Closing of Convertible Debenture Offering
Toronto, Ontario--(Newsfile Corp. - September 25, 2023) - American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRD) ("Aires" or the "Company"), a company focused on scientifically-proven EMF modulation technology, announces the completion of a second and final tranche of its previously announced non-brokered private placement (the "Offering") of convertible debenture units (the "Units") at a price of $1,000 per Unit for gross proceeds of $717,000 through the issuance of 717 Units, and paid finder's fees of $11,100.Including the initial tranche, the...
2023-09-25 4:30 PM EDT
American Aires Inc. Announces Share Consolidation
Toronto, Ontario--(Newsfile Corp. - September 12, 2023) - American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRF) ("Aires" or the "Company"), a leader in scientifically-proven EMF modulation technology, announced it is proceeding with a consolidation of its issued and outstanding share capital on the basis of one (1) new common share for every ten (10) outstanding common shares (the "Consolidation").The Company currently has 166,600,453 common shares (the "Shares") issued and outstanding. Following the Consolidation, the Company will have approximately 16,660,045 issued...
2023-09-12 8:00 AM EDT
American Aires Inc. Announces Partnership Agreement with HUCK Project LLC
Toronto, Ontario--(Newsfile Corp. - August 28, 2023) - American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRF) ("Aires" or the "Company"), a leader in scientifically-proven EMF modulation technology, announces a Partnership Agreement with HUCK Project LLC (HUCK), whereby HUCK becomes the Company's non-exclusive global retail-only distribution partner.This partnership agreement bears a two-fold rationale. Firstly, management believes that this outsourcing strategically positions the Company as a pure biotechnology firm. With HUCK committing its resources to retail operations, the Company plans to focus...
2023-08-28 5:44 PM EDT
American Aires Inc. Announces Filing of Q2/2023 Financial Statements and MD&A
Toronto, Ontario--(Newsfile Corp. - August 23, 2023) - American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRF) ("Aires" or the "Company"), a leader in scientifically-proven EMF modulation technology, announces the filing of its unaudited Financial Statements and the MD&A for the second quarter of 2023, covering the period April 1 to June 30, 2023. The Company reported Q2/2023 sales were $1.93 million. This represents a 29% or $0.43 million increase compared to the same period a year ago. Compared to...
2023-08-23 4:30 PM EDT
American Aires Announces Record Monthly Order Volume
Toronto, Ontario--(Newsfile Corp. - August 1, 2023) - American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRF) ("Aires" or the "Company"), a leader in scientifically-proven EMF modulation technology, announces a record in monthly order volume. In the month of July, the company received orders totaling C$1 million, 50% higher than C$673k received in June of 2023 and 65% higher than C$611k received in July of 2022. Compared to the previous record which was set during the November 2022 pre-holiday spending season...
2023-08-01 5:00 PM EDT
American Aires Announces Proposed Offering and Initial Closing
Toronto, Ontario--(Newsfile Corp. - June 15, 2023) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) ("Aires" or the "Company"), a leader in scientifically-proven EMF modulation technology, announces a proposed non-brokered private placement (the "Offering") for gross proceeds of up to $3,000,000 through the issuance of up to 3,000 units (the "Units") at a price of $1,000 per Unit. Each Unit shall consist of (i) one (1) $1,000 principal amount secured convertible debenture (a "Debenture" or "Debentures") of the Company, and...
2023-06-15 9:30 PM EDT
American Aires Inc. Announces Debt Conversion
Toronto, Ontario--(Newsfile Corp. - June 12, 2023) - American Aires Inc. (CSE: WIFI) (OTC: AAIRF) ("Aires" or the "Company"), a leader in scientifically-proven EMF modulation technology today announces that it has completed a series of debt conversions to decrease the Company's debt.Birchtree Investments Ltd. ("Birchtree") has agreed to accept 578 debenture units (each, a "Unit"), with each Unit consisting of (i) one $1,000 principal amount secured transferable convertible debenture (each, a "Debenture") of the Company, and (ii) 20,000 transferable common...
2023-06-12 7:00 AM EDT
American Aires Inc. Announces ASM Voting Results
Toronto, Ontario--(Newsfile Corp. - June 2, 2023) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) ("Aires" or the "Company"), a leader in scientifically-proven EMF modulation technology, today announced the results of voting at its 2023 Annual and Special Meeting ("ASM") of Shareholders held on May 31, 2023.A total of 70,851,465 common shares were voted in connection with the meeting, representing approximately 45% of the issued and outstanding common shares of the Company. Shareholders voted as follows:
2023-06-02 7:30 AM EDT
American Aires Inc. Announces Filing of Q1/2023 Financial Statements and MD and A
Toronto, Ontario--(Newsfile Corp. - May 19, 2023) - American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRF) ("Aires" or the "Company"), a leader in scientifically-proven EMF modulation technology, is pleased to announce the filing of its unaudited Financial Statements and the MD&A for the first quarter of 2023, covering the period January 1 to March 31, 2023. Consistent with the key financial metrics disclosed on April 21, 2023, the Company's adjusted sales for Q1 2023 grew by a remarkable 138% year-over-year...
2023-05-19 7:30 AM EDT
American Aires Announces Closing of Private Placement
Toronto, Ontario--(Newsfile Corp. - May 12, 2023) - American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRF) (the "Company" or "Aires") announces that it has closed a non-brokered private placement of units (the "Units") through the issuance of 7,844,000 Units at a price of $0.05 per Unit for aggregate gross proceeds of $392,200 (the "Offering").Each Unit is comprised of one (1) common share in the capital of the Company ("Common Share") and one (1) Common Share purchase warrant ("Warrant"). Each Warrant...
2023-05-12 3:18 PM EDT
American Aires Strengthens Intellectual Property Portfolio with Update on New Global Functional Patent
Toronto, Ontario--(Newsfile Corp. - April 27, 2023) - American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRF) ("Aires" or the "Company"), a leader in scientifically-proven EMF modulation technology, is excited to announce significant progress on a global technology patent that bolsters its intellectual property portfolio. The functional patent, titled "Method for Protecting Biological Objects from the Negative Influence of Technogenic Electromagnetic Radiation," focuses on safeguarding living organisms from harmful electromagnetic radiation without interfering with the functioning of electronic devices. After nearly...
2023-04-27 4:15 PM EDT