Clear Blue Technologies International to Report 2023 Annual Financial Results and Host Conference Call on Wednesday, May 29, 2024

Company provides update on Issuance of Management Cease Trade Order by the BCSC

TORONTO, May 16, 2024 (GLOBE NEWSWIRE) -- Clear Blue Technologies International Inc. (TSXV: CBLU) (FRANKFURT: OYA), the Smart Off-Grid Company, today announced that it will report financial results for 2023 on Wednesday May 29, 2024, before the market opens. Clear Blue will host a conference call that same day, at 11:00 a.m. Eastern Time, to review the Company's performance and answer questions. Those interested can register here:

When: May 29, 2024 11:00 AM Eastern Time (US and Canada)
Topic: Clear Blue 2023 Annual Financial Earnings Call
Register in advance for this webinar:
https://us06web.zoom.us/webinar/register/WN_C6jzL0R5QFOUOiOC41g3Kw

Clear Blue has completed its audit for the fiscal year of 2023 and the auditor is finalizing its reviews as well as preparing its report to the board. As previously announced, the Company applied for the MCTO due to a delay in the filing of the audited consolidated financial statements for the year ended December 31, 2023, annual management's discussion and analysis for the same period and management certifications of annual filings (collectively, the "Filings"). The MCTO was granted by the B.C. Securities Commission on May 1, 2024.  

The MCTO restricts trading in securities of the Company by management of the Company until such time as the Annual Filings have been filed by the Company and the MCTO is no longer in effect. The MCTO does not affect the ability of shareholders to trade their securities and the general investing public will continue to be able to trade in the Company's common shares. However, the Company's CEO and CFO will not be able to trade the Company's common shares until such time as the Annual Filings have been filed and all continuous disclosure requirements have been satisfied by the Company, and the MCTO has been revoked by the BCSC.

The Company will issue a news release once the Annual Filings have been filed. The Company confirms that it intends to satisfy the provisions of section 4.4 of NP 12-203 and issue bi-weekly default status reports for so long as the Company remains in default of the financial statement filing requirement. Such report will disclose any material changes to the information in this release; all actions taken by the Company to remedy the default; particulars of any failure by the Company to fulfill these provisions; any subsequent defaults of the Company requiring a default announcement; and any other material information concerning the affairs of the Company not previously disclosed. The Company is not be subject to any insolvency proceedings nor is there in other material information concerning the affairs of the Issuer that has not been generally disclosed.