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NEX: PST.H
CALGARY, Aug. 27 /CNW/ - PsiNaptic Inc. (NEX: PST.H) has filed on SEDAR its unaudited third quarter interim financial statement, and related MD&A.
The closing of the non-brokered private placement in May 2008 has lent stability to the Company for the balance of this calendar year.
The reverse takeover announced in July 2007 has been terminated and the focus of operations has returned to the Company's core business. Trading of the Company's shares has now commenced on the NEX Exchange.
The development targets under the licensing agreement with Novatium Solutions Pvt Ltd of Chennai, India were successfully met on time.
The Company looks forward to recording revenue from the licensing of its technology to Novatium by calendar year end.
About PsiNaptic Inc.
PsiNaptic is a technology company that develops and markets software based on open standards to address the growing need to connect small, low-power wired or wireless devices without human intervention, configuration or set up. PsiNaptic solutions operate on multiple platforms, across various networks including Bluetooth and WiFi.
The NEX Exchange has not reviewed and does not accept responsibility for
the adequacy and accuracy of this release.