Air Packaging Technologies Inc. in Compliance With BC Securities Commission Filing Requirements.VALENCIA, Calif.--(BUSINESS WIRE)--Sept. 21, 1999-- Air Packaging Technologies (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AIRP AIRP Air Power (Air Force 'motivator') AIRP Air Intake Recirculation and Purification AIRP Aircraft Instrumentation Research Program AIRP Airborne Integration Route Planner ) of Valencia, Calif., announced today that the Company was in compliance with the filing requirements of the British Columbia Securities Commission The British Columbia Securities Commission (BCSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of British Columbia. External links
Janet Maxey, chief financial officer of the Company stated: "When we learned that the BC Securities Commission had placed the Company on a list of companies who were not in compliance with the periodic filing requirements of the Commission, I could not fathom why since we had filed all of the required information of a timely basis and in the same manner as always. After contacting the Commission, I learned that certain of the information which the Commission thought should have been filed was based on its erroneous belief Noun 1. erroneous belief - a misconception resulting from incorrect information error misconception - an incorrect conception that the Company's stock was still traded on the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). . The stock had not been traded on that exchange for over a year. The Commission also advised me that it was no longer accepting filings which were scanned from hard copy before electronic transmission. The Company had never received any notice of this change", Ms. Maxey continued, "so we had filed as we always had filed. The problem was immediately corrected by refiling using the method now required by the Commission." |
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