Enssolutions Group Inc. Announces Delay in Reporting of 2014 Annual Financial Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 04/30/15 -- Enssolutions Group Inc. (TSX VENTURE: ENV)(PINKSHEETS: NSLSF) ("Enssolutions" or the "Company"), a manufacturer and distributor of environmentally responsible emulsion products for a wide variety of industrial and commercial market demands, announced today that it is not be able to file its audited financial statements for the year ended December 31, 2014, its management''s discussion and analysis relating to the financial statements, and the CEO and CFO certifications in connection therewith (collectively, the "Disclosure Documents") by April 30, 2015, as required under applicable securities laws.
Enssolutions has decided not to apply to applicable regulatory authorities for a management cease trade order ("MCTO") since it is likely that the Company does not meet all of the eligibility criteria for an MCTO. Enssolutions is currently thinly traded and thinly traded issuers are generally not eligible for an MCTO pursuant to the requirements of National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults. Accordingly, the Company anticipates that applicable regulatory authorities will issue the Company a general cease trade order.
The Company and its auditors have been focusing on capital raising activities in the United States, as raising capital in Canada has proved to be challenging. Accordingly, the Company and the auditors were not able to complete the Disclosure Documents in a timely fashion. The Company currently expects to complete the filing of the Disclosure Documents prior to May 31, 2015, and anticipates that it will remain cease traded until such time.
About Enssolutions
Enssolutions manufactures, distributes and applies environmentally responsible products to meet a wide variety of industrial and commercial market demands. Enssolutions provides engineered environmental solutions for mine tailings control, process dust and erosion control, granular stabilization, road construction/maintenance and stockpile sealing. It has production facilities in Hamilton, Ontario and Phoenix, Arizona that service some of North America''s largest mining, steel, cement, and road construction/maintenance companies as well as numerous public road authorities.
For more information on Enssolutions, please visit .
Certain information in this news release constitutes forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company''s current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company''s public disclosure documents. Many factors could cause the Company''s actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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.
Contacts:
Enssolutions Group Inc.
James C. Griffiths
Interim Chief Executive Officer
(877) 520-6767
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Datum: 30.04.2015 - 15:00 Uhr
Sprache: Deutsch
News-ID 1355622
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