The Now Corporation Subjected to Cease Trade in British Columbia; U.S. Trading Is Not Affected by the Order
27 February 2014 - 10:30PM
Marketwired
The Now Corporation Subjected to Cease Trade in British Columbia;
U.S. Trading Is Not Affected by the Order
PORTLAND, OR--(Marketwired - Feb 27, 2014) - The Now Corporation
(OTC: NWPN) (the "Company" or "NOW") has been subjected to a Cease
Trade Order issued by the British Columbia Securities Commission
under Section 164 of the Securities Act, R.S.B.C. 1996, c.
418, in British Columbia Canada only, and the OTC has
correspondingly identified this on their quote system, this does
not restrict trading of the company's shares in the USA and
investors can get proper quotes from other financial web sites.
The Order from the British Columbia Securities Commission
("BCSC") is as set out below in quotes:
"The Now Corporation (NWPN) is a Nevada corporation with
securities quoted on the OTC Pink tier of the OTC Markets platform,
NWPN is an OTC issuer under Multilateral Instrument 51-105.
Issuers Quoted in the U.S. Over-the-Counter Markets as its
business has been directed or administered from British Columbia
since March 17, 2013. NWPN has failed to file any of the records
required under the Act and regulations as an OTC reporting issuer
(the required records)".
Under US regulation NWPN is a non-reporting company and does not
have to file any of the records required by reporting companies
under SEC Regulation. The company is not listed on an Exchange but
is quoted on the OTC Pinks and therefore has not filed any
financial statements, disclosure documents in British Columbia.
However, The Company has now been made aware that under Section
164 The Now Corporation is potentially responsible for filing
financial statements and certain other corporate and related
personnel information with the BCSC. Management is taking steps to
address this matter.
Disclaimer: Certain statements in this news release may
contain forward-looking information within the meaning of Rule 175
under the Securities Act of 1933, and are subject to Rule 3B-6
under the Securities Exchange Act of 1934, and are subject to the
safe harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and
objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and other results and
further events could differ materially from those anticipated in
such statements. Future events and actual results could differ
materially from those set forth in, contemplated by, or underlying
the forward-looking statements.
Mr. Brian Sims President The Now Corporation Phone:
1.800.997.8477 e-mail: nwpn.exopower@gmail.com
www.thenowcorporation.net
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