NGH

MARKHAM, ON, Aug. 12, 2016 /CNW/ - Nightingale Informatix Corporation ("Nightingale" or the "Company") (TSX-V: NGH) today announced that it has filed its audited annual consolidated financial statements as at and for the years ended March 31, 2016 and 2015 ("Annual Financials"), related management discussion and analysis ("MD&A") and applicable officer certifications (together with the Annual Financials and MD&A, the "Annual Materials").  The materials can be found at www.sedar.com.

The Company had announced previously that the filings would be delayed beyond the statutory filing deadline of July 29, 2016 and that the Company expected that its publicly traded common shares may become subject to a cease trade order imposed by the applicable securities regulatory authorities until such time as the Annual Materials are filed.  The Company is working with the applicable securities regulatory authorities to remove the cease trade order.

The Company is reporting substantially all of its results as discontinued operations in the Annual Financials as a result of the previously announced event that it had signed a definitive agreement, subject to certain conditions, to sell substantially all its assets (the "Transaction").  The Company has scheduled August 30, 2016 to hold a special shareholders meeting in order to approve the Transaction.  The Company has mailed the materials for that meeting during the first week of August, 2016 and has posted a copy of such materials on www.sedar.com.

The Company will hold its Annual and Special Meeting of Shareholders on Thursday, September 29, 2016 at 10:00 a.m. ET. 

Forward Looking Statements:

This press release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Specifically, and without limitation, this press release contains forward-looking statements and information relating to: the scheduled date for holding of the special meeting to approve the Transaction and the anticipated closing date of the Transaction.  Generally, forward-looking statements can be identified by the use of forward- looking terminology such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may" ,"could", "would", "might", "occur"  or  "be  achieved". Forward-looking  statements  are  subject  to  known  and  unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to the risks associated with: obtaining the required approvals related to the completion of the Transaction and the completion of the Transaction generally; the ability of the Company to update securities regulators and the effect on the ability to trade in the securities of the Company,  the ability of Nightingale to successfully develop and market the V10 platform and successfully complete the sale of the Company following the completion of the Transaction. All material assumptions used in making forward-looking statements are based on management's knowledge at the time such statements are made and are subject to change.

Although Nightingale has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Nightingale does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws. Further information on Nightingale Informatix Corporation is available at www.sedar.com.

Neither the 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 Nightingale Informatix Corporation