Company: Artaflex Inc.
Stock Symbol: ATF
Listing: TSX Venture Exchange
Web Site: www.artaflex.com
TORONTO, March 27, 2012 /PRNewswire/ - Artaflex Inc.
(TSX-V: ATF) (the "Corporation") is pleased to announce that
effective at market opening on March 27,
2012, the Corporation's common shares will commence trading
on Tier 2 of the TSX Venture Exchange ("TSXV") under the symbol
"ATF".
The TSXV has accepted for filing the
amalgamation (the "Amalgamation") of Adeptron Technologies
Corporation ("Adeptron") and Artaflex Inc.
("Artaflex") to form the Corporation pursuant to a
definitive agreement dated November 21,
2011 and an amalgamation agreement dated November 22, 2011, more fully described in the
news release of the Corporation dated March
20, 2012 and in the TSXV's Bulletin dated March 26, 2012. The Amalgamation
constituted a reverse takeover transaction of the Corporation under
Policy 5.2 of the TSX Venture Exchange Corporate Finance Manual, as
set out in the management information circular of Adeptron dated
February 13, 2012 (the
"Circular"). The Circular is available under the
Corporation's profile on SEDAR.
Early Warning
Pursuant to the Amalgamation, Artaflex Holdings
Inc. ("AHI") acquired ownership of 11,874,996 common shares of the
Corporation (the "Common Shares"), representing approximately
74.83% of the total issued and outstanding Common Shares, in
exchange for the 989,583 common shares of Artaflex previously held
by AHI.
At the time of the Amalgamation AHI intended,
and it continues to intend, to hold the Common Shares for
investment purposes. AHI has no current intention to sell the
Common Shares held by AHI or to acquire ownership of, or control
over, additional Common Shares.
Annual Financial Statements of
Adeptron
The Corporation intends to file on SEDAR today
Adeptron's audited annual financial statements for the period ended
December 31, 2011, prepared in
accordance with IFRS.
About Artaflex:
Artaflex is a specialist at delivering
integrated product solutions and support to the global technology
and electronics industry. As a leading global provider of complete
Electronics Manufacturing Services (EMS), Artaflex offers
world class manufacturing facilities and global partners throughout
Canada, the United States, Israel and China, allowing Adeptron to provide its
customers the flexibility and scalability to
competitively achieve total solutions to their present and future
electronics outsourcing needs. Visit Artaflex at:
www.artaflex.com
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.
THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING
STATEMENTS AND INFORMATION RELATING TO SUCH MATTERS AS EXPECTED
FINANCIAL PERFORMANCE, BUSINESS PROSPECTS, TECHNOLOGICAL
DEVELOPMENTS, DEVELOPMENT ACTIVITIES AND LIKE MATTERS. THESE
STATEMENTS INVOLVE RISK AND UNCERTAINTIES, INCLUDING BUT NOT
LIMITED TO RISK FACTORS DESCRIBED IN DOCUMENTS FILED WITH
REGULATORY AUTHORITIES, SUCH AS ADEPTRON'S MOST RECENTLY FILED
ANNUAL AND QUARTERLY REPORTS AND ANNUAL INFORMATION FORM.
ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE PROJECTED AS A
RESULT OF THESE RISKS AND SHOULD NOT BE RELIED UPON AS A PREDICTION
OF FUTURE EVENTS. THE CORPORATION UNDERTAKES NO OBLIGATION TO
UPDATE ANY FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR
CIRCUMSTANCES AFTER THE DATE ON WHICH SUCH STATEMENT IS MADE, OR TO
REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
The TSX Venture Exchange has in no way passed
upon the merits of the Amalgamation and has neither approved nor
disapproved the contents of this press release.
SOURCE Artaflex Inc.