Tranzeo Wireless Technologies Inc.
TSX : TZT

Tranzeo Wireless Technologies Inc.

August 25, 2011 16:29 ET

Tranzeo Re-Files Q1 Financial Statements to Add Additional IFRS Disclosure

PITT MEADOWS, BRITISH COLUMBIA--(Marketwire - Aug. 25, 2011) - Tranzeo Wireless Technologies Inc. (the "Company") (TSX:TZT) announces that it has filed amended financial statements for the three months ended March 31,2011 on SEDAR to add additional IFRS disclosure and to correct a typographical error. The amended financial statements include the following changes:

  • the reference date on the balance sheet for the IFRS transition date was corrected from January 31, 2010 to January 1, 2010. There were no changes to the financial information included in the balance sheet;
  • a statement of changes in stockholders equity has been added; and
  • the IFRS transition note has been expanded to state that there was no impact to Canadian GAAP in the financial statements in regards to the application to IFRS. There were no other changes to the IFRS transition note.

Tranzeo and the Tranzeo logo are registered trademarks of Tranzeo Wireless Technologies Inc.

About Tranzeo Wireless Technologies Inc.:

Tranzeo Wireless Technologies Inc. (TSX:TZT) leads the wireless broadband industry as a premier manufacturer of high-performance wireless network equipment that allows communities and businesses to communicate without boundaries. Tranzeo's full spectrum of point-to-point and point-to-multipoint radios, WiMAX equipment, and mesh network solutions are designed for wireless internet service providers, governments, campuses, military, carriers, enterprise customers, and systems integrators around the globe. Headquartered in British Columbia, Canada, Tranzeo also has offices in San Diego, California, San Jose, California, and Indonesia. Visit http://www.tranzeo.com or phone 1.866.872.6936 for more information.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. We use words such as "anticipate", "plan", "expect", "believe", "intend" and similar expressions to identify forward-looking statements that relate to our business, management, operating results and financial condition and the planned acquisition of Aperto. These statements are not historical facts, but reflect our current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risk Factors" in our Annual Information Form and Management's Discussion and Analysis which may be found on SEDAR at www.sedar.com.

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