VANCOUVER, BC, Dec. 7, 2022 - HapbeeTechnologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) ("Hapbee" or the"Company"), announces a delay with regard to the filing of itsQ3 financial statements for the period ended September 30, 2022 and the relatedmanagement's discussion and analysis and certifications (collectively, the"Filings") by the filing deadline of November 29, 2022. As aresult, a Failure-to-File Cease Trade Order (the “FFCTO”) has been issued against the Company, at the request of theBritish Columbia Securities Commission (“BCSC”), the Investment Industry Regulatory Organization of Canada (“IIROC”) issued a suspensionfrom trading for the Company on December 6, 2022.
Before the FFCTO can be lifted, Hapbee must complete a ReinstatementApplication and the Filings and submit them to the TSX Venture Exchange forreview. With the Filings currently being finalized by Hapbee’s management and board of directors,the Company anticipates completing the aforementioned documentation by the endof this week.
A copy of the FFCTO has been made available for review on theCanadian Securities Administrators’website. The Company expects the FFCTO to remain inplace until such time as the Filings have been filed and the FFCTO isrevoked.
Hapbee confirms that its business has not changed, and there are nochanges to its current business plans. The Company would like to thank the TSXVenture Exchange for its assistance in this matter.
Hapbee is a digital wellness technology company that aims to helppeople take control of how they sleep, perform and feel. Hapbee's digitalwellness library of Blends and Routines utilizes patented ultra-low radiofrequency energy (ulRFE®), designed to help optimize users' sleep,productivity, recovery, and downtime. Hapbee devices and subscriptions areavailable for purchase at Hapbee.com and through a growing network of select distributors.
You can learn more about how Hapbee works at www.hapbee.com/science.
Certain statementsincluded in this news release constitute forward-looking information orstatements (collectively, "forward-looking statements"),including those identified by the expressions "anticipate","believe", "plan", "estimate","expect", "intend", "may", "should" andsimilar expressions to the extent they relate to the Company or its management.The forward-looking statements are not historical facts but reflect currentexpectations regarding future results or events. This news release containsforward-looking statements. These forward-looking statements are based oncurrent expectations and various estimates, factors and assumptions and involveknown and unknown risks, uncertainties and other factors. Any statementspertaining to the anticipated filing date for the Filings, as well asstatements pertaining the expected timeline for the halt to be lifted areforward-looking statements. Forward-looking statements are not guarantees offuture performance and involve risks, uncertainties and assumptions which aredifficult to predict. Such statements and information are based on numerousassumptions regarding the Company's ability and intended timing to complete itsFilings.
Forward-lookingstatements contained in this news release are expressly qualified by thiscautionary statement, and are subject to various risks, uncertainties andassumptions which include, but are not limited to, those described in Hapbee’sannual information form dated May 2, 2022, as well as those described inHapbee’s other disclosure documents, copies of which are available on SEDAR at www.sedar.com, and could cause actual events or results todiffer materially from those projected in any forward-looking statements. Thesestatements should not be read as guarantees of future performance or results.Such statements involve known and unknown risks, uncertainties and otherfactors that may cause actual results, performance or achievements to bematerially different from those implied by such statements. The Company assumesno responsibility to update or revise forward-looking information to reflectnew events or circumstances unless required by law. Readers should not placeundue reliance on the Company's forward-looking statements.
NeitherTSXV nor its Regulation Services Provider (as that term is defined in thepolicies of the TSXV) accepts responsibility for the adequacy or accuracy ofthis release.
For further information please contact:
Yona Shtern, President