ITMZF - Intema postpones filing of its financial statements and MD&A for the year 2019 and the first quarter of 2020 due to COVID-19 related-delays

MONTREAL, May 04, 2020 (GLOBE NEWSWIRE) -- Intema Solutions Inc. (“Intema” or the “Corporation”) (TSXV: ITM, OTCMKTS: ITMZF), maker of eFlyerMaker.com, an email platform with extensive compliance and content creation suites, has postponed the filing of its financial statements and management's discussion and analysis (“MD&A”) for the year ended December 31, 2019 and for the first quarter of 2020, due to logistics and delays caused by the COVID-19 pandemic.

The Corporation is relying upon temporary relief granted by Canadian securities regulators, allowing reporting issuers to extend certain continuous disclosure filing deadlines occurring during the period between March 23, 2020 to June 1, 2020 by 45 days. The Corporation now expects to file its audited annual financial statements and accompanying MD&A on or before June 15, 2020.

In addition, the Corporation also intends to rely on the 45-day extension in filing its quarterly financial statements and MD&A for the period ended March 31, 2020. Intema now expects to file its first quarter financial statements and accompanying MD&A on or before June 30, 2020.

Management and directors of the Corporation are subject to an insider trading blackout policy until the delayed filings are completed, reflecting the principles in section 9 of National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.

Intema confirms that there have been no significant events, other than those previously disclosed by the Corporation and the following update on the Publipage transaction, affecting its business since the filing of its last interim financial statements and MD&A, filed on November 29, 2019.

Update on the Publipage transaction
Due to the extraordinary circumstances surrounding COVID-19, the Corporation is currently renegotiating its transaction to acquire Publipage, Inc. announced on February 20, 2020. The Corporation will provide updates of any changes to the transaction terms.

About Intema Solutions Inc.
Intema’s mission is to be the world’s premier digital marketing platform. The Corporation has been simplifying and optimizing the online marketing activities of medium and large companies through innovative technologies and cutting-edge expertise for over 20 years. A Canadian leader in permission-based email marketing, Intema provides a wide range of products and services, including SMS, content and predictive AI marketing, as well as related professional services. For more information, please visit our corporate website at intema.com.

Forward-looking statements
This press release may contain “forward-looking statements”. All statements in this press release other than statements of historical facts, including, without limitation, those regarding the projected financial performance of the Corporation; expected development of the Corporation’s business and projects; execution of the Corporation’s vision and growth strategy; sources and availability of financing for the Corporation’s projects; renewal of the Corporation’s current customer, supplier and other material agreements; and future liquidity, working capital and capital requirements are forward-looking statements. Although the forward-looking statements in this press release are based upon what management of the Corporation believes are reasonable assumptions, there can be no assurance that they will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Corporation undertakes no obligation to update forward-looking statements except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

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