Saratoga Electronic Solutions Inc.
TSX VENTURE : SAR

Saratoga Electronic Solutions Inc.

September 17, 2008 15:14 ET

Saratoga Electronic Solutions Inc. Provides Further Update on Filing of Interim Financial Statements

MONTREAL, QUEBEC--(Marketwire - Sept. 17, 2008) - Saratoga Electronic Solutions Inc. ("Saratoga") (TSX VENTURE:SAR) announced today that, further to its press release of August 29, 2008, it has decided to delay the release of its interim financial statements for the three-month period ended June 30, 2008 and the related management discussion and analysis to no later than September 30, 2008. Saratoga filed its annual audited financial statements for the year ended March 31, 2008 and the related management discussion and analysis on September 11, 2008.

ABOUT SARATOGA ELECTRONIC SOLUTIONS INC.

Saratoga is in the business of placing and operating automatic teller machines. In addition, Saratoga has recently developed an infrastructure to support the international electronic remittance of funds designed to enable persons residing in Canada to electronically transfer funds to persons residing overseas. The initial launch of this service by Saratoga has been focused on the needs of the Canadian Filipino community to send funds to the Philippines in an economical and secure manner.

FORWARD LOOKING STATEMENTS

This news release contains certain forward-looking statements concerning our future operations, economic performance and financial condition. These statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. However, whether actual results and developments will conform to our expectations and predictions is subject to a number of risks, uncertainties and assumptions. Consequently, all of the forward-looking statements made in this news release are qualified by these cautionary statements, and there can be no assurance that the results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to or effects on us and our subsidiaries or their businesses or operations. We undertake no obligation and do not intend to update or revise any forward looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable law.

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

Contact Information

  • Saratoga Electronic Solutions Inc.
    Georges Durst
    President and Chief Executive Officer
    514-529-0663