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Toronto, Ontario--(Newsfile Corp. - December 6, 2022) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) (the "Company" or "Aires") announces that, further to its previous press releases of May 9, 2022, June 23, 2022, August 2, 2022, August 26, 2022, September 21, 2022, October 21, 2022 and November 3, 2022, the Company is pleased to announce that is has filed its interim financial statements, management discussion and analysis and certificates of the Chief Executive Officer and Chief Financial Officer for the period ended March 31, 2022, which were due to be filed on May 30, 2022, and the interim financial statements, management discussion and analysis and certificates of the Chief Executive Officer and Chief Financial Officer for the period ended June 30, 2022, which were due to be filed on August 29, 2022, and the interim financial statements, management discussion and analysis and certificates of the Chief Executive Officer and Chief Financial Officer for the period ended September 30, 2022, which were due to be filed on November 29, 2022 (collectively, the "Interim Continuous Disclosure Documents"). The Interim Continuous Disclosure Documents can be accessed under the Company's profile at www.sedar.com.
The Ontario Securities Commission (the "OSC") issued a failure to file cease trade order ("CTO") against the Company on May 6, 2022, which orders that general trading, whether direct or indirect, of the securities of the Company cease. A copy of the CTO has been posted to the OSC website.
The Company will file a revocation application to revoke the CTO. The Company will provide further updates as they become available.
In addition, the Company announces the resignation of Rob Suttie as the Chief Financial Officer of the Company. The Company will commence a search for a new Chief Financial Officer, which will be announced in due course. The Company would like to thank Mr. Suttie for his contributions to the Company and wish him well in his future endeavours.
About American Aires Inc.
American Aires Inc. is a Canadian-based nanotechnology company which has developed proprietary silicon-based microprocessors that reduce the harmful effects of electromagnetic radiation (EMR). The technology was developed by a team of highly accredited scientists and confirmed by independent third-party validation including peer-reviewed studies and publications in scientific journals. Aires' Lifetune products specifically target EMR emitted by consumer electronic devices such as cellphones, computers, baby monitors, Wi-Fi radiation, including the rapidly expanding next-generation high-speed 5G networks. Aires is listed on the CSE under ticker 'WIFI' and on the OTCQB under the symbol 'AAIRF'. Learn more at www.airestech.com.