INTEMA SOLUTIONS Inc. Obtains Revocation of Cease Trade Orders
MONTREAL, Sept. 24, 2012 /CNW Telbec/ - INTEMA SOLUTIONS INC. (TSXV: ITM) ("Intema" or the "Corporation"), a company that specializes in marketing technology solutions, is pleased to announce that the British Columbia Securities Commission, the Alberta Securities Commission and the Autorité des marchés financiers have each granted a full revocation of the cease trade orders previously filed against Intema (the "CTOs"). The revocation orders were filed on September 5, 2012, September 4, 2012 and September 5, 2012, respectively.
The CTOs were imposed for Intema's failure to file its annual audited financial statements, annual management's discussion and analysis, and certification of annual filings for the year ended December 31, 2010 (the "Annual Documents") and interim unaudited financial statements, interim management's discussion and analysis, and certification of interim filings for the interim period ended March 31, 2011 (the "Interim Documents").
Intema filed the Annual Documents on August 24, 2011 and the Interim Documents on October 20, 2011. The Corporation did not immediately apply to have the CTOs revoked and only after it proceeded with a major restructuring of its finances, its board of directors and the appointment of a new CFO did it seek the revocation of the CTOs. Intema has continued to pursue business opportunities and the development of a new technology platform that addresses the specific needs of predictive marketing. The introduction of the platform to the market is planned for the end of 2012
Intema had applied to the TSX Venture Exchange to reinstate the Corporation's shares for trading and has been advised that trading is scheduled to be reinstated effective the opening of September 25, 2012.
Intema re-iterates its intention to pursue its activities and to continue its primary mission of integrating cutting-edge, integrated marketing technologies. Intema intends to issue further news releases as warranted by the progress of its various projects and its ability to enter into material contracts.
About Intema Solutions Inc.
Intema Solutions Inc.'s mission is to integrate technologies to marketing. The company develops technologies for marketing and services related thereto. Its services are predictive marketing, relationship marketing and database marketing. Since 1994, INTEMA has dedicated its efforts to deliver key solutions to the marketing industry. Amongst its clients are companies of all sizes in North America. For more information, please visit our website at www.intema.ca
Caution concerning forward-looking statements
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Such statements include those with respect to the introduction of the Corporation's new platform and its future activities. Although the Corporation believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include the following: (i) no technological, financial or other obstacles will prevent the Corporation from introducing its new platform in a timely manner or altogether, (ii) the Corporation's management will not identify and pursue other business opportunities in addition, or as opposed to, its current activities, (iii) the Corporation will be successful in securing sufficient debt or equity financing or generating sufficient profits so as to finance its on-going operations. Factors that could cause actual results to differ materially from expectations include (i) the Corporation's failure to make effective use of its available funds in future, (ii) the failure of the Corporation's technology platform for technical or other reasons, (iii) the refusal of the TSX Venture Exchange to reinstate the Corporation's shares for trading, (iv) a deterioration in capital market conditions that prevents the Corporation from raising the funds that it requires on a timely basis and (v) generally, the Corporation's inability to develop and implement a successful business plan for any reason. These factors and others are more fully discussed in the Corporation's filings with Canadian securities regulatory authorities available at www.sedar.com. Actual results may vary from the forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined on policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Intema Solutions inc.
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