PURE TECHNOLOGIES RECEIVES CONDITIONAL TSX LISTING APPROVAL
03 Maio 2011 - 6:24PM
PR Newswire (Canada)
CALGARY, May 3 /CNW/ -- CALGARY, May 3 /CNW/ - Pure Technologies
Ltd., ("Pure" or the "Company") (TSXV: PUR) is pleased to announce
that it has received conditional approval of the Toronto Stock
Exchange (the "TSX") for the listing of the Corporation's common
shares on the TSX. Once listed on the TSX, the common shares
will continue to trade under the present symbol "PUR". Listing of
the common shares is subject to compliance with all of the
requirements of the TSX, including receipt of all required
documentation by the TSX no later than July 29, 2011. The
Corporation anticipates filing final listing materials with the TSX
within the next few days. The Corporation will issue a
further press release as soon as the date for trading on the TSX
has been confirmed. Once listed on the TSX, the Corporation's
common shares will be delisted from the TSX Venture Exchange.
Commenting on the conditional listing, Jamie Paulson, Chairman,
said, "Graduating to the TSX marks a significant milestone for
Pure. Over the years, we have demonstrated dramatic growth in our
business and we believe the TSX listing will provide improved
liquidity and visibility for Pure and for our shareholders." About
Pure Technologies Ltd. Pure Technologies Ltd. is an international
asset management technology and services company which has
developed patented technologies for inspection, monitoring and
management of critical infrastructure around the world.
Pure's business model incorporates four distinct but complementary
business streams: -- Sales of proprietary monitoring technologies
for pipelines, bridges and structures (SoundPrint®, SoundPrint®
AFO); -- Recurring revenue from data analysis and site maintenance
for these technologies, and from technology licensing; -- Premium
technical services including inspection, leak detection and
condition assessment (P-Wave®, SmartBall®, Sahara®, PipeDiver™,
PureRobotics™); -- Specialized engineering services in areas
related to asset management, primarily in the area of pipeline
condition assessment for water and wastewater infrastructure
(Openaka, Price Brothers UK Ltd, and Jason Consultants).
Forward-Looking Statements This release contains forward-looking
statements. Forward-looking statements, without limitation,
may contain the words "believes", "expects", "anticipates",
"estimates", "intends", "plans", or similar expressions.
Forward-looking statements are not guarantees of future
performance. They involve risks, uncertainties and
assumptions and the Company's actual results could differ
materially from those anticipated. Forward-looking statements
are based on the opinions and estimates of Management at the date
the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking statements. In the context of any
forward-looking information please refer to risk factors detailed
in, as well as other information contained in, the Company's
filings with Securities Regulators (www.sedar.com). ® Registered
Trademarks, property of Pure Technologies Ltd. "The TSX Venture
Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release" To view this news release
in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/May2011/03/c8920.html p
To find out more about Pure Technologies Ltd. (TSXV: PUR), visit
our website at a
href="http://www.puretechltd.com"www.puretechltd.com/a. Or
contact James E. Paulson, Chairman or Karen Keebler, Chief
Financial Officer at (403) 266-6794 or e-mail to a
href="mailto:info@puretechnologiesltd.com"info@puretechnologiesltd.com/a.
/p
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