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Newnote Financial discontinues Cointrader.net exchange 2016-03-29 09:35 ET - News Release Mr. Paul Dickson reports NEWNOTE FINANCIAL CORPORATE UPDATE Newnote Financial Corp. would like to provide an update of the status of matters regarding the company. The company has been working to satisfy the auditor by providing the required information it requested of which it has in its possession. Although it has been a lengthy process, the due diligence conducted by the auditors has been thorough and a completion date will be determined imminently. In addition, the company has discontinued the Cointrader.net Bitcoin Exchange effective immediately. Rising maintenance costs and lower trading volume attributed to an increase in competitors within the Canadian market space have been factors in its closure. Users of Cointrader.net with balances remaining are being settled and accounts closed. President and chief executive officer Paul Dickson states: "We're looking forward to completing our annual audit and moving forward with our strategy to deliver on our plans to create a profitable company. We have yet to realize the full potential of the services in development and products ready for market. I am confident we'll be better positioned to restore market value post audit and beyond