NOTICE TO SHAREHOLDERS
COLUMBUS NETWORKS CORPORATION ANNOUNCES ITS VOLUNTARILY DELISTING
(Kelowna, Canada) Columbus Networks Corporation (CSNW) announced today, it voluntarily delists its Shares.
On May 11, 2011, the SEC had issued a notice of hearing to CSNW, seeking to revoke the registration of the company’s common stock pursuant to Section 12(j). The missing expense reports, receipts and other financial documents from the former CEO, which the Company has been unable to obtain, make it impossible to complete the required audited financials back to 2002. Because it could not comply with SEC reporting requirements, the company consented to entry of an order revoking the registration of its shares on June 3, 2011.
Delisting will also enable the company to save the large cost of filings years of audited financials, as we will only be required to provide the last two years of audited financials to be listed again and three years of audited financials for the BC requirement.
About Columbus Networks Corporation
Columbus Networks offers web-based applications to facilitate recruitment in the education sector using technology and the Internet to create extremely cost-effective, timely, and easy-to-use recruitment solutions for both employers and employees. For the educational employer seeking to fill employment vacancies in teaching, administration, and support staff positions, Columbus Networks offers a more sophisticated e-recruitment tool. Our clients are educational employers who include public schools and districts, private schools and institutions, colleges, universities and community colleges, across the continent and growing worldwide. Columbus Networks is headquartered in Kelowna, British Columbia, Canada. For additional information on Columbus Networks or their services, visit http://www.columbusnetworks.com or call (250) 869-1612.
No Stock Exchange or Regulatory Authority has either approved or disapproved of this News Release.
This press release may contain forward-looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risks and uncertainties, including without limitation continued acceptance of the Company's products, subscriber growth, product demand, competition, and other risks and uncertainties detailed from time to time in the Company's period reports.
Columbus Networks Corporation
Phone: (250) 869-1612