San Diego, CA -- (SBWIRE) -- 03/04/2013 -- An investigation on behalf of current long-term stockholders of shares of API Technologies Corp (NASDAQ:ATNY) was announced concerning whether certain API Technologies officers and directors possibly breached their fiduciary duties.

Investors who are current long-term stockholder of shares of API Technologies Corp (NASDAQ:ATNY), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain API Technologies officers and directors breached their fiduciary duties in connection with their conduct in seeking shareholders’ approval for an advisory vote on executive compensation.

In the Proxy Statement filed by API Technologies with the Securities and Exchange Commission the Board of Directors recommends that NASDAQ:ATNY shareholders vote to approve an advisory vote on executive compensation.

API Technologies Corp (NASDAQ:ATNY) reported that its Total Revenue rose from $108.28 million for the 12months period that ended on May 31, 2011 to $280.82 million for the 12 months period that ended on Nov. 30, 2012. However, its Net Loss over the respective time periods increased from a Net Loss of $26.31 million to $148.70 million.

Shares of API Technologies Corp (NASDAQ:ATNY) declined from as high as $7.85 per share in March 2011 to as low as $2.43 per share in November 2012.

On March 1, 2013, NASDAQ:ATNY shares closed at $2.62 per share.

Those who purchased shares of API Technologies Corp (NASDAQ:ATNY), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Jacob Rosenfeld
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com