CORRECTION FROM SOURCE/Manaris Reports Q2 Results: Acquisitions Boost Revenue, Streamlining Efforts Continue.MONTREAL -- Manaris Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MANS) (FRANKFURT WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) :255471) All amounts are expressed in US dollars unless otherwise indicated. The news release issued earlier today by Manaris Corporation (OTCBB:MANS) (FRANKFURT WKN:255471) contained two errors in the second paragraph: Corrected: "Operations were mainly financed through the July Special Warrant Offer for total proceeds of $2,576,168 (net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of $2,127,603), and with respect to Avensys, primarily from revenue from the sales of products and services. We used $427,476 for Bank credit line payment, $621,924 for principal payment of Senior Convertible Note Series A." Original: "Operations were mainly financed through the July Special Warrant Offer for total net cash proceeds of $2,576,168, and with respect to Avensys, primarily from revenue from the sales of products and services. We used $427,474 for Bank credit line payment, $621,924 for principal payment of Senior Convertible Note Series A." CONFERENCE CALL Information detailing the date and time of the conference call is currently available on our website at www.manariscorp.com. About Manaris Corporation Manaris Corporation through its wholly-owned subsidiaries, offers risk mitigation MITIGATION. To make less rigorous or penal. 2. Crimes are frequently committed under circumstances which are not justifiable nor excusable, yet they show that the offender has been greatly tempted; as, for example, when a starving man steals bread to satisfy solutions. C-Chip Technologies (North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ) specializes in the high-tech sector of the security industry, with technology that allows business users to efficiently access, control, manage and monitor remote assets at low costs. Avensys enables businesses to monitor different types of environments, including Air, Soil, Water as well as buildings and infrastructures and produces fiber optic components and sensors. FORWARD-LOOKING-STATEMENT: Except for factual statements made herein, the information contained in this press release consists of forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks uncertainties, including the effect of changing economic conditions, competition within the credit and security industry, customer acceptance of products and other risks and uncertainties. Such forward looking statements are not guarantees of performance, and Manaris Corporation results could differ materially from those contained in such statements. These forward-looking statements speak only as of the date of this release and Manaris Corporation undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or after the date of this release. Manaris Corporation (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :MANS) (FRANKFURT:WKN:255471) |
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