MONTREAL, August 13, 2021 (GLOBE NEWSWIRE) – D-BOX Technologies inc. (“D-BOX” or the “Company”) (TSX: DBO) announces that following its press release dated July 28, 2021 (“Declaration of Breach”) regarding the gradual resumption of its activities following a cyber ransom attack and the anticipated delay in submitting its preliminary consolidated financial statements, summarized and the unaudited documents, and its management report for the quarter ending June 30, 2021, as well as the certificates of the Head of Management and the Chief Financial Officer which were due to be submitted on August 14, 2021 (together the “Required Documents”), the principal regulator of the company, Autorité des marchés Financiers (“ AMF”), issued a Trade Suspension Order Limited to Executives (“IOLD”) on August 12, 2021, pursuant to General Instructions 12-203 relating to a Trade Suspension Order Limited to Executives (“IG 12-203”). Under IOLD, the CEO, CFO and all directors of the company may not trade in the securities of the company until the company submits the required documents and the Arab Monetary Fund cancels the IOLD. IOLD does not affect the ability of shareholders to trade their securities. The company plans to submit the required documents as soon as they become available, but in any case no later than September 16, 2021.
The Board of Directors and the management of the company confirm that they are working hard to provide the required documents and confirm that since the company’s press releases of July 14, 2021 and July 28, 2021:
- there has been no material change from the information in the disclosure of the breach that could reasonably be expected to be material to the investor;
- there has been no breach by the Company of its representations regarding compliance with the Alternative Information Guidelines under GI 12-203;
- there has not been, and is not expected to be, a specific breach following the breach referred to in the notice of breach; And
- There is no material information about the company’s affairs that has not been announced.
Until the required documents are submitted and the IOLD has been raised, the Company intends to continue to meet the provisions of the Alternative Information Guidelines under GI 12-203 by issuing situation reports in the form of additional press releases every two weeks.
D-BOX redefines and creates realistic, immersive, and tactile entertainment experiences by providing whole-body feedback and stimulating the imagination through the effects of motion, vibration and texture. Basically, haptic touch allows a person to experience sensations that can be perceived if the body interacts directly with physical objects. This expertise explains why D-BOX collaborates with the world’s best companies to tell compelling stories. Whether it’s movies, video games, music, relaxation, virtual reality applications, entertainment or professional simulation, D-BOX’s mission is to bring the world to life and exciting action like never before. D-BOX Technologies Inc. (TSX: DBO) is headquartered in Montreal, Canada, with offices in Los Angeles, United States, and Beijing, China. D-Box.com
|For more information, please contact:|
|Technologies D-BOX INC.|
|Stefan Vidal||David Monpetit|
|Vice President of Marketing and Communications||Chief Financial Officer|
|450442-3003, internal 373||450442-3003, internal 296|
|[email protected]||[email protected]|
Caution regarding forward-looking information
Certain information in this press release may constitute “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding the timing, review, completion and filing of required documents as well as the duration of the Company’s IOLD, its plans, activities, objectives, operations, strategy and business expectations, its financial results, financial position or underlying assumptions. In this press release there are terms such as “may,” “likely,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” and similar expressions. or conditional or future position, and the negative form, to designate forward-looking statements. Forward-looking statements should not be construed as guarantees of future performance or results and do not necessarily indicate precisely whether or how and when such future performance will materialize. By their nature, forward-looking statements are subject to many risks and uncertainties and are based on numerous assumptions that give rise to the possibility that actual results may differ materially from the Company’s expectations expressed or implied in such statements. No guarantee can be given that the events anticipated from the forward-looking statements will occur, including, but not limited to, its plans, activities, objectives, operations, strategy, business outlook, financial results and financial condition.
Forward-looking statements are made in this press release to provide information about management’s current expectations and plans and to provide investors and others with a better understanding of the environment in which the Company operates. However, readers are cautioned that these forward-looking statements may not be suitable for other purposes.
These forward-looking statements are based on information available at that time and/or on management’s good faith beliefs regarding future events. They are subject to known and unknown risks, uncertainty and other unexpected factors, many of which are beyond D-BOX’s control.
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