NLI Newlook Industries Corp

Newlook Industries Corp. ("Newlook" or the "Company") (TSX VENTURE:NLI)
announces that it anticipates to be late in filing its annual financial
statements and management, discussion and analysis (MD&A) for the year ending
December 31, 2009 on or before the prescribed deadline of April 30, 2010. 


The Company has made an application with the applicable securities regulators
under National Policy 12-203 ("NP 12-203") requesting that a management cease
trade order be imposed in respect of this late filing rather than an issuer
cease trade order, but there is no assurance that it will be granted.


Newlook has been unable to complete the required filings within the prescribed
time. Newlook has accepted the resignations of Gary Hokkanen, Chief Financial
Officer, and Jason Moretto, President and Director, effective immediately.
However, Mr. Moretto has agreed to assist the Company as an independent
contractor as it diligently works to expedite the required filings by the
targeted completion date. As a result of these and certain changes in its
internal accounting staff and processes, the Company requires additional time
for the completion of its annual financial statements, MD&A and audit.


Newlook fully expects to file its financial statements and MD&A for the year
ending December 31, 2009 on or prior to June 30, 2010. The Company confirms that
it will satisfy the provisions of the alternative information guidelines under
NP 12-203 by issuing bi-weekly default status reports in the form of news
releases so long as it remains in default of the filing requirements to file its
financial statements and MD&A within the prescribed period of time. Newlook is
not subject to any insolvency proceedings at the present time. The Company
confirms that there is no other material information relating to its affairs
that has not been generally disclosed. 


Newlook Industries Corp., headquartered in King City, Ontario is a publicly
traded company listed on the TSX Venture Exchange. For more information please
call (905) 833-3072 or refer to www.sedar.com.


The management of the company, who take full responsibility for its content,
prepared this press release. This press release contains forward-looking
statements relating to future events and results that are based on Newlook's
current expectations. These statements involve risks and uncertainties
including, without limitation, Newlook's ability to successfully develop and
market its products, consumer acceptance of such products, competitive pressures
relating to price reductions, new product introductions by third parties,
technological innovations, and overall market conditions. Consequently, actual
events and results in future periods may differ materially from those currently
expected.

Newlook Industries Corp (TSXV:NLI)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Newlook Industries Corp (TSXV:NLI)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024