19:40:26 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Global Remote Technologies Ltd
Symbol RGT
Shares Issued 42,071,338
Close 2016-10-05 C$ 0.09
Market Cap C$ 3,786,420
Recent Sedar Documents

ORIGINAL: Global Remote issued cease trade order

2016-10-18 19:52 ET - News Release

Received by email:

File: 2016-10-17 Cease trade press.pdf

                                        355 Burrard Street, Suite 1000
                                          Vancouver, BC V6C 2G8

                        Global Remote Technologies Announces Cease Trade Order

Vancouver, B.C.   {October 17, 2016} Global Remote Technologies Ltd. (the "Company") (CSE:RGT), (Frankfurt
Stock Exchange:GR9) announces that it is currently under a Cease trade Order for its failure to file its Interim
Financial Reports for the period ended July 31, 2016.

The delay in filing the continuous disclosure documents referenced above were caused due to an unforeseen
accounting review that the Company has in place. This exercise has taken more time than anticipated resulting in
a delay in issuing the un-audited financial statements, we are working on having the statements completed and
filled as soon as possible.


About Global Remote Technologies

The Company focuses on the deployment of emerging technologies for the energy sector. The Company
has licensed multiple patent pending tools for the oil and gas industry. Using its advanced engineering and
leadership experience, the Company brings cutting edge processes and technology to the oil patch. Its remote
sensor packages transmit telemetry from drilling and production sites in real time to a central server where it is
viewed in the cloud. The systems are designed to provide key personnel an early warning system to avoid
equipment failures or costly compliance fines. The Company collects and communicates vital information on the
status of equipment, tanks, and pipelines for exploration, production, and transmission of oil, gas and water. In
addition, the Company recently acquired a Helix downhole well simulation tool and related technology. The tool
uses a patent pending design and engineering method to achieve a unique flow pattern for wellbore simulation.
The Company is headquartered in Vancouver, BC, with offices in Denver, Colorado and Houston, Texas.

Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on
the CSE website, www.thecse.com, and on its website, www.grtcse.com.

For further information on the Company, please contact:

Chris Dorris
CEO and Director
Telephone: +1 888.381.3222
Email: info@grtcse.com
Website: www.grtcse.com


Forward-Looking Information: This press release may include forward-looking information within the meaning
of Canadian securities legislation. The forward-looking information is based on certain key expectations and
assumptions made by the management of the Company. Although the Company's management believes that
the expectations and assumptions on which such forward-looking information is based are reasonable, undue
reliance should not be placed on the forward- looking information because the Company cannot provide any
assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press
release and the Company disclaims any intent or obligation to update publicly any forward-looking information,
whether as a result of new information, future events or results or otherwise, other than as required by applicable
securities laws.
 


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