(TSX - V: UZZ)
EDMONTON, May 6, 2013 /CNW/ - United Protection Security Group Inc. (the "Company") announces that, further to its news release of April 25, 2013, it failed to file its audited financial statements, and corresponding Management Discussion & Analysis, for the period ended December 31, 2012 by the filing deadline of April 30, 2102 and, as a result, the Alberta Securities Commission issued cease trade order (CTO) against the Company.
The Company still anticipates being able to file these financial statements by about May 10, 2013, at which time it will apply to revoke the CTO.
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Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in the Company's core business and core markets, (ii) performance of financial markets, including emerging markets, and including market volatility, liquidity and credit events. The press release is based on certain assumptions and analysis made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate. The material factors and assumptions underlying this forward-looking information include, but are not limited to: expected growth, the operation of UPSG's facilities, performance, availability and cost of labour and management resources, availability and cost of financing, and business prospects and opportunities. Readers are cautioned not to place undue reliance on forward-looking statements as actual results could differ materially from the plans, expectations, estimates or intentions expressed in the forward-looking statements. Except as required by law, the Company does not intend, and assumes no obligation, to update any forward-looking statement.
Neither the 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: United Protection Security Group Inc.
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Fredy Ramsoondar CEO and Director