American Aires Announces Issuance of Promissory Note and Update on Financial Statements
Toronto, Ontario--(Newsfile Corp. - May 27, 2022) - American Aires Inc. (CSE: WIFI) (the "Company" or "Aires"), is pleased to announce that today it has issued a grid promissory note dated May 26, 2022 (the "Note"), with an arm's length lender (the "Lender") whereby the Lender agreed to advance up to C$500,000 (in C$100,000 increments if and as needed) to the Company pursuant to the terms below (the "Loan"). The Loan will primarily be used for working capital purposes.The...
2022-05-27 1:05 PM EDT
American Aires Announces Cease Trade Order
Toronto, Ontario--(Newsfile Corp. - May 9, 2022) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) (the "Company" or "Aires"), continues to work diligently to complete the filing of its annual audited financial statements for the year ended December 31, 2021 and its related management's discussion and analysis, and officer certifications (collectively, the "Required Filings") which were due to be filed on May 2, 2022 (the "Filing Deadline"). The Company confirms that the Ontario Securities Commission (the "OSC") has...
2022-05-09 11:42 AM EDT
American Aires Provides Notice of Default
Toronto, Ontario--(Newsfile Corp. - April 29, 2022) - American Aires Inc. (CSE: WIFI) ("Aires" or the "Company") announces that it anticipates being late in filing its audited annual financial statements (the "Annual Financial Statements") and related management discussion and analysis ("MD&A") for the year ended December 31, 2021, by the prescribed deadline of May 2, 2022.The Company has experienced delays associated with the completion of its annual audit due to difficulties in obtaining third party shipping data from some of...
2022-04-29 5:15 PM EDT
American Aires Announces Closing of Second Tranche of Private Placement
Toronto, Ontario--(Newsfile Corp. - March 24, 2022) - American Aires Inc. (CSE: WIFI) (the "Company") is pleased to announce the closing of the second tranche of a non-brokered private placement to the Company through the issuance of 1,750,000 units (each, a "Unit") at a price of $0.10 per Unit for aggregate gross proceeds of $175,000 (the "Offering"). The net proceeds of the Offering will be used by the Company for working capital and for other general and administrative costs. ...
2022-03-24 5:05 PM EDT
American Aires Announces Closing of First Tranche of Private Placement
Toronto, Ontario--(Newsfile Corp. - March 18, 2022) - American Aires Inc. (CSE: WIFI) (the "Company") is pleased to announce the closing of the first tranche of a non-brokered private placement to the Company through the issuance of 750,000 units (each, a "Unit"), at a price of $0.10 per Unit for aggregate gross proceeds of $75,000 (the "Offering"). The net proceeds of the Offering will be used by the Company for working capital and for other general and administrative costs. ...
2022-03-18 5:15 PM EDT
American Aires Launches Video Series Demonstrating Product Efficacy
Toronto, Ontario--(Newsfile Corp. - March 8, 2022) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) (the "Company" or "Aires"), a provider of scientifically-proven EMF modulation technology, launched their first video of a series demonstrating the effectiveness of the Aires microprocessor at eliminating the biological effects of radiation emitted from electronic devices.Inspired by an earlier peer-reviewed study performed by leading researchers, this video demonstration shows the same compelling visualization of the physiological response of a human brain with and without the...
2022-03-08 1:51 PM EST
American Aires Announces Marketing Services Agreement with North Equities Corp.
Toronto, Ontario--(Newsfile Corp. - February 22, 2022) - American Aires Inc. (CSE: WIFI) (the "Company" or "Aires") is pleased to announce that on February 18, 2022 it entered into a marketing services agreement (the "Services Agreement") with Toronto-based marketing firm, North Equities Corp. North Equities Corp. ("North Equities") specializes in various social media platforms and will be able to facilitate greater awareness and widespread dissemination of the Company's news.In connection with the Services Agreement, the Company will pay North Equities...
2022-02-22 8:45 AM EST
American Aires Expanding Product Use Case to Include eSports & Gaming
Toronto, Ontario--(Newsfile Corp. - February 10, 2022) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) (the "Company" or "Aires"), a provider of scientifically-proven EMF modulation technology, today announced plans to further expand its marketing and product offerings into eSports, gaming, and online streaming markets.The Aires technology was originally created for the military to improve the performance of mobile air defense radar operators by reducing the negative biological effects of long-term exposure to electromagnetic radiation ("EMR"). Record growth in 2021 increased...
2022-02-10 8:30 AM EST
American Aires Announces Completion of Loan Financing
Toronto, Ontario--(Newsfile Corp. - February 7, 2022) - American Aires Inc. (CSE: WIFI) (the "Company" or "Aires"), is pleased to announce that today it has entered into a loan agreement dated February 7, 2022 (the "Loan Agreement") with an arm's length lender (the "Lender") whereby the Lender agreed to advance C$500,000 to the Company pursuant to the terms below (the "Loan"). The Loan will primarily be used for inventory purchases to load the recently opened Australian and European fulfilment...
2022-02-07 5:05 PM EST
American Aires Announces the Opening of Two New International Fulfilment Centers
Toronto, Ontario--(Newsfile Corp. - January 19, 2022) - American Aires Inc. (CSE: WIFI) (the "Company" or "Aires"), a provider of scientifically-proven EMF modulation technology, is pleased to announce the opening of two new international fulfillment centers. As previously announced, Aires experienced record growth during the 2021 holiday period resulting in 20% YoY increases in revenue between November and December. In addition to record revenue, site traffic from new users saw increases of 32%. Traffic from countries outside of North America...
2022-01-19 8:30 AM EST
American Aires Announces Option Grant
Toronto, Ontario--(Newsfile Corp. - January 17, 2022) - American Aires Inc. (CSE: WIFI) (the "Company" or "Aires") is pleased to announce that it has granted 500,000 options to purchase common shares of the Company exercisable at a price of $0.10 per common share and expiring on January 13, 2025, to a director of the Company. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.About American Aires...
2022-01-17 8:45 AM EST
American Aires Announces Strong Finish to 2021 with Record December
Toronto, Ontario--(Newsfile Corp. - January 7, 2022) - American Aires Inc. (CSE: WIFI) (the "Company" or "Aires"), a provider of scientifically-proven EMF modulation technology, is pleased to announce that it has achieved record revenues for product sales in the month of December 2021. Aires December revenue was 21% higher than the same period last year while also maintaining 68% gross margin*. This increase comes on the back of 19% revenue growth in November. Aires saw increases across key areas of...
2022-01-07 8:24 AM EST
American Aires Announces Resignation and Appointment of Director and Chief Operating Officer
Toronto, Ontario--(Newsfile Corp. - December 29, 2021) - American Aires Inc. (CSE: WIFI) (the "Company") is pleased to announce the appointment of Mr. Jacinto Vieira as a Director of the Company, effective December 24, 2021 and Mr. Christoffer Guajala as Chief Operating Officer of the Company, effective January 1, 2022. In connection with the foregoing, the Company announces the resignation of Igor Serov as Director of the Company, effective immediately, and the resignation of Yan Namer as Chief...
2021-12-29 5:05 PM EST
American Aires Announces Closing of Private Placement
Toronto, Ontario--(Newsfile Corp. - December 21, 2021) - American Aires Inc. (CSE: WIFI) (the "Company") is pleased to announce the closing of an above market non-brokered private placement to the Company through the issuance of 2,460,000 units (each, a "Unit") at a price of $0.10 per Unit for aggregate gross proceeds of $246,000.00 (the "Offering"). The net proceeds of the Offering will be used by the Company for working capital and for other general and administrative costs. Certain insiders...
2021-12-21 9:52 AM EST
American Aires Announces Strong Start to Holiday Shopping Season
Toronto, Ontario--(Newsfile Corp. - December 10, 2021) - American Aires Inc. (CSE: WIFI) (the "Company" or "Aires"), a provider of scientifically-proven electromagnetic fields ("EMF") modulation technology, is pleased to announce today the Company set new records during November with global sales growth of 19% in the month over the same period last year. The month of November, which includes both Black Friday and Cyber Monday, is one of the highest-volume shopping periods of the year and Aires was successful in...
2021-12-10 8:00 AM EST
American Aires Announces Study Aimed at Using Lifetune Technology to Reduce Negative EMF Impacts on Honey Bees
Toronto, Ontario--(Newsfile Corp. - October 29, 2021) - American Aires Inc. (CSE: WIFI) (the "Company" or "Aires") today announced a new field study aimed at observing the effectiveness of their Lifetune technology as a solution for reducing the harmful effects of exposure to electromagnetic fields ("EMF") on honey bees. This study will be open to small-scale commercial and hobbyist beekeepers in the US and Canada. Existing research indicates that long term exposure to electromagnetic fields (EMF) may cause harmful biological...
2021-10-29 7:50 AM EDT
American Aires Launches New E-Commerce Platform
Toronto, Ontario--(Newsfile Corp. - October 26, 2021) - American Aires Inc. (CSE: WIFI) (the "Company" or "Aires") is proud to announce the upcoming launch of their new e-commerce web portal, which has been built on Shopify's newly released Online Store 2.0 framework. By incorporating this newest technology, Aires can take full advantage of Shopify's platform in order to build, deploy and optimize features and experiences while keeping expedited deployment timelines. Shopify's industry-best app marketplace provides access to leading marketing and...
2021-10-26 7:45 AM EDT
American Aires Launches New "LIFETUNE MINI" Product in Advance of 2021 Holiday Season
Toronto, Ontario--(Newsfile Corp. - October 21, 2021) - American Aires Inc. (CSE: WIFI) (the "Company" or "Aires") is extremely pleased to confirm the launch of a new product, the "LIFETUNE MINI" in advance of the upcoming 2021 holiday season. With the new LIFETUNE MINI, customers will have the opportunity to benefit from "portable / wearable" protection against the harmful effects of electromagnetic radiation (EMR) / electromagnetic frequency (EMF).Launching the new LIFETUNE MINI marks an exciting development and broadens the suite...
2021-10-21 5:15 PM EDT
American Aires Announces Streamlined Process for International Product Distribution and Improved Cost Structure
Toronto, Ontario--(Newsfile Corp. - October 7, 2021) - American Aires Inc. (CSE: WIFI) (the "Company" or "Aires") is pleased to announce that the Company has enhanced its e-commerce experience with the commencement of shipping from fulfillment centres located outside of North America, allowing international customers to receive product in a timely and cost-effective manner. The Company has also successfully negotiated with its primary suppliers to secure a reduction in manufacturing and production costs averaging approximately 20%, which is expected to...
2021-10-07 5:30 PM EDT
American Aires Announces Closing of Private Placement
Toronto, Ontario--(Newsfile Corp. - September 21, 2021) - American Aires Inc. (CSE: WIFI) (the "Company") is pleased to announce the closing of a second tranche of a non-brokered private placement through the issuance of 3,875,000 units (each, a "Unit") at a price of $0.10 per Unit for aggregate gross proceeds of $387,500 (the "Offering"). The net proceeds of the Offering will be used by the Company for working capital and for other general and administrative costs.Each Unit consists of one...
2021-09-21 6:24 PM EDT