Mr. Bill Mitoulas reports
TURNIUM PROVIDES BI-WEEKLY MCTO STATUS UPDATE
Turnium Technology Group Inc. is providing this biweekly default status report in accordance with National Policy 12-203, Management Cease Trade Orders, with respect to the previously announced management cease trade order (MCTO) issued by the British Columbia Securities Commission, as principal regulator, on Jan. 29, 2025.
On Jan. 29, 2025, the company announced that it was unable to file its annual audited financial statements for the year ended Sept. 30, 2024, the related management's discussion and analysis, and the related chief executive officer and chief financial officer certificates, by the deadline of Jan. 28, 2025. Turnium confirms that it is actively working with its audit team to complete the annual filings, which will be filed as soon as possible.
As previously stated, subject to current conditions remaining the same, the company remains confident in its ability to complete the annual filings before the March 31, 2025, deadline.
The company confirms that since the date of the original announcement: (a) there have been no material changes to the information contained in the original announcement that would reasonably be expected to be material to an investor; (b) there have been no failures by the company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines as set out in np 12-203; (c) there has not been, nor is there anticipated to be, any other specified default subsequent to the default which is the subject of the original announcement; and (d) there is no other material information concerning the affairs of the company that has not been generally disclosed.
Until the company files the annual filings, it will comply with the alternative information guidelines set out under sections 9 and 10 of NP 12-203. The guidelines, among other things, require the company to issue biweekly default status reports, in the form of news releases, for so long as the annual filings have not been filed.
While the MCTO is in effect, the general investing public will continue to be able to trade freely in the company's listed common shares. However, the MCTO will prohibit the company's CEO and CFO from trading securities of the company for so long as the annual filings are not filed.
About Turnium Technology Group Inc.
Turnium Technology acquires companies that complement its technology-as-a-service (TaaS) strategy, integrates them to generate efficiencies and delivers their solutions through a global channel partner program to customers worldwide. The company's mission is to provide information technology providers with a complete, white-labelled portfolio of business technology solutions, enabling them to quickly add new services in response to customer demand.
In essence, Turnium is building a TaaS platform that incorporates all the services, platforms and capabilities that Internet service providers, managed service providers, Internet technology providers, voice over Internet protocol/unified-communications-as-a-service, contact-centre-as-a-service or cloud providers might need. Additionally, Turnium provides deployment resources, hardware, delivery, support, and marketing and sales enablement to help channel partners go to market quickly and deliver exceptional quality.
Turnium delivers secure, cost-effective, uninterrupted and scalable global IT solutions to its channel partners and their end-customers ensuring that "We get it done, right."
We seek Safe Harbor.
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