TORONTO and DUREN, Germany, May 1, 2023
/CNW/ - GBLT Corp. (TSXV: GBLT) ("GBLT" or the
"Company") announces that the filing of its audited
consolidated financial statements for the year ended December 31, 2022, annual management's discussion
and analysis for the same period, and management certificates of
annual filings (collectively, the "Annual Filings") will not
be completed by today's filing deadline of May 1, 2023.
The delay in completion of the Annual Filings is a result of the
additional time required to complete audit procedures in respect of
Gebäude Technologie Center GmbH ( GETEC Solar Solutions), an
engineering company in which the Company acquired a majority stake
in early 2022.
The Company is working expeditiously with its auditors, Dale
Matheson Carr-Hilton Labonte LLP, to ensure completion of the audit
and filing of the Annual Filings as soon as possible. The Company
anticipates that it will complete the Annual Filings on or before
May 5, 2023, and will provide an
update should there be any changes in the estimated timeframe for
filing.
The Company confirms that there is no other material information
concerning the affairs of the Company that has not been generally
disclosed as of the date of this press release.
About GBLT:
GBLT Corp., through its operating company, GBT GmbH, designs,
manufactures and supplies mobile storage, and battery solutions.
GBLT is also a leading provider of renewable energy solutions via
its solar division, participating in the rapidly growing solar
energy market. In addition, the Company offers consumer healthcare
and wellness products to some of the largest retail chains across
the globe. GBT is also an official licensee for AGFAPHOTO mobile
energy products. The Company's branded healthcare and wellbeing
products are primarily sold throughout Europe under Dr. Senst brand.
For more information, please visit www.gbt-international.com and
www.gbltcorp.com.
Forward-Looking Information
Certain statements in this news release, which are not
historical in nature, constitute "forward looking statements"
within the meaning of that phrase under applicable Canadian
securities law. These statements include, but are not limited to,
statements or information concerning the Company's Annual Filings.
These statements reflect management's current assumptions and
expectations and by their nature are subject to certain underlying
assumptions, known and unknown risks and uncertainties and other
factors which may cause actual results, performance or events to be
materially different from those expressed or implied by such
forward looking statements. Except as required pursuant to
applicable securities laws, the Company will not update these
forward-looking statements to reflect events or circumstances after
the date hereof. More detailed information about potential factors
that could affect financial results is included in the documents
filed from time to time with the Canadian securities regulatory
authorities by the Company. Readers are cautioned not to place
undue reliance on forward looking statements.
Neither the TSX Venture Exchange nor its Regulation
Services Provide (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE GBLT Corp.