MONTREAL, April 29 /CNW Telbec/ - Sofame Technologies Inc. (TSXV: SDW),
a leading manufacturer of environmentally efficient industrial hot
water systems and cost effective heat recovery equipment, is pleased to
report that the preparation of financial statements for the first
fiscal quarter ending December 31, 2010 is progressing normally. The
company expects to release these documents no later than May 6, 2011.
Sofame is reporting on progress in accordance with Policy 12-203
covering continuous disclosure obligations. An application to remove
the management cease trade order will be filed with the Autorité des
marchés financiers after the quarterly statements are filed. Certain
directors, officers and insiders of SOFAME are prohibited from trading
in securities of SOFAME for as long as the annual financial statements,
MD&A and related certifications are not filed.
Sofame Technologies Inc. custom engineers and manufactures unique,
high-efficiency direct-contact industrial hot water systems which
extract up to 99 percent of heat from flue gases depending on the
application, and return the energy in the form of high-temperature hot
water or pre-heated make-up air. Sofame's products help hospitals, food
processing plants, universities, central heating plants, utilities and
many more large energy consumers to significantly reduce fuel costs and
greenhouse gas emissions. Using world-leading, patented green
technology, Sofame serves industrial, institutional and commercial
markets through a network of dedicated engineering representatives. For
more information, visit www.sofame.com.
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.
SOURCE SOFAME TECHNOLOGIES INC.
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