Stockwatch

World Organics Inc
Symbol	WOI
Shares Issued	20,441,665
Recent Sedar Documents

World Organics has no material changes

2014-09-02 16:59 ET - News Release

Organics Inc. Subject: World Organics - News Release - Immediate Dissemination Attention: Duty Editor Good afternoon! Attached for immediate dissemination is a news release regarding World Organics' thirty-third default status report per NP 12-203. The attached document is in Word 2003 format and, just in case, a copy of the text has been cut and pasted below. Should you have any questions, please do not hesitate to contact the writer directly at (604) 551-1086. We trust you had an enjoyable Labour Day weekend. Thank you. Regards, B. Godby On behalf of World Organics Inc. E&OE ---Text of News Release below dotted line-------------------- WORLD ORGANICS PROVIDES ITS THIRTY-THIRD DEFAULT STATUS REPORT THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Date: September 2, 2014 Trading Symbol: WOI.H World Organics Inc. (the "Company" or "World Organics") (TSX Venture Exchange: WOI.H) provides its thirty-third Default Status Report under National Policy 12-203 � Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). On April 16, 2013, the Company announced that it would not be able to file its audited annual financial statements, the annual management's discussion & analysis and the related CEO and CFO certifications for the fiscal year ended December 31, 2012 (the "2012 Annual Filings") within the prescribed filing deadline of April 30, 2013. Subsequent to that date, the Company announced on May 15, 2013, August 21, 2013 and November 14, 2013 that the filing of the interim financial statements, the interim management's discussion and analysis and the related CEO and CFO certifications of filings for the three months ended March 31, 2013 (the "Interim Filings"), June 30, 2013 (the "Q2 Filings") and September 30, 2013 (the "Q3 Filings") would be delayed beyond the prescribed filing deadlines of May 30, 2013, August 29, 2013, and November 29, 2013 respectively. Furthermore, the Company announced on April 16, 2014 that it would not be not be filing its audited annual financial statements, the annual management's discussion & analysis and the related CEO and CFO certifications for the fiscal year ended December 31, 2013 (the "2013 Annual Filings") within the prescribed filing deadline of April 30, 2014; and on June 3, 2014, the Company regrettably announced that it was unable to file the interim financial statements, the interim management's discussion and analysis and the related CEO and CFO certifications of filings for the three months ended March 31, 2014 within the prescribed filing deadline of May 30, 2014 and then on August 19, 2014, the Company announced that it was unable to file the interim financial statements, the interim management's discussion and analysis and the related CEO and CFO certifications of filings for the three months ended June 30, 2014 within the prescribed filing deadline of August 29, 2014 (collectively, the "Required Filings"). In accordance with NP 12-203, the Company applied for a management cease trade order (the "MCTO") and on May 1, 2013, the British Columbia Securities Commission (the "BCSC") issued a MCTO against the Chief Executive Officer and the Chief Financial Officer of the Company. Then on July 3, 2013, due to the prolonged delay in filing of the 2012 Annual Filings followed by the filing delay of the Interim Filings, the BCSC issued a Cease Trade Order (the "BC Order") in respect of all of the Company's shares. Only a beneficial shareholder of the Company (who is not, and was not, at the date of the cease trade order of July 3, 2013, an insider or control person of the Company) may sell securities of the Company acquired before the date of the BC Order if: 1) the sale is made through a market outside Canada, and, 2) the sale is made through an investment dealer registered in British Columbia. As previously announced, the Alberta Securities Commission (the "ASC") issued a cease trade order (the "AB Order") against the Company on October 8, 2013 for its failure to file the 2012 Annual Filings, the Interim Filings and the Q2 Filings. Under section 33.1 of the Securities Act (Alberta), the Company is ordered to cease trading or purchasing in respect of any security until the AB Order has been revoked or varied. As previously announced, the TSX Venture Exchange (the "Exchange") suspended the shares of World Organics from trading effective at the opening on July 4, 2013. The Company's shares will be reinstated for trading only after the BC Order and AB Order are revoked and a reinstatement application has been submitted and approved by the Exchange. After its reinstatement review, if the Exchange is satisfied that the Company has complied with all its listing requirements and if it is in the interest of the investing public, the shares will be reinstated to trading. As previously announced, the Company has turned to alternative methods of raising funds including mostly loans from related parties, shareholders and other interested parties (see World Organics' News Releases of August 7, 2013, August 21, 2013, September 4, 2013, September 19, 2013, October 3, 2013, October 16, 2013, October 30, 2013, November 14, 2013, November 28, 2013, December 11, 2013, December 30, 2013, January 9, 2014, January 23, 2014, February 6, 2014, February 20, 2014, March 6, 2014, March 26, 2014, April 16, 2014, May 1, 2014, June 3, 2014, June 17, 2014, July 7, 2014, July 21, 2014, August 5, 2014 and August 19, 2014). As reported then and now, the Company continues to work with a few select groups and will continue to do so until receipt of the necessary funds to employ the auditors and complete the 2012 Annual Filings as well as the 2013 Annual Filings. After which, the Company anticipates it will be in a better position to provide a definitive date for when it may be able to file the Required Filings. There are a number of reasons the Company has been unable to prepare and file its 2012 and 2013 Annual Filings and until these filings and all the Required Filings are filed, the Company intends to satisfy the provisions of the Alternative Information Guidelines specified by NP 12-203 by issuing bi-weekly default status reports in the form of news releases, which will also be filed on SEDAR. The Company intends to file its next default status report on or around September 15, 2014. The Company reports that, except as described herein and since the issuance of the original default announcement on April 16, 2013 and the subsequent thirty-two default status reports of May 1, 2013, May 15, 2013, May 29, 2013, June 12, 2013, June 26, 2013, July 10, 2013, July 24, 2013, August 7, 2013, August 21, 2013, September 4, 2013, September 19, 2013, October 3, 2013, October 16, 2013, October 30, 2013, November 14, 2013, November 28, 2013, December 11, 2013, December 30, 2013, January 9, 2014, January 23, 2014, February 6, 2014, February 20, 2014, March 6, 2014, March 26, 2014, April 16, 2014, May 1, 2014, June 3, 2014, June 17, 2014, July 7, 2014, July 21, 2014, August 5, 2014 and August 19, 2014 (collectively, the "Default Status Reports"), there have not been any additional material changes to the information contained therein. Further, the Company has not failed to fulfill its intentions as stated therein with respect to satisfying the provisions of the Alternative Information Guidelines specified by NP 12-203; and, except as disclosed in this news release, there are no additional defaults or anticipated defaults in respect of the Company and its affairs that have not been generally disclosed (see World Organics' News Releases of June 19, 2013, July 16, 2013, April 1, 2014 and June 3, 2014). About World Organics Inc. World Organics is an inactive company focused on the identification of potential revenue generating business opportunities. The Company is listed on the NEX board of the TSX Venture Exchange under the symbol WOI.H. Additional information about World Organics is available under the Company�s SEDAR profile at www.sedar.com. ON BEHALF OF THE BOARD "Nicholas D'Alessandro" Nicholas D'Alessandro President and Director WORLD ORGANICS INC. E&OE Forward-Looking Statements: This news release contains forward-looking statements concerning World Organics Inc. including the filing of its Annual Financial Filings. These statements include all matters that are expectations concerning, among other things, the Company�s ability to meet its continuous disclosure obligations and the likelihood of the Company to rectify its default under Canadian Securities laws and/or reactivate to trade on the TSX Venture Exchange. Forward-looking statements are based on assumptions and involve substantial known and unknown risks and uncertainties, which are beyond the Company�s control and not limited to the impact of general economic conditions. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such forward looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this news release Should new information, future events or otherwise become available, which might be deemed material, updates will be provided by the Company via the newswire services and filing on SEDAR. Neither the 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. File: WOI_NR_33rd _DSR_Sep 2 2014e-sig.doc WORLD ORGANICS PROVIDES ITS THIRTY-THIRD DEFAULT STATUS REPORT THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Date: September 2, 2014 Trading Symbol: WOI.H World Organics Inc. (the "Company" or "World Organics") (TSX Venture Exchange: WOI.H) provides its thirty-third Default Status Report under National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). On April 16, 2013, the Company announced that it would not be able to file its audited annual financial statements, the annual management's discussion & analysis and the related CEO and CFO certifications for the fiscal year ended December 31, 2012 (the "2012 Annual Filings") within the prescribed filing deadline of April 30, 2013. Subsequent to that date, the Company announced on May 15, 2013, August 21, 2013 and November 14, 2013 that the filing of the interim financial statements, the interim management's discussion and analysis and the related CEO and CFO certifications of filings for the three months ended March 31, 2013 (the "Interim Filings"), June 30, 2013 (the "Q2 Filings") and September 30, 2013 (the "Q3 Filings") would be delayed beyond the prescribed filing deadlines of May 30, 2013, August 29, 2013, and November 29, 2013 respectively. Furthermore, the Company announced on April 16, 2014 that it would not be not be filing its audited annual financial statements, the annual management's discussion & analysis and the related CEO and CFO certifications for the fiscal year ended December 31, 2013 (the "2013 Annual Filings") within the prescribed filing deadline of April 30, 2014; and on June 3, 2014, the Company regrettably announced that it was unable to file the interim financial statements, the interim management's discussion and analysis and the related CEO and CFO certifications of filings for the three months ended March 31, 2014 within the prescribed filing deadline of May 30, 2014 and then on August 19, 2014, the Company announced that it was unable to file the interim financial statements, the interim management's discussion and analysis and the related CEO and CFO certifications of filings for the three months ended June 30, 2014 within the prescribed filing deadline of August 29, 2014 (collectively, the "Required Filings"). In accordance with NP 12-203, the Company applied for a management cease trade order (the "MCTO") and on May 1, 2013, the British Columbia Securities Commission (the "BCSC") issued a MCTO against the Chief Executive Officer and the Chief Financial Officer of the Company. Then on July 3, 2013, due to the prolonged delay in filing of the 2012 Annual Filings followed by the filing delay of the Interim Filings, the BCSC issued a Cease Trade Order (the "BC Order") in respect of all of the Company's shares. Only a beneficial shareholder of the Company (who is not, and was not, at the date of the cease trade order of July 3, 2013, an insider or control person of the Company) may sell securities of the Company acquired before the date of the BC Order if: 1) the sale is made through a market outside Canada, and, 2) the sale is made through an investment dealer registered in British Columbia. As previously announced, the Alberta Securities Commission (the "ASC") issued a cease trade order (the "AB Order") against the Company on October 8, 2013 for its failure to file the 2012 Annual Filings, the Interim Filings and the Q2 Filings. Under section 33.1 of the Securities Act (Alberta), the Company is ordered to cease trading or purchasing in respect of any security until the AB Order has been revoked or varied. As previously announced, the TSX Venture Exchange (the "Exchange") suspended the shares of World Organics from trading effective at the opening on July 4, 2013. The Company's shares will be reinstated for trading only after the BC Order and AB Order are revoked and a reinstatement application has been submitted and approved by the Exchange. After its reinstatement review, if the Exchange is satisfied that the Company has complied with all its listing requirements and if it is in the interest of the investing public, the shares will be reinstated to trading. As previously announced, the Company has turned to alternative methods of raising funds including mostly loans from related parties, shareholders and other interested parties (see World Organics' News Releases of August 7, 2013, August 21, 2013, September 4, 2013, September 19, 2013, October 3, 2013, October 16, 2013, October 30, 2013, November 14, 2013, November 28, 2013, December 11, 2013, December 30, 2013, January 9, 2014, January 23, 2014, February 6, 2014, February 20, 2014, March 6, 2014, March 26, 2014, April 16, 2014, May 1, 2014, June 3, 2014, June 17, 2014, July 7, 2014, July 21, 2014, August 5, 2014 and August 19, 2014). As reported then and now, the Company continues to work with a few select groups and will continue to do so until receipt of the necessary funds to employ the auditors and complete the 2012 Annual Filings as well as the 2013 Annual Filings. After which, the Company anticipates it will be in a better position to provide a definitive date for when it may be able to file the Required Filings. There are a number of reasons the Company has been unable to prepare and file its 2012 and 2013 Annual Filings and until these filings and all the Required Filings are filed, the Company intends to satisfy the provisions of the Alternative Information Guidelines specified by NP 12-203 by issuing bi-weekly default status reports in the form of news releases, which will also be filed on SEDAR. The Company intends to file its next default status report on or around September 15, 2014. The Company reports that, except as described herein and since the issuance of the original default announcement on April 16, 2013 and the subsequent thirty-two default status reports of May 1, 2013, May 15, 2013, May 29, 2013, June 12, 2013, June 26, 2013, July 10, 2013, July 24, 2013, August 7, 2013, August 21, 2013, September 4, 2013, September 19, 2013, October 3, 2013, October 16, 2013, October 30, 2013, November 14, 2013, November 28, 2013, December 11, 2013, December 30, 2013, January 9, 2014, January 23, 2014, February 6, 2014, February 20, 2014, March 6, 2014, March 26, 2014, April 16, 2014, May 1, 2014, June 3, 2014, June 17, 2014, July 7, 2014, July 21, 2014, August 5, 2014 and August 19, 2014 (collectively, the "Default Status Reports"), there have not been any additional material changes to the information contained therein. Further, the Company has not failed to fulfill its intentions as stated therein with respect to satisfying the provisions of the Alternative Information Guidelines specified by NP 12-203; and, except as disclosed in this news release, there are no additional defaults or anticipated defaults in respect of the Company and its affairs that have not been generally disclosed (see World Organics' News Releases of June 19, 2013, July 16, 2013, April 1, 2014 and June 3, 2014). About World Organics Inc. World Organics is an inactive company focused on the identification of potential revenue generating business opportunities. The Company is listed on the NEX board of the TSX Venture Exchange under the symbol WOI.H. Additional information about World Organics is available under the Company's SEDAR profile at www.sedar.com. ON BEHALF OF THE BOARD "Nicholas D'Alessandro" Nicholas D'Alessandro President and Director WORLD ORGANICS INC. E&OE *Please Refer to Cautionary Note on Forward-Looking Statements (page 3). Forward-Looking Statements: This news release contains forward-looking statements concerning World Organics Inc. including the filing of its Annual Financial Filings. These statements include all matters that are expectations concerning, among other things, the Company's ability to meet its continuous disclosure obligations and the likelihood of the Company to rectify its default under Canadian Securities laws and/or reactivate to trade on the TSX Venture Exchange. Forward-looking statements are based on assumptions and involve substantial known and unknown risks and uncertainties, which are beyond the Company's control and not limited to the impact of general economic conditions. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such forward looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this news release Should new information, future events or otherwise become available, which might be deemed material, updates will be provided by the Company via the newswire services and filing on SEDAR. Neither the 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.