Newlook Files Fiscal 2009 Financial Statements
August 10 2010 - 9:40AM
Marketwired
Newlook Industries Corp. ("Newlook" or the "Company")(TSX VENTURE:
NLI) is pleased to announce it has released its audited
consolidated financial statements for the year ended December 31,
2009, along with associated management discussion and analysis (the
"Annual Filings").
The delay in the release of the Annual Filings has hindered the
filing of Newlook's financial statements for the quarter ended
March 31, 2010, along with associated management discussion and
analysis (the "Interim Filings"). Newlook previously announced that
both the Annual Filings and Interim Filings would be delayed. With
the release of the Annual Filings, Newlook has begun work on the
Interim Filings and anticipates their release in the near
future.
The TSX Venture Exchange ("TSXV") suspended trading in the
Company's securities on July 2, 2010 as a result of a Cease Trade
Order ("CTO") issued by the Ontario Securities Commission ("OSC").
The CTO was caused by the delay in the Annual and Interim Filings.
The CTO is anticipated to remain in effect until shortly after the
receipt by the OSC of the outstanding Interim Filings.
Reinstatement to trading can occur only when the CTO is revoked and
the TSXV has concluded its reinstatement review to ensure the
Company has satisfactorily complied with all TSXV requirements.
Newlook Industries Corp., headquartered in King City, Ontario is
a publicly traded company listed on the TSX Venture Exchange. For
more information please call (905) 833-3072 or refer to
www.sedar.com.
The management of the company, who take full responsibility for
its content, prepared this press release. 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. This
press release contains forward-looking statements relating to
future events and results that are based on Newlook's current
expectations. These statements involve risks and uncertainties
including, without limitation, Newlook's ability to successfully
develop and market its products, consumer acceptance of such
products, competitive pressures relating to price reductions, new
product introductions by third parties, technological innovations,
and overall market conditions. Consequently, actual events and
results in future periods may differ materially from those
currently expected.
Contacts: Newlook Industries Corp. John G. Simmonds Chief
Executive Officer (905) 833-3072 x223
Newlook Industries Corp (TSXV:NLI)
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