Rutter Announces Annual General and Special Meeting

ST. JOHN'S, March 20, 2014 /CNW/ - Rutter Inc. ("Rutter" or the "Company") (TSX: RUT) today announced the Annual General and Special Meeting (the "Meeting") of the shareholders of Rutter ("Rutter Shareholders") will be held on April 29, 2014. The record date for determining the Rutter Shareholders entitled to receive notice of and vote at the Meeting will be March 31, 2014.  As further described in the Company's news release of March 17, 2014, Rutter Shareholders are being asked to consider, among other things, various annual matters including the election of directors and a special resolution approving a subsequent acquisition transaction pursuant to which 8758875 Canada Inc. will acquire all remaining common shares of Rutter not already owned by it.

Meeting materials will be prepared and mailed to Rutter Shareholders by the Company by April 3, 2014.  A copy of the meeting materials will be made available under Rutter's SEDAR profile at www.sedar.com.

About Rutter Inc. - Rutter is an enterprise focused on providing innovative technologies and engineering solutions. Rutter's global network supplies technologies to improve efficiency and safety in the marine, defense, transportation, oil and gas sectors from its headquarters in the Province of Newfoundland and Labrador. For more information see www.rutter.ca.

About OceanWaveS GmbH - OceanWaveS GmbH, a wholly-owned subsidiary of Rutter, is an enterprise focused on technology development for the real time measurement of directional ocean wave spectra. For more information see www.oceanwaves.org. 

Caution Regarding Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relate to the Meeting. Such forward-looking statements involve known and unknown risks, uncertainties and other factors and assumptions that may cause the actual results, performance or developments of Rutter to differ materially from the anticipated results, performance, or developments expressed or implied by such forward-looking statements. Such statements and factors include, but are not limited to, the subsequent acquisition transaction and the Meeting, and the expected timing thereof, the mailing of the meeting materials, and other factors discussed under "Risk Factors" in the Annual Information Form of Rutter dated November 29, 2013 and other documents filed with Canadian provincial securities regulatory authorities.

These forward-looking statements reflect beliefs and assumptions which are based on Rutter's perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances.  In making these statements, Rutter has made assumptions with respect to: expectations related to future general economic and market conditions; the availability of financing in connection with the offer; regulatory processes and actions; the absence of potential delays, changes in plans or unexpected events; and other matters. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Rutter does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

SOURCE: Rutter Inc.

Karen Snook, Chief Financial Officer and Corporate Secretary, Rutter Inc. [phone]