OTTAWA, April 27, 2017 /CNW/ - BluMetric Environmental
Inc. (TSX.V: BLM), an Ottawa-based
cleantech company, is retracting its statement of expected revenues
pertaining to its new four-year Standing Offer Agreement with the
Canadian federal government for northern contaminated site
environmental consulting services across all three Canadian
territories.
To clarify, the contract is in place, but in its earlier press
release dated April 27, 2017, the
Company outlined management's expectation for revenues associated
with this agreement. However, at this point, management
cannot be certain of the revenues specific to each year, nor of
costs relating to those revenues, and therefore cannot report them
accurately as required in National Instrument 51-102, 4B, dealing
with Future-Oriented Financial Information. BluMetric's
management regrets any confusion.
This clarification was requested by IIROC.
About BluMetric Environmental Inc.
BluMetric
Environmental Inc. is a publicly traded cleantech company with a
portfolio of industry-leading products, processes, and services in
the environment sciences and engineering sectors. We take
pride in our strong record of providing sustainable solutions to
the world's environmental challenges. Headquartered in
Ottawa, Ontario, BluMetric's
award-winning team of industry experts serves clients in
Canada, the United States, and Central America.
Forward-Looking Statements
Some of the
statements in this press release, including those relating to the
Company's quarterly and annual results, future products,
opportunities and cost initiatives, strategies and other statements
that are predictive in nature, that depend upon or refer to future
events or conditions, or that include words such as "expects",
"anticipates", "intends", "plans", "believes", "estimates", or
similar expressions, are forward-looking statements within the
meaning of securities laws. Forward-looking statements include,
without limitation, the information concerning possible or assumed
future results of operations of the Company. These statements are
not historical facts but instead represent only the Company's
expectations, estimates, and projections regarding future events.
The Company does not undertake any obligation to update or release
any revisions to these forward-looking statements to reflect events
or circumstances after the date of this presentation or to reflect
the occurrence of unanticipated events, except as required by
law.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For more information, visit www.blumetric.ca, or please
contact:
SOURCE BluMetric Environmental Inc.