OTTAWA, April 27, 2017 /CNW/ - BluMetric Environmental Inc. (TSX.V: BLM), an Ottawa-based cleantech company, is retracting its statement of expected revenues pertaining to its new four-year Standing Offer Agreement with the Canadian federal government for northern contaminated site environmental consulting services across all three Canadian territories.
To clarify, the contract is in place, but in its earlier press release dated April 27, 2017, the Company outlined management's expectation for revenues associated with this agreement. However, at this point, management cannot be certain of the revenues specific to each year, nor of costs relating to those revenues, and therefore cannot report them accurately as required in National Instrument 51-102, 4B, dealing with Future-Oriented Financial Information. BluMetric's management regrets any confusion.
This clarification was requested by IIROC.
About BluMetric Environmental Inc.
BluMetric Environmental Inc. is a publicly traded cleantech company with a portfolio of industry-leading products, processes, and services in the environment sciences and engineering sectors. We take pride in our strong record of providing sustainable solutions to the world's environmental challenges. Headquartered in Ottawa, Ontario, BluMetric's award-winning team of industry experts serves clients in Canada, the United States, and Central America.
Some of the statements in this press release, including those relating to the Company's quarterly and annual results, future products, opportunities and cost initiatives, strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, are forward-looking statements within the meaning of securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates, and projections regarding future events. The Company does not undertake any obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.
Neither 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.
For more information, visit www.blumetric.ca, or please contact:
SOURCE BluMetric Environmental Inc.
For further information: Roger Woeller, CEO, BluMetric Environmental Inc., Tel: 613.839.3053 x 242, Email: firstname.lastname@example.org; Robin M. Sundstrom, IRonside Investor Relations, Tel: 647.822.8111, Email: email@example.com