Clear Blue Announces Update on Delay in Filing Financial Statements
May 31 2019 - 8:28AM
Clear Blue Technologies International Inc. (the "Company") (TSX
VENTURE: CBLU) is providing an update on the status of the filing
of its annual financial statements, accompanying management's
discussion and analysis and related CEO and CFO certifications for
the financial year ended December 31, 2018 (collectively, the
"Annual Filings"). The Company is continuing to work diligently and
expeditiously with its auditors to complete the Annual Filings,
which it expects to file by June 10, 2019. In the interim, the
Management Cease Trade Order granted by the British Columbia
Securities Commission on May 1, 2019 remains in place.
The Company intends to follow the provisions of
the Alternative Information Guidelines set out in sections 9 and 10
of National Policy 12-203 – Management Cease Trade Orders so long
as the Annual Filings are outstanding, including the issuance of
bi-weekly default status reports in the form of news releases
similar to this release.
The Company confirms as of the date of this news
release that there has been no material change in the information
contained in the default announcement issued on May 1, 2019 or the
status update issued on May 16, 2019 and there is no other material
information concerning the affairs of the Company that has not been
generally disclosed.
About Clear Blue Technologies
International
Clear Blue Technologies International, the Smart
Off-Grid™ company, was founded on a vision of delivering clean,
managed, “wireless power” to meet the global need for reliable,
low-cost, solar and hybrid power for lighting, telecom, security,
Internet of Things devices, and other mission-critical
systems. Today, Clear Blue has thousands of systems under
management across 35 countries, including the U.S. and Canada.
Clear Blue is publicly traded on the Toronto Venture Exchange under
the symbol CBLU.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Media Contact:Becky NyeSenior AssociateMontieth
& Company155 E 44th St., New York, NY 10017bnye@montiethco.com
+1 646.864.3517
Investor Relations:Miriam TuerkCo-Founder and CEO+1
(855) 733-0119 x200investors@clearbluetechnologies.com
http://www.clearbluetechnologies.com/en/investors
Forward-Looking Information and
Statements
This press release contains certain
"forward-looking information" within the meaning of applicable
Canadian securities legislation and may also contain statements
that may constitute "forward-looking statements" within the meaning
of the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. Such forward-looking information and
forward-looking statements are not representative of historical
facts or information or current condition, but instead represent
only the Company's beliefs regarding future events, plans or
objectives, many of which, by their nature, are inherently
uncertain and outside of the Company's control. Generally, such
forward-looking information or forward-looking statements can be
identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or may contain statements that certain actions, events
or results "may", "could", "would", "might" or "will be taken",
"will continue", "will occur" or "will be achieved". The
forward-looking information contained herein may include, but is
not limited to, information concerning the filing of the Annual
Filings.
By identifying such information and statements
in this manner, the Company is alerting the reader that such
information and statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
information and statements.
An investment in securities of the Company is
speculative and subject to several risks including, without
limitation, the risks discussed under the heading "Risk Factors" in
the Company's listing application dated July 12, 2018. Although the
Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
the forward-looking information and forward-looking statements,
there may be other factors that cause results not to be as
anticipated, estimated or intended.
In connection with the forward-looking
information and forward-looking statements contained in this press
release, the Company has made certain assumptions. Although the
Company believes that the assumptions and factors used in
preparing, and the expectations contained in, the forward-looking
information and statements are reasonable, undue reliance should
not be placed on such information and statements, and no assurance
or guarantee can be given that such forward-looking information and
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information and statements. The forward-looking information and
forward-looking statements contained in this press release are made
as of the date of this press release, and the Company does not
undertake to update any forward-looking information and/or
forward-looking statements that are contained or referenced herein,
except in accordance with applicable securities laws. All
subsequent written and oral forward-looking information and
statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by this
notice.
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