TORONTO, June 08, 2018 (GLOBE NEWSWIRE) -- Enssolutions Group Inc. (TSXV:ENV.H) (OTC Pink Sheets:NSLSF), a manufacturer and distributor of environmentally responsible emulsion products for a wide variety of industrial and commercial market demands, announced today that it has received a request from the Ontario Securities Commission to revise and refile its unaudited consolidated financial statements for the three months ended March 31, 2018 (the “Interim Financial Report”) to update and clarify certain disclosures. These disclosures do not impact the consolidated statements of financial position, consolidated statements of comprehensive loss, consolidated statements of shareholders’ equity or consolidated statements of cash flows previously filed.
The Interim Financial Report has been revised to:
(a) Provide comparative information for the period ended March 31, 2017 in the table of Condensed Consolidated Statements of Changes in Equity; and
(b) Confirm, in Note 2 therein, that the Interim Financial Report has been prepared in accordance with IAS 34, Interim Financial Reporting.
All of the other information contained in the original Interim Financial Report, which was filed on SEDAR on May 23, 2018, remains unchanged. The revised Interim Financial Report has been refiled and can be viewed on SEDAR at www.sedar.com
About Enssolutions
Enssolutions manufactures, distributes and applies environmentally responsible products to meet a wide variety of industrial and commercial market demands. Enssolutions provides engineered environmental solutions for mine tailings control, process dust and erosion control, granular stabilization, road construction/maintenance and stockpile sealing. It has production facilities in Beamsvile, Ontario and Phoenix, Arizona that service some of North America’s largest mining, steel, cement, and road construction/maintenance companies as well as numerous public road authorities.
For more information on Enssolutions, please visit www.enssolutions.com.
Certain information in this news release constitutes forward-looking statements. When used in this news release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company’s current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company’s public disclosure documents. Many factors could cause the Company’s actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
For Further Information:
James D. Staudohar
President and Chief Executive Officer
Tel: (877) 520-6767
Email: jims@enssolutions.com
Neither the 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.
