• News » Status update on filing of Financial Statements 07-16 Thu Jul 16 2:50:27 UTC 2009

    Real Time Measurements Inc. (RTY on TSX.V) The directors and certain RTY management are currently subject to a management cease trade order (MCTO), which was granted on June 2, 2009, by the Alberta Securities Commission. RTY’s request for MCTO was made when it became apparent that it would be delayed in filing its financial statements. The trading prohibition will continue until two days following the filing of the RTY financial statements. The MCTO provides that the RTY financial statements must be filed by July 31, 2009.

    Pursuant to Canadian Securities Administrators (CSA) Staff Notice 57-301 and Ontario Securities Commission (OSC) Policy 57-603, Real Time Measurements Inc. has provided its biweekly update on the status of the filing of the financial statements for the year ended January 31, 2009.

    RTY confirms that, other than as disclosed in this news release, there is no material change to the information set out in its news release issued in Stockwatch dated May 15, 2009, there us no other material information concerning the affairs of RTY that has not generally been disclosed and RTY intends to file its financials within the time allotted in the MCTO.

    Real Time Measurements is a Canadian oil and gas technology development company that designs, builds and sells equipment and provides services to oil and gas companies in various parts of the world. The company uses innovative applications of recent technological developments to solve selected oil and gas upstream measurement problems in more efficient ways. The Company’s primary business activity revolves around the commercial development of premium quality sensors and data gathering systems which are used primarily in oil and gas wells.

    For further information please contact

    Terry Matthews
    President, CEO, Director
    Real Time Measurements Inc.
    4500 50th Avenue SE Calgary AB T2P 3R4
    T: 403-720-3444

    Certain statements included in this news release constitute “forward-looking information” within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. However, we disclaim any intention and assume no obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. The forward-looking information contained in this news release represents the expectations of Real Time as at April 20 2009, and, accordingly, is subject to change after such date. However, Real Time expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.The TSX Venture Exchange has not reviewed this release and it does not accept responsibility for its adequacy or accuracy.