Sofame to File Annual Audited Financial Reports by February 12, 2015

MONTREAL, Jan. 28, 2015 /CNW Telbec/ - Sofame Technologies Inc. (TSXV:SDW) announced today that its audited annual financial statements, management discussion and analysis ("MD&A") and CEO and CFO certifications for the year ended September 30, 2014 will not be released as scheduled on January 28, 2015.

The company's operations are ongoing, with a major new contract for a mega hospital in final negotiation.  The financial audit took longer than expected, which has caused delays in the production of the financial statements.  Sofame has the necessary financial and human resources to address the default in a timely manner and expects to release these documents no later than February 12, 2015.

As a result of the delay, SOFAME will be requesting that the Autorité des marches financiers and other Canadian securities regulatory authorities issue a temporary order that prohibits certain directors, officers and insiders of SOFAME from trading in securities of SOFAME for as long as the annual financial statements, MD&A and related certifications are not filed. The issuance of such management cease-trade order does not generally affect the ability of persons who have not been directors, officers or insiders to trade in their securities.

SOFAME intends to provide information in accordance with Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults with respect to further developments on this matter promptly following their occurrence, including the issuance of bi-weekly status update reports until such time as the annual disclosure documentation is issued and filed.

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]