Audiotech Healthcare has granted share purchase incentive options to two directors under its stock option plan. The director's stock option agreement concluded with Osvaldo Iadarola, the company's president, entitles him to purchase up to 350,000 shares at a price of 16 cents over a term of five years, expiring May 17, 2009. The director's stock option agreement concluded with Grant Robertson entitles him to purchase up to 100,000 shares at a price of 16 cents over a term of five years, expiring May 17, 2009. Pursuant to the policies of the TSX Venture Exchange, any shares acquired under either stock option agreement will be subject to a hold period prohibiting their disposition or transfer until Sept. 18, 2004.