Omnitech Consultant Group inc.

Omnitech Consultant Group inc.

October 03, 2005 17:15 ET

GCO Plans to File its Annual Financial Statements on October 12th, 2005

QUEBEC CITY, QUEBEC--(CCNMatthews - Oct. 3, 2005) - Omnitech Consultant Group Inc. (TSX VENTURE:GCO) ("GCO") announces that it did not meet the prescribed deadline of September 28, 2005 for filing with the regulatory authorities its annual financial statements and management report for the fiscal year ended May 31, 2005.

"Our administrative team and our auditors are making every effort to finalize the auditing work," says Claude Belley, President and Chief Executive Officer of GCO.

"These delays are primarily due to the recent financings and the closing of acquisitions such as Groupe ISAC Inc. Note also that within the same year, we have succeeded in performing the reverse takeover of Bio Angel 1, our initial public offering, seven acquisitions and integrations, as well as the raising of additional funds," says Christian Mercier, Vice President, Finance at GCO. "Our objective is to file our financial statements as quickly as possible."

In conformance with Canadian securities authorities notification 57-301, GCO has filed a notice of failure to file its financial statements within the prescribed deadlines and has requested that an operating prohibition limited to the management and administrators be imposed on the company, prohibiting them from trading GCO's securities until the financial statements have been filed. The shares, however, will continue to trade freely on the exchange.

As required by the securities commissions of the provinces involved, every two weeks GCO will file a report on the status of the failure to file until its financial statements have been filed.

About Omnitech Consultant Group Inc. ("GCO")

GCO operates in the engineering, information technology and systems maintenance sectors. GCO is capable of intervening in all aspects of industrial engineering and information technology (IT), thus combining a major and distinctive niche in comparison with the competition. GCO integrates new technologies or optimizes existing systems by applying cutting-edge expertise currently used in the best practices.

The TSX Venture Exchange assumes no responsibility with regard to the relevance or accuracy of this press release.

Contact Information

  • Omnitech Consultant Group Inc.
    Claude Belley
    (418) 626-9090
    Omnitech Consultant Group Inc.
    Philippe R. Bertrand
    Vice President, Communications and Public Affairs
    (418) 626-9090
    Paradox Public Relations
    Eric Leboeuf
    (514) 341-0408