03:37:50 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



American Aires Inc
Symbol WIFI
Shares Issued 150,114,047
Close 2022-05-06 C$ 0.04
Market Cap C$ 6,004,562
Recent Sedar Documents

American Aires aims to file 2021 financials by Sept. 16

2022-08-26 14:04 ET - News Release

Mr. Dimitry Serov reports

AMERICAN AIRES PROVIDES UPDATE ON CEASE TRADE ORDER

Further to its press releases of May 9, 2022, June 23, 2022, and Aug. 2, 2022, American Aires Inc. has experienced delays associated with the completion of its annual audit due to difficulties in obtaining third party shipping data from some of the company's fulfilment centres. The company is pleased to report it has made progress toward bringing its annual audit to conclusion.

The company is working diligently with its auditors to conclude the audit process and, at the earliest possible time, file its audited annual financial statements, management discussion and analysis, and certificates of the chief executive officer and chief financial officer which were due to be filed on May 2, 2022, the interim financial statements, management discussion and analysis, and certificates of the chief executive officer and chief financial officer for the period ended March 31, 2022, which were due to be filed on May 30, 2022, and the interim financial statements, management discussion and analysis, and certificates of the chief executive officer and chief financial officer for the period ended June 30, 2022, which are due to be filed on Aug. 29, 2022.

The company anticipates that the annual continuous disclosure documents will be filed on or about Sept. 16, 2022, and the interim continuous disclosure documents will be filed shortly thereafter.

The Ontario Securities Commission (OSC) issued a failure-to-file cease trade order (CTO) against the company on May 6, 2022, which orders that general trading, whether direct or indirect, of the securities of the company cease. A copy of the CTO has been posted to the OSC website.

Following the filing of the continuous disclosure documents, the company will file a revocation application to revoke the CTO. The company will provide further updates as they become available.

About American Aires Inc.

American Aires is a Canadian-based nanotechnology company which has developed proprietary silicon-based microprocessors that reduce the harmful effects of electromagnetic radiation (EMR). The technology was developed by a team of highly accredited scientists and confirmed by independent third party validation, including peer-reviewed studies and publications in scientific journals. Aires's Lifetune products specifically target EMR emitted by consumer electronic devices such as cellphones, computers, baby monitors, Wi-Fi radiation, including the rapidly expanding next-generation high-speed 5G networks. Aires is listed on the Canadian Securities Exchange under ticker WIFI and on the OTCQB under the symbol AAIRF.

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