VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 09/26/14 — China Keli Electric Company Ltd. (TSX VENTURE: ZKL) (“ZKL” or the “Company”), wishes to provide an update to its news release of September 4, 2014, relating to the completion of its audit for the financial year ended April 30, 2014.
The Company continues to work on moving forward in an effort to complete its audited financial statements. The Board has been assured by management that they are providing full cooperation in an effort to undertake all steps necessary to complete the audit. It is the goal and expectation of the Board that the audit will be completed in due course.
This update does not mean that the Company has finished its work, nor can it provide any assurance on the timing or the likelihood of the completion of the audit. The Company will provide further updates as information becomes available and matters are clarified.
About China Keli Electric Company Ltd.
China Keli Electric Company Ltd. specializes in the manufacturing of electrical components and equipment, including pre-assembled mini substations, electrical controllers, pressurized and vacuumed switchgears and circuit breakers.
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Neither the TSX Venture Exchange nor its Regulation service provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information:
Certain statements in this press release may constitute “forward-looking” statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements may use such words as “may”, “will”, “expect”, “believe”, “plan” and other similar terminology. These statements reflect management–s current expectations regarding future events and operating performance and speak only as of the date of this press release. Forward-looking information in this press release includes, but is not limited to, management–s expectation of full cooperation, management–s expectation that the audit will be completed in due course, management–s intention to provide further updates as soon as information is available. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company believes the expectations reflected in the forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and readers are cautioned not to place undue reliance on forward-looking information contained in this press release. Some of the risks and other factors which could cause results to differ materially from those expressed in the forward-looking information contained in this press release include, but are not limited to, international, national and local business and economic conditions; political or economic instability in the Company–s markets; competition; legislation and governmental regulation; and accounting policies and practices. The foregoing list of factors is not exhaustive. Please see the Company–s annual MD&A filed on August 30, 2014 on , for a more detailed description of the risk factors. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether a result of new information, future results or otherwise, except as required by law.
Contacts:
China Keli Electric Company Ltd.
Kelvin Zhang
Chief Financial Officer
(604) 893-7007
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