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Clear Blue Technologies International to Release 2023 Annual Financial Results and Hold Conference Call on Wednesday, May 29, 2024
Clear Blue Technologies International Inc.
Company provides update on issuance of management business cessation order by BCSC
TORONTO, May 16, 2024 (GLOBE NEWSWIRE) — Clear Blue Technologies International Inc. (TSXV: CBLU) (FRANKFURT: OYA), the Smart Off-Grid™ company, today announced it will report 2023 financial results on Wednesday. May fair. October 29, 2024, before the market opens. Clear Blue will host a conference call the same day at 11 a.m. ET to review the company’s performance and answer questions. Interested parties can register here:
When: May 29, 2024, 11 a.m. Eastern Time (US and Canada)
Topic: Clear Blue 2023 Annual Financial Results Conference Call
Register in advance for this webinar:
https://us06web.zoom.us/webinar/register/WN_C6jzL0R5QFOUOiOC41g3Kw
Clear Blue has completed its audit for fiscal year 2023 and the auditor is finalizing its reviews as well as preparing its report to the board. As previously announced, the Company requested the MCTO due to a delay in the submission of audited consolidated financial statements for the year ended December 31, 2023, management’s annual discussion and analysis for the same period, and management certifications of annual filings ( collectively, the “Files”). The MCTO was granted by the BC Securities and Exchange Commission on May 1, 2024.
The MCTO restricts trading in the Company’s securities by the Company’s management until such time as the Annual Filings have been filed by the Company and the MCTO is no longer in effect. The MCTO does not affect shareholders’ ability to trade their securities and the general investing public will continue to be able to trade the Company’s common shares. However, the Company’s CEO and CFO will not be able to trade the Company’s common shares until the Annual Files have been filed and all continuous disclosure requirements have been satisfied by the Company, and the MCTO has been revoked by the BCSC.
The Company will issue a press release once the Annual Files are filed. The Company confirms that it intends to comply with the provisions of section 4.4 of NP 12-203 and issue bi-weekly reports on the status of non-compliance as long as the Company remains in non-compliance with the requirement to present financial statements. This report will disclose any material changes to the information in this release; all actions taken by the Company to remedy the default; details of any failure by the Company to comply with these provisions; any subsequent defaults by the Company that require a notice of default; and any other relevant information relating to the Company’s business not previously disclosed. The Company is not subject to any insolvency proceedings nor is there any other relevant information relating to the Issuer’s business that has not been generally disclosed.
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For more information contact us:
Miriam Tuerk, co-founder and CEO
+1 416 433 3952
investors@clearbluetechnologies.com
www.clearbluetechnologies.com/en/investors
Nikhil Thadani, Sophic Capital
+1 437 836 9669
Nik@SophicCapital.com
About Clear Blue Technologies International
Clear Blue Technologies International, the Smart Off-Grid™ company, was founded with the vision of providing clean, managed “wireless energy” to meet the global need for reliable, low-cost solar and hybrid power for lighting, telecommunications, security, Internet of Things devices and other mission-critical systems. Today, Clear Blue has thousands of systems under management in 37 countries, including the US and Canada. (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF)
Contract
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.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this press release. Such securities have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and therefore may not be offered or sold within the United States, or for or for the account or benefit of persons in the United States or “U.S. Persons” as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
Forward-looking statement
This press release contains certain “forward-looking information” and/or “forward-looking statements” within the meaning of applicable securities laws. Such forward-looking information and statements do not represent historical facts or current information or conditions, but rather represent only Clear Blue’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and beyond Clear’s control. Blue. Generally, such forward-looking information or 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”, “could” or “will be taken”, “will continue”, “will occur” or “will be achieved”. Forward-looking information contained herein may include, but is not limited to, information regarding financial results and future contracts.
By identifying such information and statements in this manner, Clear Blue is cautioning the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause Clear Blue’s actual results, level of activity, performance or achievements. Blue. be materially different from those expressed or implied by such information and statements.
An investment in Clear Blue securities is speculative and subject to a number of risks, including, without limitation, the risks discussed under the heading “Risk Factors” in Clear Blue’s listing application dated July 12, 2018. Although Clear Blue has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and 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 statements contained in this press release, Clear Blue has made certain assumptions. Although Clear Blue 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 can be given that such forward-looking information and statements will be proven 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 statements contained in this press release are made as of the date of this press release. All subsequent written and oral forward-looking information and statements attributable to Clear Blue or persons acting on its behalf are expressly qualified in their entirety by this notice.”
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this press release. Such securities have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and therefore may not be offered or sold within the United States, or for or for the account or benefit of persons in the United States or “U.S. Persons” as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
