Acasta Enterprises Inc. Reports 2015 Financial Results

TORONTO, Feb. 25, 2016 /CNW/ - Acasta Enterprises Inc. (TSX: AEF.A and AEF.WT) (the "Company" or "we") is pleased to report its financial results as of December 31, 2015 and for the period from inception on June 19, 2015 to December 31, 2015.  The Company's audited annual financial statements along with its management's discussion and analysis have been filed on the System for Electronic Document Analysis and Retrieval ("SEDAR") and may be viewed by shareholders and interested parties under the Company's profile at www.sedar.com.

Although we have actively reviewed, and continue to actively review, a number of potential qualifying acquisition targets, we have not completed a qualifying acquisition. We are not able to determine at this time whether we will complete a qualifying acquisition with any of the target businesses that we have reviewed or with any other target business. Any qualifying acquisition would be subject to the approval of an ordinary resolution by the Company's shareholders.

As previously announced, we will hold a conference call for interested shareholders to discuss our fourth quarter and year end 2015 financial results today at 4:30 p.m. EST. The conference call will be chaired by Anthony R. Melman, Chief Executive Officer. The number to use for this call is toll free [phone], passcode 9072502. The number for overseas callers is [phone], passcode 9072502. Please call in at least 10 minutes prior to the call.

About Acasta Enterprises Inc.
Acasta Enterprises Inc. is a special purpose acquisition corporation incorporated under the laws of the Province of Ontario for the purpose of effecting a qualifying acquisition.

Forward-Looking Statements
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the Company's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. The Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

SOURCE Acasta Enterprises Inc.

Richard Smith, Chief Financial Officer, Acasta Enterprises Inc. at [phone]