iPerceptions Inc. Announces Management Cease Trade Order
MONTREAL--(Marketwire - August 30, 2007) - iPerceptions Inc. (TSX VENTURE: IPE) announced today that, due to a delay in filing its 2nd Quarter 2007 financial statements, the Autorités des marchés financiers (Quebec) has issued a temporary order that prohibits, effective August 30, 2007, trading by directors, officers and certain employees in the securities of the Company, the names of which appear as Appendix A to the Notice of Default filed on SEDAR today.
iPerceptions will provide bi-weekly updates on its business as required by the Autorités des marchés financiers in accordance with the conditions under which the Management Cease Trade Orders was issued. iPerceptions will continue to provide updates until it is current with its filing obligations under the applicable securities laws.
The Autorités des marchés financiers (Quebec) or other regulating authorities in jurisdictions in which the Company is a reporting issuer may impose an Issuer Cease Trade Order instead of a Management Cease Trade Order if the 2nd Quarter 2007 interim financial statements of the Company are not filed by October 29, 2007. Also, an Issuer Cease Trade Order may be imposed sooner if the Company fails to file the required Default Status Reports as per the applicable regulation.
About iPerceptions
iPerceptions is one of North-America's leading web-focused attitudinal analytics providers. Its webValidator Continuous Listening solution and its Proprietary Satisfaction Index (iPSI), turn thousands of data points into easy-to-understand strategic and tactical decision support for website marketers. iPerceptions' clients include such well known brands as InterContinental Hotels, General Motors, Dell Computers, Hyundai, CompUSA, LG Electronics, Toshiba, Choice Hotels International, BMW and Hilton Hotels. iPerceptions has offices in New York, Toronto and Montreal.
The TSX Venture Exchange does not assume any responsibility as for the relevance or exactitude of this press release.
Media Information
Jonathan Levitt
Vice-President Marketing
iPerceptions Inc.
Tel: 514-488-3600
Fax: 514-484-2600
Investor Information
Jerry Tarasofsky
President and Chief Executive Officer
iPerceptions Inc.
Tel: 514-488-3600
Fax: 514-484-2600
Martin Faucher
Chief Financial Officer
iPerceptions Inc.
Tel: 514-488-3600
Fax: 514-484-2600
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