DataWind Reschedules Fiscal Fourth Quarter 2016 Earnings Call

MISSISSAUGA, Ontario, June 29, 2016 (GLOBE NEWSWIRE) — DataWind, Inc. (TSX:DW), the leader in delivering Internet access to emerging markets, has rescheduled its conference call, earnings release, and year-end filings for the week of July 4, 2016.

The additional time will allow the company’s auditors to complete the required accounting and reporting for the year-end results. To date, there has been nothing noted outside the normal course of business.

The company will issue a press release next week with details regarding when the earnings release will be issued, when the conference call will be held, and when the year-end financials will be filed with SEDAR.

The company intends to comply with the provisions of the alternative information guidelines as set out in the National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults for as long as it remains in default.

Forward-Looking Information
This press release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with our business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements, including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend” and similar expressions to the extent they relate to the Company or its management. The forward- looking statements are not historical facts, but reflect management’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in the Company’s expectations, except as prescribed by applicable securities laws.

No securities regulatory authority has either approved or disapproved the contents of this press release/media advisory.

About DataWind
DataWind, Inc. is a leader in providing affordable mobile Internet connectivity in emerging markets. The company’s patented, cloud-based technology reduces up to 97% the amount of data needed for web browsing, providing a broadband experience on any network — even on legacy 2G networks that are still prevalent in developing countries. DataWind also provides economical smartphones and tablets that come bundled with one year of unlimited Internet access, making it the largest tablet provider in India. DataWind’s unique solution offers broad social and economic benefits for the billions of people around the world for whom an Internet connection was previously out of reach. DataWind is traded on the Toronto Stock Exchange (TSX:DW). For more information visit www.datawind.com.

Company Contact:
Dan Hilton
Chief Financial Officer
DataWind Inc.
+1(613) 277-3266
dan.hilton@datawind.com
Investor Relations:
Michael Koehler
Liolios
+1(949) 574-3860
DW@liolios.com