Straight Forward Marketing Corporation

November 15, 2005 12:37 ET

Straight Forward Marketing Corporation Delays Filing Of Annual Statements

TORONTO, ONTARIO--(CCNMatthews - Nov. 15, 2005) - Straight Forward Marketing Corporation (CNQ:SFMC) is providing an update in accordance with Ontario Securities Commission ("OSC") Policy 57-603 Defaults by Reporting Issuers in Complying with Financial Statement Filing Requirements (the "OSC Policy"). The directors of SFMC are currently subject to a cease trade order in respect of securities of the Corporation issued by the OSC on November 2, 2005. The cease trade order results from the delay in filing the Corporation's annual financial statements for the year ended June 30, 2005. The late filing of the required statements is due to a delay in information being forwarded to the auditor and the proposed merger between the Company and Sackport Ventures Inc. Based on the work completed to-date, SFMC anticipates that the annual financial statements will be filed by December 1, 2005. In the event that SFMC does not file its annual statements by December 28, 2005 the Ontario Securities Commission may impose an Issuer Cease Trade Order. SFMC intends to satisfy the provisions of the Alternative Information Guidelines during the period SFMC remains in default of the filing requirements.

Contact Information

  • Straight Forward Marketing Corporation
    Brian Ablett
    (416) 506-0962
    1 First Canadian Place, Suite 810
    Toronto, Ontario M5X 1A9