Clear Blue Technologies Announces Transition of Auditors
November 15 2019 - 6:07PM
Clear Blue Technologies International Inc. (“Clear Blue” or “the
Company”) (TSXV: CBLU) (FRANKFURT: 0YA) announced today that its
Board of Directors has accepted the resignation of the Company’s
auditor (the “Former Auditor”). The Board expects to announce
its new auditor within the coming weeks.
“This is an administrative change that will
ensure the Company’s auditor is optimally suited to meet the needs
of Clear Blue as it continues to scale and grow its business and
operations,” said Steve Parry, Chair of Clear Blue’s Audit
Committee and Independent Board Member.
There were no reservations in the Former
Auditor's reports on the Company's financial statements during
period that the Former Auditor acted as the Company's auditor.
There are no reportable events including disagreements,
consultations or unresolved issues as defined in National
Instrument 51-102 – Continuous Disclosure Obligations ("I 51-102")
between the Company and the Former Auditor.
In accordance with NI 51-102, the notice of
change of auditor, together with the required letter from the
Former Auditor, have been reviewed by the board of directors of the
Company and filed on SEDAR.
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 34 countries, including the U.S. and Canada.
Legal Disclaimer
Neither the 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 East 44th
Street, Suite 1610New York, NY 10017+1
646-864-3517bnye@montiethco.com
Investor Relations:
Miriam TuerkCEO, Clear Blue Technologies+1
416-433-3952investors@clearbluetechnologies.comhttp://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, the estimated date of appointment of a new auditor
of the Company and the fulfillment of the disclosed product
order.
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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