Artevo Corporation: Press Release
February 05 2009 - 3:12PM
Marketwired Canada
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.
Artevo Corporation ("Artevo" or the "Corporation") (TSX VENTURE:AEV) announces
today that the Corporation was subject to a cease trade order issued by the
Alberta Securities Commission and other Canadian regulators for failing to file
its financial statements for the year ended September 30, 2008 (the "Financial
Statements") on or before February 4, 2008 as required. The Corporation was
unable to meet this deadline due to a change in management during the reporting
process in addition to the fact that the auditors of the Corporation were not
the auditors of Power Play Art Ltd., the operating company that amalgamated to
form Artevo Corporation pursuant to a qualifying transaction. The Corporation
has been in communication with Alberta Securities Commission and expects to file
the Financial Statements within the next two weeks. The Corporation will
endeavour to have the cease trade order revoked as soon as possible thereafter.
Artevo Corporation is a technology driven company focused on the production,
marketing and distribution of collectable fine art products.
The company is headquartered in Calgary, Alberta.
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