TORONTO, Feb. 24, 2014 /CNW Telbec/ - Mitec Technologies Inc. (NEX: MTM.h) has announced that it has changed the corporation's financial year-end from April 30 to December 31. Pursuant to Section 4.8 of National Instrument 51-102, the corporation has filed on SEDAR a notice of change in year-end, providing information about the length and filing dates of its annual audited financial statements and interim financial statements for both its transition year and subsequent financial years.
Mitec has also announced that in accordance with its agreement and subject to regulatory approval, 140,000 common shares have been issued to each of four individuals in payment for advisory services and other obligations completed with respect to the intellectual property it recently acquired.
This news release contains forward-looking statements which reflect Mitec's current expectations regarding future events. The forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan, "estimate", "expect", "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. These forward-looking statements involve risk and uncertainties, including the difficulty in predicting product approvals, acceptance of and demands for new products, the impact of the products and pricing strategies of competitors, delays in developing and launching new products, the regulatory environment, fluctuations in operating results and other risks, any of which could cause results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. Many risks are inherent in the industry; others are more specific to Mitec. Investors should consult Mitec's ongoing quarterly filings for additional information on risks and uncertainties relating to these forward-looking statements. Investors should not place undue reliance on any forward-looking statements. The Mitec assumes no obligation to update or alter any forward-looking statements whether as a result of new information, further events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Mitec Technologies Inc.
For further information:
Mr. Jeffrey Mandel
President & CEO
Tel.: (905) 822-8170