VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 03/25/15 — Certive Solutions Inc. (“Certive” or the “Company”) (CSE: CBP)(FRANKFURT: 5CE) reports that its audit committee and board of directors have decided to re-file amended and restated financial statements and MD&A for the six months ended November 30, 2014 (the “Amended Filing”).
The Amended Filing will be revised to correct the balance sheet as at November 30, 2014, to correct the misallocation of two asset acquisitions from goodwill to intangibles. Additionally, the statement of cash flows (“SCF”) will be revised to remove unpaid portions of the purchase price from the SCF, in accordance with IAS 7.
This news release has been prepared and disseminated pursuant to section 11.5 of National Instrument 51-102.
ON BEHALF OF THE BOARD OF DIRECTORS OF CERTIVE SOLUTIONS INC.
Van Potter, President, CEO, Director
About Certive Solutions Inc.
Certive Solutions Inc. (Scottsdale, Arizona) provides revenue cycle management solutions to U.S. hospitals, delivered collaboratively, utilizing proprietary workflow document management and analytics technologies tailored to health care business processes. Certive is currently focused on the denied claim segment of revenue cycle management. Certive–s solutions enhance the efficiency and effectiveness of denied claims recovery in a revenue sharing relationship that improves hospitals– net operating results.
FORWARD-LOOKING AND OTHER STATEMENTS
This press release contains forward-looking statements. These statements relate to future events or future performance and reflect our expectations and assumptions regarding our growth, results of operations, performance and business prospects and opportunities. Such forward-looking statements reflect our current beliefs and are based on information currently available to us. In some cases, forward-looking statements can be identified by terminology such as “may”, “would”, “could”, “will”, “should”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “continue” or the negative of these terms or other similar expressions concerning matters that are not historical facts. The forward-looking statements in this press release include, among others, statements regarding our future operating results, economic performance and product development efforts, and statements in respect of:
A number of factors could cause actual events, performance or results, including those in respect of the foregoing items, to differ materially from the events, performance and results discussed in the forward looking statements.
Factors that could cause actual events, performance or results to differ materially from those set forth in the forward-looking statements include, but are not limited to:
Although the forward-looking statements contained in this press release are based on what we consider to be reasonable assumptions based on information currently available to us, there can be no assurance that actual events, performance or results will be consistent with these forward-looking statements, and our assumptions may prove to be incorrect. These forward-looking statements are made as of the date of this press release. Forward-looking statements made in this press release are made as of the date of the original document and have not been updated by us except as expressly provided for in this press release. As required by securities legislation applicable to reporting issuers, it is our policy to update, from time to time, forward-looking information in our periodic management discussions and analyses and provide updates on our activities to the public through the filing and dissemination of news releases and material change reports.
Contacts:
Certive Solutions Inc.
Brian Cameron
Chief Financial Officer
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