Plaintree Systems Inc. files for Form 20-F Extension
01 Octobre 2009 - 10:30PM
Business Wire
Plaintree Systems Inc. (OTC BB: PTEEF, CNSX: NPT), today
announced that it has filed a notification of late filing on Form
12b-25 with the Securities and Exchange Commission with respect to
its Form 20-F for the year ended March 31, 2009. As provided in the
SEC rules, the effect of this filing will be to extend the filing
due date for the Form 20-F from September 30, 2009 to October 15,
2009. A copy of Plaintree’s Form 12b-25, which sets out in greater
detail the reasons for the delay, is available on the SEC’s website
at www.sec.gov.
About Plaintree
Systems
Plaintree has two diversified product lines consisting of
Specialty Structures and Electronics.
The Specialty Structures Division formally the Triodetic Group,
with over 40 years of experience, is a design/build manufacturer of
steel, aluminum and stainless steel specialty structures such as
commercial domes, free form structures, barrel vaults, space frames
and industrial dome coverings.
The Electronics Division includes legacy the Hypernetics and
Plaintree free space optics businesses Hypernetics was established
in 1972 and was a manufacturer of avionic components for various
applications including aircraft antiskid braking, aircraft
instrument indicators, solenoids, high purity valves and permanent
magnet alternators.
During fiscal 2009, Plaintree completed the listing of its
common shares on the Canada National Stock Exchange (CNSX)
(formerly the Canadian Trading and Quotation System Inc. (CNQ)), to
again giving the Company’s shareholders a Canadian market on which
to trade their shares. Plaintree’s shares are traded under the
symbol “NPT”. Shareholders and Investors can access Company
information on CNSX’s website and receive full Company disclosure
monthly. For more information on Plaintree or to receive stock
quotes, complete with trading summaries, bid size and ask price,
brokerage house participation, insider reports, news releases,
disclosure information, and CNSX and SEDAR filings, visit the CNSX
website at www.cnsx.ca or the Company’s website at
www.plaintree.com. Plaintree is pleased to again be trading on a
Canadian exchange and I would encourage shareholders to use the
CNSX for trading purposes.” added David Watson, CEO and
President.
Plaintree is publicly traded in Canada on the CNSX (NPT) and in
the U.S. on the OTC BB (PTEEF), with 12,925,253 common shares and
18,325 class A preferred shares outstanding.
This press release may include statements that are
forward-looking and based on current expectations. The actual
results of the company may differ materially from current
expectations. The business of the company is subject to many risks
and uncertainties, including changes in markets for the company’s
products, delays in product development and introduction to
manufacturing and intense competition. For a more detailed
discussion of the risks and uncertainties related to the company’s
business, please refer to documents filed by the company with the
U.S. Securities and Exchange Commission and Canadian regulatory
authorities, including the Company’s Form 20-f dated September 26,
2008 and the annual report of the Company for the fiscal year ended
March 31, 2009 and related management discussion and analysis.
Canadian National Stock Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of the content
of this news release.
Plaintree Systems (CSE:NPT)
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