Ottawa – January 28, 2015 – BluMetric Environment Inc. (TSX-V: BLM), a Canadian clean technology company headquartered in Ottawa, announces that it will not be able to file its financial statements for the year ended September 30, 2014 together with the report of Management and the certificates of the Chief Executive Officer and the Chief Financial Officer for January 28, 2015 as required under securities legislation. The delay in filing these documents is attributable to the change of auditors that occurred in September 2014 as mentioned above, as well as problems with the accounting system that took longer than expected to resolve. The company continues to work with its auditors to complete the audit of its financial statements and management reports for the year ended September 30, 2014 and has targeted the completion and filing of these documents by January 30, 2015.
The Company confirms that it intends to comply with the provisions of the replacement disclosure guidelines set out in sections 4.3 and 4.4 of Policy Statement 12-203 respecting non-compliance cease trade orders. continuous disclosure as long as it is delayed in filing its annual financial statements as well as the management report and the certificates of the chief executive officer and the chief financial officer. The company is not aware of any other material information about its business that has not been made public.
Given this delay in filing, the company applied the requirements of Canadian securities regulators for a cease and desist order. There can be no certainty that such an order will be granted. Relevant regulators may issue a cease and desist order against the company for failing to file its annual financial statements along with the MD&A and CEO and CFO certificates within the prescribed time. During this period, each of the company’s directors and officers voluntarily agreed to cease trading in the company’s securities.
BluMetric, a clean technology company, provides sustainable solutions to complex environmental problems. The Company serves customers from several industrial sectors and all levels of government, in Canada and abroad.
BluMetric has two divisions:
Professional services, developing environmental solutions in earth sciences and engineering, including the rehabilitation of contaminated sites, the management of water resources, industrial hygiene and occupational health and safety, as well as on renewable energies;
Water Treatment, which focuses its services on design-build and custom-assembled product solutions for industrial/commercial drinking water and wastewater treatment needs.
For more information, visit our website www.blumetric.ca
Certain of the statements contained in this press release, including those relating to the Company’s strategies and other statements that are forward-looking in nature, that depend on or refer to future events or conditions, or that contain words such as “s ‘expects’, ‘anticipates’, ‘intends’, ‘plans’, ‘believes’, ‘estimates’ or similar expressions are forward-looking statements within the meaning of securities laws. Forward-looking statements include, without limitation, information regarding possible or assumed future results of the Company’s operations. These statements are not historical facts but represent only the Company’s expectations, estimates and projections with respect to future events. The Company undertakes no obligation to update or issue revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unforeseen events, except as required by law. required.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts any responsibility for the reliability, adequacy or accuracy of this release.
For more information, please contact:
Roger Woeller, CEO
BluMetric Environment Inc.
Such. : (613) 839-3053 extension 242
Ian W. Malone, CFO
BluMetric Environment Inc.
Such. : (613) 839-4028 ext. 121
Robin M. Sundstrom
IRonside Investor Relations