DGAP-News: Enerdynamic Hybrid Technologies Corp

DGAP-News: Enerdynamic Hybrid Technologies Announces Refiling Of 2014 Financial Statements

DGAP-News: Enerdynamic Hybrid Technologies Corp. / Key word(s): Miscellaneous EnerDynamic Hybrid Technologies Announces Refiling Of 2014 Financial Statements

19.05.2016 / 14:15 The issuer is solely responsible for the content of this announcement.

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Toronto, Ontario--(Newsfile Corp. - May 19, 2016) - EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) ('EHT' or the 'Company') is pleased to announce that it has refiled its consolidated financial statements with respect to the year ended November 30, 2014 (the '2014 Financial Statements'), which include audited comparative consolidated financial statements with respect to the year ended November 30, 2013. The re-filed 2014 Financial Statements include an independent auditor's report, dated May 18, 2016, issued by Richter LLP, for the year ended November 30, 2014, as well as an independent auditor's report, dated May 18, 2016, issued by BDO Canada LLP, for the year ended November 30, 2013. Further to the Company's news release, dated March 30, 2016, this refiling resolves the default that arose as a result of the Company's failure to comply with the requirements of Section 4.1 of National Instrument 51-102 - Continuous Disclosure Obligations ('NI 51-102') with respect to filing audited annual comparative financial statements, given that the comparative financial statements as at and for the year ended November 30, 2013, as included in the November 30, 2014 consolidated financial statements filed on March 31, 2015 had not been audited. The 2014 Financial Statements include changes to the consolidated statement of financial position, the consolidated statement of operations and comprehensive loss, the consolidated statement of shareholders' equity and the consolidated statement of cash flows, for the years ended November 30, 2013 and November 30, 2014. For further detail, please see Note 3 and Note 10 of the 2014 Financial Statements, which have been refiled on SEDAR and are available under the Company's profile on SEDAR at www.sedar.com. Notwithstanding the foregoing, the Company remains in default of the continuous disclosure requirements set forth in Parts 4 and 5 of NI 51-102 and National Instrument 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings, as (i) it has failed to meet the filing deadline of March 29, 2016 in respect of the filing of its audited annual consolidated financial statements, accompanying management's discussion and analysis, and the related officer certifications for the financial year ended November 30, 2015 (collectively, the '2015 Filings'), and (ii) it has failed to meet the filing deadline of April 29, 2016 in respect of the filing of its interim consolidated financial statements, accompanying management's discussion and analysis, and the related officer certifications for the interim period ended February 28, 2016 (collectively, the '2016 Q1 Filings'). The Company's failure to satisfy the aforementioned filing deadlines is a consequence of the delay in refiling the 2014 Financial Statements, as the completion of the 2014 Financial Statements was required to finalize the 2015 Filings and the 2016 Q1 Filings. In light of the completion and refiling of the 2014 Financial Statements, the Company expects to complete its 2015 Filings and 2016 Q1 Filings imminently. About EnerDynamic Hybrid Technologies EHT delivers proprietary, turn-key energy solutions which are intelligent, bankable and sustainable. Most energy products and solutions can be implemented immediately wherever they are needed. EHT stands above its competitors by combining a full suite of solar PV, wind and battery storage solutions, which can deliver energy 24 hours per day in both small-scale and large-scale format. In addition to traditional support to established electrical networks, EHT excels where no electrical grid exists. Through its recent acquisitions and new product developments, the organization now supplies advanced material solutions for various industries in combination with energy saving and energy generation solutions. EHT's core expertise lies in the development of innovative composite material systems with a full integration of smart energy solutions, which are processed through the use of EHT's proprietary production technologies into attractive applications- primarily modular homes, cold storage facilities, modular hospitals, schools, hotels and residential and commercial buildings. Neither 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. The statements herein that are not historical facts are forward-looking statements. Forward-looking information involves risk, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although EHT believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. EHT disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws. FOR FURTHER INFORMATION PLEASE CONTACT: John Gamble Stephanie Thompson Director Administrative Assistant (289) 488-1699 (289) 488-1699 jgamble@ehthybrid.com info@ehthybrid.com Company Website: www.ehthybrid.com Company Website: www.ehthybrid.com

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http://www.newsfilecorp.com/release/20689

News Source: Newsfile

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19.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language: English Company: Enerdynamic Hybrid Technologies Corp. Canada ISIN: CA29272D1015 End of News DGAP News Service ---------------------------------------------------------------------------

465039 19.05.2016