TORONTO,
Feb. 24, 2014 /CNW Telbec/ - Mitec
Technologies Inc. (NEX: MTM.h) has announced that it has
changed the corporation's financial year-end from April 30 to December 31. Pursuant to
Section 4.8 of National Instrument 51-102, the corporation has
filed on SEDAR a notice of change in year-end, providing
information about the length and filing dates of its annual audited
financial statements and interim financial statements for both its
transition year and subsequent financial years.
Mitec has also announced that in accordance with
its agreement and subject to regulatory approval, 140,000
common shares have been issued to each of four individuals in
payment for advisory services and other obligations completed with
respect to the intellectual property it recently
acquired.
This news release contains forward-looking
statements which reflect Mitec's current expectations regarding
future events. The forward-looking statements are often, but not
always, identified by the use of words such as "seek",
"anticipate", "plan, "estimate", "expect", "intend" and statements
that an event or result "may", "will", "should", "could" or "might"
occur or be achieved and other similar expressions. These
forward-looking statements involve risk and uncertainties,
including the difficulty in predicting product approvals,
acceptance of and demands for new products, the impact of the
products and pricing strategies of competitors, delays in
developing and launching new products, the regulatory environment,
fluctuations in operating results and other risks, any of which
could cause results, performance, or achievements to differ
materially from the results discussed or implied in the
forward-looking statements. Many risks are inherent in the
industry; others are more specific to Mitec. Investors should
consult Mitec's ongoing quarterly filings for additional
information on risks and uncertainties relating to these
forward-looking statements. Investors should not place undue
reliance on any forward-looking statements. The Mitec assumes no
obligation to update or alter any forward-looking statements
whether as a result of new information, further events or
otherwise.
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.
SOURCE Mitec Technologies Inc.