OTTAWA, April 30 /CNW Telbec/ - In-Touch Survey Systems Ltd. ("In-Touch" TSX-Venture: INX) announced today that its 2008 audit is not yet complete which will delay the annual financial report by three weeks.
In 2008 In-Touch acquired two companies, NCI of Chicago and Markline of Minneapolis. Because of these acquisitions the audit is taking longer to complete than expected.
In-Touch reports that there are no other material issues related to the delay in releasing the annual financial reports and that the company will release its annual audited report on May 21, 2009. Pursuant to standard disclosure rules and regulations the company will continue to comply as required during the period of the delay.
In-Touch will follow the NP 12-203 Cease Trade Orders for Continuous Disclosure Defaults policy of the OSC and has applied to the OSC for approval for a Management Cease Trading Order.
The TSX Venture Exchange has not reviewed the foregoing and has neither
approved or disapproved the contents of this press release.
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