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Clear Blue Technologies Announces Transition of Auditors

TORONTO, Nov. 15, 2019 (GLOBE NEWSWIRE) -- Clear Blue Technologies International Inc. (“Clear Blue” or “the Company”) (CBLU.V) (0YA.F) announced today that its Board of Directors has accepted the resignation of the Company’s auditor (the “Former Auditor”).  The Board expects to announce its new auditor within the coming weeks.

“This is an administrative change that will ensure the Company’s auditor is optimally suited to meet the needs of Clear Blue as it continues to scale and grow its business and operations,” said Steve Parry, Chair of Clear Blue’s Audit Committee and Independent Board Member.

There were no reservations in the Former Auditor's reports on the Company's financial statements during period that the Former Auditor acted as the Company's auditor.  There are no reportable events including disagreements, consultations or unresolved issues as defined in National Instrument 51-102 – Continuous Disclosure Obligations ("I 51-102") between the Company and the Former Auditor.

In accordance with NI 51-102, the notice of change of auditor, together with the required letter from the Former Auditor, have been reviewed by the board of directors of the Company and filed on SEDAR.

About Clear Blue Technologies International

Clear Blue Technologies International, the Smart Off-Grid™ company, was founded on a vision of delivering clean, managed, “wireless power” to meet the global need for reliable, low-cost, solar and hybrid power for lighting, telecom, security, Internet of Things devices, and other mission-critical systems.  Today, Clear Blue has thousands of systems under management across 34 countries, including the U.S. and Canada.

Legal Disclaimer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Media Contact:

Becky Nye
Senior Associate
Montieth & Company
155 East 44th Street, Suite 1610
New York, NY 10017
+1 646-864-3517
bnye@montiethco.com

Investor Relations:

Miriam Tuerk
CEO, Clear Blue Technologies
+1 416-433-3952
investors@clearbluetechnologies.com
http://www.clearbluetechnologies.com/en/investors

Forward-Looking Information and Statements

This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information contained herein may include, but is not limited to, the estimated date of appointment of a new auditor of the Company and the fulfillment of the disclosed product order.

By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements.

An investment in securities of the Company is speculative and subject to several risks including, without limitation, the risks discussed under the heading "Risk Factors" in the Company's listing application dated July 12, 2018. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice.