ScreenPro Security Inc. (CSE: SCRN) ("ScreenPro" or the "Company") wishes to update shareholders on inquiries that the Company has received on consolidation of the issued and outstanding common shares of the Company (the "Common Shares").
As voted on at the last Annual General and Special Meeting (the "Meeting") of shareholders, a special resolution was approved on a consolidation of the Company's Common Shares up to one (1) new share for fifteen (15) old shares. At this point in time, the Company does not intend to proceed with the share consolidation of the Company.
The Company also wishes announce that it has decided not to proceed on any further bidding with the UK's National Health Service (NHS) with Enoura Medical in the United Kingdom (UK). ScreenPro will be focusing on its operations in Canada as a deep and narrow strategy.
Lena Kozovski, CEO of ScreenPro Security, commented, "As CEO of the Company, I am committed to create shareholder value and earn the support of our customers, our valued shareholders, and employees in the regions in which we operate. ScreenPro is a young company with excellent prospects ahead, and you have my commitment to provide responsible management, our obligation to our shareholders, and our responsibility to build a strong, valuable and sustainable business."
ScreenPro is a Screening and Medical Technology company that provides turnkey screening solutions with its proprietary medical alerting software. ScreenPro's unique access to multiple manufacturers of high-quality test kits and its strategic partnership with labs in British Columbia, Ontario and Quebec allowing ScreenPro to be a full-service nationwide provider of COVID testing solutions across Canada. In addition, ScreenPro has its own medical doctor and nursing professionals along with on the ground support staff and transportation, as access to high quality PPEs to ensure that its clients are protected in all aspects of their testing needs. ScreenPro provides alerting software through its secure GoStop application that enables individuals to use the app for test screening results as well as provides automated identification codes for our laboratories and analytics to our clients on their testing cadence. For additional information on ScreenPro and other corporate information, please visit the Company's website at www.screenprosecurity.com.
For more information about the Company, please refer to the Company's profile on SEDAR at www.sedar.com.
Neither the Canadian Securities Exchange (the "CSE") nor it's Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
Jamie Hyland, Director
P. (604) 442-2425
Certain statements contained in this news release may constitute forward‐looking information, including statements relating to expectations regarding the future development of ScreenPro's business. Forward‐looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The actual results of ScreenPro could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which ScreenPro operates, prevailing economic conditions, changes to ScreenPro's strategic growth plans, and other factors, many of which are beyond the control of ScreenPro. Management of ScreenPro believes that the expectations reflected in the forward‐looking information herein are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents ScreenPro's expectations as of the date hereof and is subject to change after such date. ScreenPro disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101200