Mr. John Eagleton reports
INTELLABRIDGE UPDATES STATUS OF
FILING ANNUAL FINANCIAL STATEMENTS
Intellabridge Technology Corp.'s news release of June 15, 2020, the company's principal regulator, the B.C. Securities Commission, granted a management cease trade order (MCTO) on June 16, 2020, under National Policy 12-203 (Management Cease Trade Orders).
Pursuant to the MCTO, the chief executive officer and the chief financial officer may not trade in securities of the company until such time as the company files its annual audited financial statements for the year ended Dec. 31, 2019, the related management's discussion and analysis, and the related certifications, and the commission revokes the MCTO. The MCTO does not affect the ability of shareholders to trade their securities.
The company's board of directors and management confirm that they are working expeditiously to file the required documents and confirm that since the company's press release dated June 15, 2020, there is no other material information respecting the company's affairs that has not been generally disclosed.
Until the required documents have been filed, the company intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing biweekly default status reports in the form of further press releases for so long as the company remains in default of the financial statement filing requirement.
About Intellabridge Technology Corp.
Intellabridge is a technology company developing blockchain and artificial intelligence solutions for a variety of sectors, including self-sovereign identity, voting, supply chain management, health care, gaming and advertising.
We seek Safe Harbor.
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