TORONTO, ONTARIO--(Marketwire - Sept. 11, 2012) - Arius3D Corp. ("Arius3D" or the "Company") (TSX VENTURE:LZR) announced today that it continues to pursue financing and other strategic alternatives in order to enable the Company to meet its business objectives, including the filing of its annual financial statements, management's discussion and analysis and related officer certifications for the financial year ended on March 31, 2012 and for the fiscal quarter ended June 30, 2012 (collectively, the "Filings").
As a result of the failure by the Company to meet its continuous disclosure obligations, the Ontario Securities Commission, together with the securities regulatory authority in British Columbia, issued permanent cease trade orders under National Policy 12-203 (the "CTOs"). The CTOs prohibit the trading of the Company's securities, and may be revoked on application to such regulatory authorities subject to certain conditions. The Company is working to become fully compliant with its continuous disclosure obligations and thereby have the CTOs lifted; however, it can provide no assurance as to when it will be able to prepare and file the Filings.
ABOUT ARIUS3D CORP.
Classified as an "Information Technology" company, Arius3D is listed on the TSX Venture Exchange trading under the symbol "LZR". Arius3D creates imaging solutions that allow organizations to capture and share unique physical objects in digital form. Arius3D offers 3D imaging systems and services to a growing 3D image library. The Arius3D technology supports wide ranging applications in culture and heritage, entertainment, education and product design with a primary focus of generating image license recurring revenues from rich media content. Arius3D has its head office located in Mississauga, Ontario. Visit our website at http://www.arius3d.com to understand more about the Company.
This news release contains forward-looking information and forward-looking statements (collectively "forward looking statements"), within the meaning of applicable securities laws. Such forward looking statements, including statements regarding the ability of the Company to prepare and file its Filings, are based upon assumptions, and estimates made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results or outcomes to differ materially from those expressed or implied in the forward looking statements and, accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that may cause actual results to vary include, but are not limited to, the failure of the Company to raise sufficient funds to enable it to complete the Filings and the other risks and uncertainties which are more fully described in the Company's Management's Discussion and Analysis for the 2011 fiscal year and in other Company filings with securities and regulatory authorities which are available at www.sedar.com. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual results could vary materially from those expressed or implied in the forward looking statements and accordingly, readers should not place undue reliance on those statements. Readers are cautioned that the foregoing lists of risks, uncertainties, assumptions and other factors are not exhaustive. The forward looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements contained herein or in any other documents filed with securities regulatory authorities, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.