Wamco Technology Group Ltd.

November 26, 2010 17:16 ET

Wamco Technology Group Ltd.: News Release

TORONTO, ONTARIO--(Marketwire - Nov. 26, 2010) - Wamco Technology Group Ltd. ("Wamco" or the "Company") announces that as a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify its ongoing disclosure obligations. The Company has re-filed its interim financial statements and management's discussion and analysis (MD&A) for periods ending March 31, 2010 and June 30, 2010, its 2009 annual MD&A and, the associated CEO and CFO certifications of the refilings.

The Company has amended the following items to conform with National Instrument 51-102:

  1. Amended our language on forward looking information.
  2. Added total liabilities and total assets to the table of quarterly and annual information provided in the MDA's. 
  3. Provided risk factors associated with the company.
  4. Provided the names of the directors who have lent funds to the company.
  5. Provided a more in depth description of the Company's method for dealing with the IFRS changes in 2011. 
  6. Certain numbers have changed in the refiled financial statements and MD&As which are not material to the readers but were done to correct for typographic errors or to amend the statement of cash flows to conform to GAAP. 
  7. The Company presently does not have an active business but is pursuing strategic partnerships with interested businesses.

Forward Looking Information: This news release contains or refers to forward-looking information. All information other than statements of historical fact that address activities, events or developments that Wamco believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond Wamco's ability to control or predict that may cause actual events or results to differ materially from those discussed in such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Wamco disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Wamco believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be placed on these forward-looking statements due to the inherent uncertainty therein.

Contact Information

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