LZR Arius3D Corp

Arius3D Corp. ("Arius3D" or the "Company") (TSX VENTURE:LZR) announced today
that, consistent with its announcement of July 18, 2012, the Company did not
file, by the deadline of July 30, 2012, its audited financial statements for the
fiscal year ended March 31, 2012, related management's discussion and analysis
and CEO and CFO certificates related to the foregoing. In addition, the Company
expects that its unaudited financial statements for the first quarter of fiscal
2013 (the quarter ended June 30, 2012), together with the related management's
discussion and analysis and CEO and CFO certificates, will not be filed by the
deadline of August 29, 2012.


As a result, the Company had applied to the Ontario Securities Commission for a
management cease trade order under National Policy 12-203 which would have only
prohibited trading in securities of the Company by certain insiders of the
Company. The Company's application was denied and, accordingly, a temporary
general cease trade order has been issued. The cease trade order prohibits the
trading of the Company's securities effective immediately.


The temporary cease trade order is scheduled to expire 15 days from the date
hereof and may be extended. The Company is reviewing all options, with the goal
of ultimately meeting its continuous disclosure obligations and lifting the
cease trade order. 


ABOUT ARIUS3D CORP.

Classified as an "Information Technology" company, Arius3D is publicly traded
and listed on the TSX Venture Exchange trading under the symbol "LZR". Arius3D
creates imaging solutions that allow organizations to capture and share unique
physical objects in digital form. Arius3D offers 3D imaging systems and services
to a growing 3D image library. The Arius3D technology supports wide ranging
applications in culture and heritage, entertainment, education and product
design with a primary focus of generating image license recurring revenues from
rich media content. Arius3D has its head office located in Mississauga, Ontario.
Visit our website at www.arius3d.com to understand more about the Company.


Forward-Looking Information

This news release contains forward-looking information and forward-looking
statements (collectively "forward looking statements"), within the meaning of
applicable securities laws. Forward looking statements include statements
regarding the Company's goal of meeting its continuous disclosure obligations.
Such forward looking statements are based upon assumptions, and estimates made
by management in light of its experience, current conditions and its
expectations of future developments as well as other factors which it believes
to be reasonable and relevant. Forward looking statements involve known and
unknown risks, uncertainties and other factors that may cause our actual results
or outcomes to differ materially from those expressed or implied in the forward
looking statements and, accordingly, readers should not place undue reliance on
those statements. Risks and uncertainties that may cause actual results to vary
include, but are not limited to, the risk that the Company will be unable to
raise sufficient funds to give effect to its business plan or to carry on its
business and the risks and uncertainties which are more fully described in the
Company's Management's Discussion and Analysis for the 2011 fiscal year and in
other Company filings with securities and regulatory authorities which are
available at www.sedar.com. Should one or more risks and uncertainties
materialize or should any assumptions prove incorrect, then actual results could
vary materially from those expressed or implied in the forward looking
statements and accordingly, readers should not place undue reliance on those
statements. Readers are cautioned that the foregoing lists of risks,
uncertainties, assumptions and other factors are not exhaustive. The forward
looking statements contained in this news release are made as of the date hereof
and the Company undertakes no obligation to update publicly or revise any
forward-looking statements contained herein or in any other documents filed with
securities regulatory authorities, whether as a result of new information,
future events or otherwise, except in accordance with applicable securities
laws.

Arius3D Corp (TSXV:LZR)
Historical Stock Chart
From Aug 2024 to Sep 2024

Arius3D Corp (TSXV:LZR)
Historical Stock Chart
From Sep 2023 to Sep 2024