PROSYS TECH CORPORATION
TSX VENTURE : POZ

November 04, 2009 08:00 ET

Updates on Prosys' Activities and Audited Financial Statements

MONTREAL, QUEBEC, CANADA--(Marketwire - Nov. 4, 2009) - Prosys Tech Corporation (hereinafter, "Prosys")(TSX VENTURE:POZ) wishes to inform its shareholders that it is pursuing, through its affiliate Peak Positioning Inc. (hereinafter, "Peak"), the development of its wireless security services in order to market these services in the very near future. Prosys has already announced the signing of a strategic partnership between Peak and an important modem manufacturer that will allow Peak's wireless security services to be compatible with the manufacturer's modems.

Notwithstanding the emphasis on its commercialization efforts and its strategic business realignment, Prosys will prepare its annual financial statements for the year ended June 30, 2009, with the intention of filing them in the near future. The annual audited financial statements were to be filed before October 29, 2009.

About Prosys

Prosys maintains a participation in Peak Positioning Inc., a subsidiary. Prosys currently holds about 48% of Peak's issued shares and has an option to increase its holding to 50,1 % until January 31, 2010. The investment in Peak is in the scope of the Prosys' steps to diversify the global offer of services to its current customers and to improve Prosys' positioning for the development of the SMB market. For more information regarding Peak, please visit www.peakpositioning.com.

Neither 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.

Contact Information

  • Prosys Tech Corporation
    Mr. Georges Hebert
    President, Chief Executive Officer and
    interim Chief Financial Officer
    514-893-1177