In response to the economic and business challenges brought on by Covid-19, the Company is undergoing a comprehensive assessment of its operations and costs to ensure it remains competitive. In addition to efficiencies implemented in Q4 2019, the Company has implemented a cost saving plan that will reduce expenses by approximately
The Company will be taking advantage of temporary exemptions announced by Canadian securities administrators to permit reporting issuers to delay the filing of their interim financial reports under section 4.4 of National Instrument 51-102 ("NI 51-102") and management's discussion & analysis under subsection 5.1(2) of NI 51-102 for an additional 45 days from the deadline otherwise applicable. The release of our Q1 2020 earnings is now scheduled to occur after the close of business on
The annual and special meeting of shareholders, originally scheduled for
Forward-Looking Statements
This press release includes forward-looking information and forward-looking statements ("forward-looking statements") within the meaning of applicable securities laws. They are not statements of historical fact. Rather, it is disclosure regarding events, conditions, developments or financial performance that we expect or anticipate may or will occur in the future including, among other things, information or statements concerning our objectives and strategies to achieve those objectives, statements with respect to management's beliefs, plans, estimates and intentions and statements concerning anticipated future events, circumstances, expectations, results, operations or performance. Forward-looking statements can be identified generally by the use of forward‑looking terminology, such as "anticipate", "believe", "could" "should", "would", "estimate", "expect", "forecast", "indicate", "intend", "likely, "may", "plan", "potential", "project", "outlook", "seek", "target", "trend" or "will" or the negative or other variations of these words or other comparable words or phrases and is intended to identify forward-looking statements, although not all forward-looking statements contains these words.
The forward-looking statements in this press release include statements regarding the effect on the Company and its subsidiaries of cost cutting initiatives, the amount of cost reductions resulting from those initiatives and the permanent nature of those initiatives. Forward-looking information and statements are based on assumptions and estimates made by us in light of the experience and perception of historical trends, current conditions, expected future developments, including projected growth in the antenna and related industries, and other factors we believe are appropriate and reasonable in the circumstances, but there can be no assurance that such assumptions and estimates will prove to be correct.
Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including the risk factors discussed in the Company's Annual Information Form dated
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