StartMonday announces delay in Filing Annual Financial Statements
Vancouver, BC, Canada —
AMSTERDAM, NL April 30, 2019 Smart recruitment technology firm StartMonday Technology Corp. (CSE: JOB) (OTC: STMDF) (FRANKFURT: JOB) (the Company or StartMonday) announces, that its annual financial statements for the year ended December 31, 2018, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the Annual Financial Filings) were not filed by the required filing deadline of April 30, 2019 (the Filing Deadline).
The Annual Financial Filings were not filed on or before the Filing Deadline due to the delay in providing documentation requested by the auditors related to the Company's operations in the Netherlands.
The Company is working on the steps required to complete the Annual Financial Filings and expects to be able to file the Annual Financial Filings by May 15, 2019. The Company will provide updates as further information relating to the Annual Financial Filings becomes available.
The Company has applied to the applicable securities regulatory authorities and received a management cease trade order (MCTO) imposed against the Chief Executive Officer and Chief Financial Officer of the Company precluding them from trading securities of the Company. The MCTO will be in effect until the Annual Financial Filings are filed, and requires that the Annual Financial Filings be filed on or before July 2, 2019.
Until the Annual Financial Filings are filed, the Company intends to issue biweekly default status reports in accordance with National Policy 12203 Management Cease Trade Orders. The Company intends to satisfy the provisions of the Alternative Information Guidelines during the period it remains in default of the filing requirements. The Company confirms that there is no other material information relating to its affairs that has not been generally disclosed.
ON BEHALF OF THE BOARD
CEO & Director
About StartMonday (CSE: JOB) (XFRA: JOB) (OTC: STMDF) StartMonday helps employers select better candidates, faster, with the power of 15second video introductions. StartMonday's video-led mobile and web applications deliver a better impression of personality and customer skills, ultimately helping employers decide which candidates they should talk to first making the process much more efficient. The Company is dedicated to building powerful tools for the Mobile Generation and is further developing its technology with an open blockchain solution for sharing career histories called Bizzy (formerly Careerchain). For more information please visit www.startmonday.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release contains forward-looking statements. The Company has provided the forward-looking statements in reliance on assumptions that it believes are reasonable at this time. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approval. The actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.
CAUTIONARY DISCLAIMER STATEMENT:
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Invictus Investor Relations
Toll Free from North America: +1.800.274.8143
Toll free from Germany: +0800.180.6687
Toll Free From UK: + 0.800.014.8387