Sofame 2014 Annual Filing Delay: Bi-Weekly Update

MONTREAL, March 19, 2015 /CNW Telbec/ - (TSXV: SDW): Sofame Technologies Inc. is providing a bi-weekly update on further developments at the company in accordance with Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults.  Sofame expects to file its audited annual financial statements, management discussion and analysis ("MD&A") and CEO and CFO certifications for the year ended September 30, 2014 by March 29, 2015.  Sofame will file its Quarterly financial reports for the period ending December 31, 2014, shortly after the annual reports are filed.  The first quarter reports were due on March 1, 2015.  Opening balances for the first quarter depend on the auditor's report for the year ending September 30, 2014.

Certain directors, officers and insiders are prohibited from trading in securities of the company for as long as the annual financial statements, MD&A and related certifications are not filed.  In the event the audit is not completed within the delay, a general Cease Trade Order will be imposed. 

All persons, other than directors, officers or insiders, may trade freely in the Corporation's securities.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Sofame Technologies Inc.

John Gocek, President & CEO, [phone] x200; Stone Communication Services, Jason Stone, [phone], [email protected]