MONTREAL, Jan. 9, 2012 /CNW Telbec/ - Sofame Technologies Inc. (TSXV: SDW), a leading manufacturer of environmentally efficient industrial water heaters and cost effective heat recovery systems for traditional boilers, is pleased to announce that the TSX Venture Exchange has advised that the company's shares are scheduled to be reinstated to trading effective the opening January 10, 2012. Sofame previously announced on December 8th the simultaneous revocation of three cease trade orders ("CTO's") which were issued by the Autorité des marchés financiers (the "AMF") on June 16, 2011, by the BC Securities Commission on June 9th, 2011 and by the Alberta Securities Commission on September 12th, 2011.
According to Sofame's President and CEO, John Gocek, "With the return of Sofame's shares to trading, we have achieved a critical milestone. We are deeply grateful to all the stakeholders who made this event possible."
Robert Presser, returning Chairman of Sofame's new Board which was elected at the Annual and Special Meeting of shareholders on December 19, 2011 stated, "Sofame will continue developing its sales funnel in the weeks ahead, and that entails closing new orders, and stepping-up the outsourcing model for fabrication of our industrial energy efficiency systems."
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.
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 further information:
| John Gocek
President & CEO
(514) 523-6545 x200
| Stone Communication Services