Sharc announces commencement of trading on OTC-QB
Vancouver, B.C., October 3, 2017 – Sharc International Systems Inc., DBA SHARC Energy Systems (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWD) (“SHRC” or the “Company”), is pleased to announce the listing of the Company onto the OTC-QB exchange commencing immediately. Sharc’s new trading symbol in the US is INTWD. Sharc’s new trading symbol in Europe is IWIA.
Sharc looks forward to expanding its US shareholder base through its upgrade to the OTC-QB. The OTC-QB will provide more efficient access for US investors, while delivering greater transparency through high-quality information.
To be eligible for the OTC-QB Venture Market, companies must be current in their reporting, undergo an annual verification and management certification process, and pass a minimum price bid test.
As the Company moves into the commercialization, upgrading to the OTC-QB will attract long-term US investors, while strengthening Sharc’s position as the world-leader in wastewater heat recovery technology.
The Company would also like to announce the cancellation of 597,5000 stock options and the issuance of 1,447,250 stock options at $0.44 for a period of one year to directors, management, and employees.
About Sharc International Systems Inc.
Sharc International Systems Inc. is a world leader in thermal heat recovery. SHRC systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings. SHRC is publicly traded in Canada (CSE: SHRC), the United States (OTC: INTWD) and Germany (Frankfurt: IWIA).
ON BEHALF OF THE BOARD
Chairman and Chief Executive Officer
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The CSE does not accept responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.