Process Capital Corporation

May 11, 2011 17:08 ET

Process Capital Announcement

TORONTO, ONTARIO--(Marketwire - May 11, 2011) -


Process Capital Corporation (TSX VENTURE:POR) (the "Company") announces that, further to its news release of May 5, 2011, as a result of a delay in the filing of its audited annual financial statements, management discussion and analysis (MD&A), and CEO and CFO confirmations for the year ending December 31, 2010 (collectively, the "2010 filings"), the Ontario Securities Commission (the "OSC") in accordance with its guidelines, has issued a Management Cease-trade Order ("MCTO") that prohibits, effective immediately, all trading of the securities of the Company by Robert H. Grimard, President and Chief Financial Officer for a period of fifteen days from the date of the MCTO. The Company is working to complete its 2010 filings at the earliest possible date and expects to file the 2010 filings by May 16th, 2011.

The Company confirms that it will satisfy the provisions of the alternative information guidelines under NP 12-203-Cease-trade Orders for Continuous Disclosure Defaults for issuers who have failed to comply with a specified continuous disclosure requirement within the times prescribed by applicable securities laws by issuing bi-weekly default status reports, if necessary, in the form of news releases as long as it remains in default of the filing requirements.

About POR

Process Capital Corporation is an environmental technology investment company publicly listed on the Toronto Venture Exchange (TSX VENTURE:POR).

Statements in this release which describe the Company's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of the Company to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. The Company may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions.

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.

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