Business
Seprotech updates status of previously reported delay in filing of 2010 annual financial statements and first quarter 2011 interim financial statements; advises delay in filing second quarter 2011 interim financial statements
May 2, 2011 (Canada NewsWire Group) -- OTTAWA, May 2 /CNW/ - Seprotech Systems Incorporated (...
About this update from Blumetric Environmental Inc.
[{"type":"text","content":"\n\n\n May 2, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nOTTAWA, May 2 /CNW/ - Seprotech Systems Incorporated (TSX-V: SET;\n "Seprotech" or the "Company") is providing an update on progress in\n completing audited financial statements and related filings for the\n fiscal year ended August 31, 2010, and its first quarter interim\n filings for the period ended November 30, 2010. The Company also\n advises of a delay in completing the interim filings for the second\n quarter ended February 28, 2011.\n\n\nIn its press release on December 17, 2010, (the "Default Notice"), the\n Company announced that it would not be able to file its audited\n financial statements for the year ended August 31, 2010 (the "Annual\n Financial Statements") and its related MD&A and CEO and CFO\n certificates (collectively, the "Annual Required Filings") by December\n 29, 2010 as required under securities laws.\n\n\nBy its subsequent press releases and related material change reports\n issued and filed between December 29, 2010 and February 9, 2011, the\n Company provided updates on the status of the Annual Financial\n Statements and the Annual Required Filings, and also reported a\n material change relating to an overstatement of revenues as reported in\n its financial statements for the quarters ended November 30, 2009,\n February 28, 2010, May 31, 2010 and possibly for the year ended August\n 31, 2009, in an undetermined material amount. In its pres...