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BluMetric to Delay Reporting 2013 Annual Financial Results

January 31, 2014

BluMetric Environmental Inc. , an Ottawa-based cleantech company, advises that it will not be able to file its audited financial statements for the thirteen months ended September 30, 2013 and related MD&A and CEO and CFO certificates by January 28 , as required under securities laws. According to a release, the delay in the filings has resulted from a larger-than-expected audit scope due to the reverse-takeover completed by the Company in November 2012 , along with longer-than- anticipated timelines. The Company is continuing to work with its auditors to complete its audited financial statements and MD&A for the thirteen months ended September 30, 2013 and has targeted completion and filing by February 4 . The Company confirms that it intends to satisfy the provisions of the alternative information guidelines found in sections 4.3 and 4.4 of National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults for so long as it is delayed in filing the annual financial statements and related MD&A and CEO and CFO certificates. The Company is not aware of any other material information concerning its affairs which has not been generally disclosed. In view of this delay in filing, the Company has applied to the applicable Canadian securities regulatory authorities for a management cease trade order. There can be no certainty that such an order will be granted. The applicable regulatory authorities may instead issue cease trade orders against the Company for failure to file its annual financial statements and related MD&A and CEO and CFO certificates within the prescribed time period. During this delay in filing, each of the directors and the officers of the Company has voluntarily agreed to cease trading in the Company's securities. More information: www.blumetric.ca ((Comments on this story may be sent to newsdesk@closeupmedia.com ))


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