SOURCE: The NOW Corporation

February 27, 2014 06:30 ET

The Now Corporation Subjected to Cease Trade in British Columbia; U.S. Trading Is Not Affected by the Order

PORTLAND, OR--(Marketwired - Feb 27, 2014) - The Now Corporation (OTC: NWPN) (the "Company" or "NOW") has been subjected to a Cease Trade Order issued by the British Columbia Securities Commission under Section 164 of the Securities Act, R.S.B.C. 1996, c. 418, in British Columbia Canada only, and the OTC has correspondingly identified this on their quote system, this does not restrict trading of the company's shares in the USA and investors can get proper quotes from other financial web sites.

The Order from the British Columbia Securities Commission ("BCSC") is as set out below in quotes:

"The Now Corporation (NWPN) is a Nevada corporation with securities quoted on the OTC Pink tier of the OTC Markets platform, NWPN is an OTC issuer under Multilateral Instrument 51-105. Issuers Quoted in the U.S. Over-the-Counter Markets as its business has been directed or administered from British Columbia since March 17, 2013. NWPN has failed to file any of the records required under the Act and regulations as an OTC reporting issuer (the required records)".

Under US regulation NWPN is a non-reporting company and does not have to file any of the records required by reporting companies under SEC Regulation. The company is not listed on an Exchange but is quoted on the OTC Pinks and therefore has not filed any financial statements, disclosure documents in British Columbia.

However, The Company has now been made aware that under Section 164 The Now Corporation is potentially responsible for filing financial statements and certain other corporate and related personnel information with the BCSC. Management is taking steps to address this matter.

Disclaimer:
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.

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