MTI Global Inc.
TSX : MTI

MTI Global Inc.

November 11, 2009 19:52 ET

MTI Global Delays Announcement and Filing of Its Third Quarter Financial Statements and Related MD&A

MISSISSAUGA, ONTARIO--(Marketwire - Nov. 11, 2009) - MTI Global Inc. (TSX:MTI) today announced that the third quarter results news release and conference call and webcast in respect of the third quarter ended September 30, 2009 will be delayed.

The delay is due to a significantly greater amount of time than anticipated being required to consolidate the financial information from its international operations.

As a result of this delay, MTI Global will disseminate and file the third quarter financial statements and related MD&A after market close on Friday, November 13th, 2009 and will hold the conference call Monday, November 16, 2009 at 11:00 am EST.

About MTI Global:

MTI Global Inc. (TSX:MTI) designs, develops and manufactures custom-engineered products using silicone and other cellular materials. The Company serves a variety of specialty markets focused on two main areas: Silicone and MTI Polyfab, comprising, Aerospace and Fabricated Products. The Company designs and fabricates energy management systems from a variety of flexible, cellular materials. MTI Global also produces and distributes specialty silicone elastomer products. MTI Global's primary markets are aerospace and mass transit. Secondary markets include sporting goods, automotive, industrial, institutional, and electronics. MTI Global's head office and Canadian manufacturing operations are located in Mississauga, Ontario, with international manufacturing operations located in Bremen, Germany, Milton, Florida and a contract manufacturer venture in Ensenada, Mexico. The Company also maintains engineering support centres in Brazil and Toulouse, France. The Company's website is www.mtiglobalinc.com.

The foregoing press release contains forward-looking information within the meaning of applicable securities laws, including statements relating to the Company's plans to provide further disclosure. Terms and phrases such as "will", "continues" and "intends" are intended to identify forward-looking information. These statements and information are derived from MTI Global's current expectations and assumptions including the current status of its third quarter financial statements and the remaining information that must be obtained and reconciled in order to finalize such financial statements and related MD&A. Although MTI Global believes that the expectations and assumptions reflected in any forward-looking information are reasonable, the events predicted in these statements may differ materially from actual results or events, many risks, uncertainties and other factors could cause events to differ from current expectations, including delays in obtaining and reconciling the remaining information. Consequently, these factors should be considered carefully and readers should not place undue reliance on MTI Global's forward-looking information. MTI Global disclaims any intention or obligation to update or revise any forward-looking information, except as required by applicable law.

Contact Information

  • MTI Global Inc.
    Bill Neill
    Chief Executive Officer
    (905) 564-9700
    www.mtiglobalinc.com
    or
    Fleishman-Hillard Canada
    Alison Ford
    Investor Relations
    (416) 214-0701