Vanouver, British Columbia (FSCwire) - Orca Touchscreen Technologies Ltd. (the “Company” or “Orca”) (CSE:OAA), wishes to announce that on February 5, 2015 its common shares were suspended from trading on the Frankfurt Stock Exchange for allegations of improper investor solicitation. Immediately on learning of the trading suspension, the Company responded with a request to Frankfurt Stock Exchange to investigate these allegations. However, in the meantime, on February 6, 2015 the (German) Federal Financial Supervisory Authority (BAFIN) issued a warning of buy recommendations for Orca shares via unsolicited telephone calls (cold calling). In response to the BAFIN warning, on February 6, 2015 Investment Industry Regulatory Organization of Canada (IIROC) imposed a trading halt pending company contact. The Company is not aware of any improper investor solicitation of any kind, including the issuance of buy recommendations for its shares by unsolicited telephone calls, nor has it authorized any improper investor solicitation on its behalf. The Company is corresponding vigorously with both Frankfurt Stock Exchange and BAFIN to provide all information necessary to dismiss the allegations and lift the trading suspension.
About Orca Touchscreen
Orca Touchscreen sells and distributes capacitive touchscreens to manufacturers of smartphones, tablets, laptops, mp3 players, GPS navigation systems, automobile controls, exercise equipment, educational and public information kiosks, point of sale devices, e-readers, medical devices, gaming consoles and other electronic devices. Orca Touchscreen has an exclusive worldwide license to use and sublicense all the technology and patents owned by Sollensys Corp. to make, sell and distribute touchscreen products and services. Sollensys Corp., a Korean corporation, is a global leader in innovative capacitive touch sensor technologies.
The common shares of the Company are quoted for trading on 3 markets: the Canadian Securities Exchange under the trading symbol “OAA”, the Frankfurt Stock Exchange under the trading symbol “6OT”, and on the OTCQB (part of OTC Markets) under the trading symbol “ORTFF”.
To learn more about Orca Touchscreen, visit www.orcatouchscreen.com , and you can view its profile and documents at www.sedar.com and www.thecse.com.
For further information, please contact:
Jong Myung (James) Choi
Chief Financial Officer and a Director
Orca Touchscreen Technologies Ltd.
Telephone: 604.880.0499
Email: info@orcatouchtech.com
None of the CSE, the Frankfurt Stock Exchange and OTC Markets have reviewed, approved or disapproved the contents of this press release.
Forward-Looking Information:
This press release may include ‘forward-looking information’ within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/orca0210215.pdfSource: Orca Touchscreen Technologies Ltd. (CSE:OAA) http://www.orcatouchtech.com/
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