TORONTO, May 2, 2022 /CNW/ - Eddy Smart Home Solutions
Ltd. ("Eddy") (TSXV: EDY) announced today an extension of
the outside closing date for the previously announced acquisition
of all of the issued and outstanding common shares of Reed Controls
Inc. (dba Reed Water)
("Reed") to May 17, 2022.
About Eddy
Eddy is a North American provider and developer of residential
and commercial smart water metering products and monitoring
services, helping property owners protect, control, and conserve
water usage by combining water sensing devices with behavioural
learning software. For more details on Eddy's products or company
information, please visit eddysolutions.com.
Cautionary notice
Investors are cautioned that any information released or
received with respect to the transactions described herein may not
be accurate or complete and should not be relied upon. Trading in
the securities of the Company should be considered highly
speculative.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Notice regarding forward-looking statements
This press release may contain certain forward-looking
information and statements ("forward-looking information") within
the meaning of applicable Canadian securities legislation, that are
not based on historical fact, including without limitation
statements containing the words "believes", "anticipates", "plans",
"intends", "will", "should", "expects", "continue", "estimate",
"forecasts" and other similar expressions. Forward-looking
information in this press release incudes statements with respect
to Eddy's ability to complete the Transaction on the terms and
timing described herein, or at all; the ability of Eddy to obtain
the necessary approval of the TSXV; the proposed Board nominee of
Reed; and the anticipated effects of the completion of the
Transaction on Eddy and its strategic direction. Readers are
cautioned to not place undue reliance on forward-looking
information. Actual results and developments may differ materially
from those contemplated by these statements. The Company undertakes
no obligation to comment on analyses, expectations or statements
made by third-parties in respect of the Company, its securities, or
financial or operating results (as applicable). Although the
Company believes that the expectations reflected in forward-looking
information in this press release are reasonable, such
forward-looking information has been based on expectations, factors
and assumptions concerning future events which may prove to be
inaccurate and are subject to numerous risks and uncertainties,
certain of which are beyond the Company's control, including: the
risk that Eddy and Reed are unable to complete the Transaction on
the terms and timing described herein, or at all; Eddy's inability
to obtain approval from the TSXV; the Transaction not having the
anticipated beneficial effects on Eddy and its strategic direction;
and the risk factors discussed in the Company's filing statement
which are incorporated herein by reference and are available
through SEDAR at www.sedar.com. The forward-looking information
contained in this press release are expressly qualified by this
cautionary statement and are made as of the date hereof. The
Company disclaims any intention and has no obligation or
responsibility, except as required by law, to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise.
SOURCE Eddy Smart Home Solutions Ltd.