MISSISSAUGA, Ontario, Nov. 25, 2016 (GLOBE NEWSWIRE) -- DataWind Inc. (TSX: DW ), the leader in delivering Internet access to emerging markets, announces that the Ontario Securities Commission has today issued a Revocation Order, revoking the previously announced Failure-to-File Cease Trade Order that had been issued by the OSC against the Company on September 7, 2016, as the Company has filed the periodic continuous disclosure documents required under securities legislation.
Its common shares will resume trading on the Toronto Stock Exchange on Monday, November 28, 2016 at the beginning of regular trading hours.
DataWind recently reported is fiscal 2016 year-end results , as well as its fiscal 2017 first quarter and fiscal 2017 second quarter results.
DataWind management recently held a conference call which discussed these results. Interested parties can listen to replay by clicking here: http://edge.media-server.com/m/p/6ajizroy
Forward-Looking Information This press release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with our business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements, including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend” and similar expressions to the extent they relate to the company or its management. The forward- looking statements are not historical facts, but reflect management’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in the company’s expectations, except as prescribed by applicable securities laws.
No securities regulatory authority has either approved or disapproved the contents of this press release/media advisory.
About DataWind DataWind, Inc. is a leader in providing affordable mobile Internet connectivity in emerging markets. The company's patented, cloud-based technology reduces up to 97% the amount of data needed for web browsing, providing a broadband experience on any network -- even on legacy 2G networks that are still prevalent in developing countries. DataWind also provides economical smartphones and tablets that come bundled with one year of unlimited Internet access, making it the largest tablet provider in India. DataWind's unique solution offers broad social and economic benefits for the billions of people around the world for whom an Internet connection was previously out of reach. DataWind is traded on the Toronto Stock Exchange (TSX: DW ). For more information, visit www.datawind.com .
Company Contact: Dan Hilton Chief Financial Officer DataWind Inc. +1(613) 277-3266 dan.hilton@datawind.com Investor Relations: Michael Koehler Liolios Investor Relations +1(949) 574-3860 DW@liolios.com
