Growthgen Equity Inc.

March 06, 2007 15:25 ET

Growthgen Equity Inc. Announces the Amendment and Refiling of its June 30 and September 30, 2006 Quarterly Financial Statements

TORONTO, ONTARIO--(CCNMatthews - March 6, 2007) - Growthgen Equity Inc. (TSX VENTURE:GGQ.P) ("Growthgen"), a capital pool company listed on the TSX Venture Exchange (the "Exchange"), announced today that it has voluntarily refiled on SEDAR amended quarterly financial statements in respect of the six-month period ended June 30, 2006 and the nine-month period ended September 30, 2006. The amended financial statements are being refiled in order to reflect the expensing by Growthgen of stock-based compensation granted to its directors on May 26, 2006.

The Exchange has neither approved nor disapproved the content of this news release.

About Growthgen

Growthgen is a capital pool company with its common shares listed on the Exchange. Its principal business is the identification and evaluation of assets, businesses, or interests with a view to completing a qualifying transaction as described in the policies of the Exchange. Growthgen has not commenced operations of any kind and has no assets other than cash.

Forward Looking Statements

This press release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Growthgen and Process Photonics to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Growthgen Equity Inc.
    Craig Leon
    (416) 368-4397