MD&A Corrections ISee3D Announces Corrections to Interim Financial Statements
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2012) - ISee3D Inc. (TSX VENTURE:ICT) (the "Company") wishes to announce that its interim financial statements and accompanying MD&A for the period ending March 31, 2012 filed on SEDAR on May 30, 2012 (the "Financial Statements") contain incorrect note disclosure regarding a proposed reverse takeover (the "RTO") involving Active Witness Technologies Corporation ("Active Witness").
While the Company has entered into an agreement with Active Witness, the proposed RTO is currently being reviewed by the TSX Venture Exchange and, as such, all terms of the transaction are subject to amendment and revision including termination of the RTO itself.
As such, investors and shareholders are cautioned that they should not rely on any of the note disclosure regarding the acquisition of Active Witness in the Financial Statements. A news release regarding the RTO will be issued in due course once all regulatory issues have been settled. The Company will also be refiling its interim financial statements and MD&A shortly with correct note disclosure.