Wamco Technology Group Ltd.

December 01, 2010 18:26 ET

Wamco Technology Group Ltd. Announces Revocation of Cease Trade Orders

TORONTO, ONTARIO--(Marketwire - Dec. 1, 2010) - Wamco Technology Group Ltd. ("Wamco" or the "Company") announces that both the Alberta Securities Commission ("ASC") and the British Columbia Securities Commission ("BCSC") have revoked the cease trade orders that they had previously issued against the Company. On November 30, 2010, the ASC revoked the cease trade order it had issued on July 18, 2003 for the Company's failure to file with the Executive Director of the ASC the Company's annual audited financial statements for the year ended December 31, 2002 and for failure to concurrently send such financial statements to each holder of its securities. On November 30, 2010, the BCSC revoked the cease trade order it had issued against the Company on May 11, 2009 for the Company's failure to file the Company's comparative financial statement and management's discussion and analysis for the year ended December 31, 2008 (the "2008 Required Filings"). The BCSC had previously issued a partial revocation of the BCSC cease trade order which allowed the Company to complete a private placement which in turn allowed it to file the 2008 Required Filings.

The Company presently does not have an active business but is pursuing strategic partnerships with interested businesses.

Contact Information

  • Wamco Technology Group Ltd.
    Mr. Stephen Dunn
    Director
    (416) 822-3343