CALGARY, May 3 /CNW/ - Pure Technologies Ltd., ("Pure" or the "Company")
(TSXV: PUR) is pleased to announce that it has received conditional
approval of the Toronto Stock Exchange (the "TSX") for the listing of
the Corporation's common shares on the TSX. Once listed on the TSX,
the common shares will continue to trade under the present symbol
Listing of the common shares is subject to compliance with all of the
requirements of the TSX, including receipt of all required
documentation by the TSX no later than July 29, 2011. The Corporation
anticipates filing final listing materials with the TSX within the next
few days. The Corporation will issue a further press release as soon
as the date for trading on the TSX has been confirmed. Once listed on
the TSX, the Corporation's common shares will be delisted from the TSX
Commenting on the conditional listing, Jamie Paulson, Chairman, said,
"Graduating to the TSX marks a significant milestone for Pure. Over the
years, we have demonstrated dramatic growth in our business and we
believe the TSX listing will provide improved liquidity and visibility
for Pure and for our shareholders."
About Pure Technologies Ltd.
Pure Technologies Ltd. is an international asset management technology
and services company which has developed patented technologies for
inspection, monitoring and management of critical infrastructure around
the world. Pure's business model incorporates four distinct but
complementary business streams:
Sales of proprietary monitoring technologies for pipelines, bridges and
structures (SoundPrint®, SoundPrint® AFO);
Recurring revenue from data analysis and site maintenance for these technologies, and from
Premium technical services including inspection, leak detection and condition assessment (P-Wave®,
SmartBall®, Sahara®, PipeDiver™, PureRobotics™);
Specialized engineering services in areas related to asset management, primarily in the area of pipeline
condition assessment for water and wastewater infrastructure (Openaka,
Price Brothers UK Ltd, and Jason Consultants).
This release contains forward-looking statements. Forward-looking
statements, without limitation, may contain the words "believes",
"expects", "anticipates", "estimates", "intends", "plans", or similar
expressions. Forward-looking statements are not guarantees of future
performance. They involve risks, uncertainties and assumptions and the
Company's actual results could differ materially from those
anticipated. Forward-looking statements are based on the opinions and
estimates of Management at the date the statements are made, and are
subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those
projected in the forward-looking statements. In the context of any
forward-looking information please refer to risk factors detailed in,
as well as other information contained in, the Company's filings with
Securities Regulators (www.sedar.com).
® Registered Trademarks, property of Pure Technologies Ltd.
"The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release"
SOURCE Pure Technologies Ltd.
For further information:
To find out more about Pure Technologies Ltd. (TSXV: PUR), visit our website at www.puretechltd.com. Or contact James E. Paulson, Chairman or Karen Keebler, Chief Financial Officer at (403) 266-6794 or e-mail to email@example.com.