Ironclad TEK Inc.

Ironclad TEK Inc.

July 17, 2015 15:41 ET

Ironclad TEK Inc. Announces It Will Not Be Proceeding With Transaction With Platinum Communications Corporation

CALGARY, ALBERTA--(Marketwired - July 17, 2015) - Ironclad TEK Inc. (the "Company"), a private Alberta company, wishes to announce that the proposed transaction with Platinum Communications Corporation ("Platinum") will not be proceeding. The Company and Platinum were not able to negotiate mutually acceptable terms for a definitive agreement. To the knowledge of the Company, the failure to reach mutually acceptable terms was not the result of unsatisfactory due diligence carried out by Platinum on the Company. Both parties intend to continue to cooperate in pursuing joint business opportunities.

About Ironclad TEK Inc.

Ironclad TEK Inc. is an IT consulting and network monitoring company that provides network architecture, implementation and equipment procurement. It specializes in providing solutions and services in all market verticals.

ON BEHALF OF THE BOARD

Trond Aarflot, Director

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