MONTREAL, Feb. 27, 2015 /CNW Telbec/ - (TSXV: SDW): Sofame Technologies Inc. is providing a bi-weekly update on further developments at the company in accordance with Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults. Sofame expects to file its audited annual financial statements, management discussion and analysis ("MD&A") and CEO and CFO certifications for the year ended September 30, 2014 by March 29, 2015.
In February, Sofame received a new Percotherm® order for a major direct-contact heat recovery system for the CHUM super hospital in Montreal. Sofame is also strengthening is distribution network across Canada, and has recently appointed Enviroair in Halifax, as its representative for Eastern Canada. At any given moment, Sofame's sales pipeline comprises over three dozen active projects in various stages of design, costing and bidding.
According to John Gocek, Sofame's President, "Industrial quoting activity across Canada is increasing. This is a welcome development at a time when low oil prices are an unexpected obstacle to selling more frac heaters in Alberta."
Certain directors, officers and insiders are prohibited from trading in securities of the company for as long as the annual financial statements, MD&A and related certifications are not filed. In the event the audit is not completed within the delay, a general Cease Trade Order will be imposed.
All persons, other than directors, officers or insiders, may trade freely in the Corporation's securities.
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.
For further information: John Gocek, President & CEO, (514) 523-6545 x200; Stone Communication Services, Jason Stone, (416) 867-2533, [email protected]