Rapid announces de-listing



    CALGARY, Aug. 12 /CNW/ - Rapid Solutions Corporation (TSX-V: RPD) today
announced that as a result of its discontinued business operations and recent
resignations of the board of directors, the Company no longer meets the
continued listing requirements of the TSX Venture Exchange. The shares of
Rapid have been halted from trading and the Company expects that, as per
Policy 2.9, the shares will be subject to an involuntary de-listing from the
TSX Venture Exchange after being halted for a 12 month period.

    
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    

    Forward Looking Information

    This press release may contain forward-looking statements which may
include estimates, plans, expectations, opinions, forecasts, projections,
guidance or other statements that are not statements of fact; including
without limiting the generality of the foregoing, statements made by the Chief
Executive Officer. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, it cannot give
any assurance that such expectations will prove to be correct. Results of
Rapid may be affected by a variety of variables and risks associated with the
software and technology services industry such as loss of market, competition
from other software and technology and service providers, ability to access
sufficient debt and equity capital from internal and external sources, ability
to expand in the marketplace and to maintain present clientele, ability to
generate sufficient cash flow from operations to meet current and future
obligations and risks associated with potential future lawsuits and regulatory
actions made against the Company. Rapid's business is focused principally on
the oil and gas and chemical industries and is therefore subject to all of the
risks associated with such industries, including the highly cyclical nature of
its economic returns. Forward-looking statements are subject to certain risks
and uncertainties and may be based on assumptions that could cause actual
results to differ materially from those anticipated or implied in such
statements. The Company's forward-looking statements are expressly qualified
in their entirety by this cautionary statement. Unless otherwise required by
applicable securities laws, the Company does not intend nor does it undertake
any obligation to update or review any forward-looking statements to reflect
subsequent information, events, results or circumstances or otherwise.





For further information:

For further information: Michael Jones, CEO, Phone: (403) 451-3105

Organization Profile

RAPID SOLUTIONS CORPORATION

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