ISee3D Announces Corrections to Interim Financial Statements
June 01 2012 - 4:25PM
Marketwired Canada
ISee3D Inc. (TSX VENTURE:ICT) (the "Company") wishes to announce that its
interim financial statements and accompanying MD&A for the period ending March
31, 2012 filed on SEDAR on May 30, 2012 (the "Financial Statements") contain
incorrect note disclosure regarding a proposed reverse takeover (the "RTO")
involving Active Witness Technologies Corporation ("Active Witness").
While the Company has entered into an agreement with Active Witness, the
proposed RTO is currently being reviewed by the TSX Venture Exchange and, as
such, all terms of the transaction are subject to amendment and revision
including termination of the RTO itself.
As such, investors and shareholders are cautioned that they should not rely on
any of the note disclosure regarding the acquisition of Active Witness in the
Financial Statements. A news release regarding the RTO will be issued in due
course once all regulatory issues have been settled. The Company will also be
refiling its interim financial statements and MD&A shortly with correct note
disclosure.
About ISee3D
ISee3D Inc. (Vancouver BC, Canada) has developed proprietary solutions that
markedly increase the performance of new and existing imaging systems by
utilizing its unique single lens/camera 3D technology. ISee3D's solutions
intrinsically maintain consistent calibration and alignment and directly correct
the critical issues of mismatched focal lengths, lens focus and aberrations that
are characteristic of current 3D imaging techniques. ISee3D's single lens
technology produces perfectly matched images and ensures that the physical and
ocular discomfort experienced by surgeons, histologists, pathologists etc., as a
result of prolonged 3D image viewing using dual camera techniques, is no longer
an issue.
This news release contains forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. Such forward-looking statements reflect management's current
beliefs and are based on assumptions made by and information currently available
to the Company. Readers are cautioned that these forward looking statements are
neither promises nor guarantees, and are subject to risks and uncertainties that
may cause future results to differ materially from those expected. These
forward-looking statements are made as of the date hereof and the Company does
not assume any obligation to update or revise them to reflect new events or
circumstances save as required under applicable securities legislation. This
news release does not constitute an offer to sell securities and the Company is
not soliciting an offer to buy securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction.
Isee3D Inc. (TSXV:ICT)
Historical Stock Chart
From Jul 2024 to Aug 2024
Isee3D Inc. (TSXV:ICT)
Historical Stock Chart
From Aug 2023 to Aug 2024