Holland Landing, Ontario, March 16, 2022 (GLOBE NEWSWIRE) — Inscape Corporation (“”escape” or “society(TSX: INQ), the proposed transaction outlined in the February 3, 2022 press release will not continue as the buyer has called the precedent for property terms detailed in that press release. I will announce that. As a result, as previously announced, the expected completion of the proposed transaction will not occur on May 31, 2022.
We will continue the sales process for this property until we have the right buyers.
Since 1888, Inscape has designed products and services focused on the future, allowing businesses to adapt and evolve without reinvesting in their workspace. Our versatile portfolio includes system furniture, storage and walls. All of these are designed to be adaptable and long lasting. With Inscape’s extensive dealer network, US and Canadian showrooms, and full service and support for all our clients, we can stand out from the crowd. Keep it simple. We make it smart. We make our clients wonder why they didn’t choose us early.
Precautions regarding forward-looking statements
This press release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities law. Forward-looking information includes, but is not limited to, the completion of the proposed transaction. The lease terms and forward-looking statements include, but are not limited to, the impact of the proposed transaction on our strategic plans and operations. And financial profile. In general, forward-looking information uses forward-looking terms such as “plan,” “expectation,” “estimate,” “intention,” “forecast,” “intention,” “project,” and “believe.” Can be identified. Variations of such words or phrases, or specific actions, events, or outcomes are “possible,” “possible,” “should,” “possible,” or “possible.” Negative or other variations or equivalent terms such as “is”, or “executed”, “occurs”, or “achieves” or “disbelieves”. Information about the future outlook is based on management’s reasonable assumptions, estimates, analyzes, and opinions made on the day such statements were made. Forward-looking information is subject to known and unknown risks, uncertainties, and other factors, and our actual results, activity levels, performance, or performance may be influenced by such forward-looking information. It can be significantly different from what is expressed or implied. Includes risk factors identified in our annual information form and management discussions and analysis. Information about the future outlook is based on management’s experience and perceptions, trends, current status, expected developments, and other factors that management considers relevant and rational. Based on assumptions, estimates, analyzes and opinions. The situation on the day such a statement was issued, but it may turn out to be incorrect. Management may find that assumptions related to future events (some of which are beyond management control) are incorrect given that they are exposed to certain risks and uncertainties. Warns the reader that actual results may differ materially from expectations. We believe that the assumptions and expectations reflected in such forward-looking information are reasonable, but we cannot provide any assurance that such forward-looking statements are correct and therefore forward-looking information. You should not put excessive trust in. Factors that can cause a result or event to differ from current expectations include, among others: (Ii) Terms of lease. (Iii) Completion of the proposed transaction by the parties. (Iv) The impact of the proposed transaction on our strategic planning, operations and financial profile. Actual results and future events may differ materially from those expected from such information and there is no guarantee that such information will be proven to be accurate. We undertake no commitment to update forward-looking information except in accordance with applicable securities law. Readers should be careful not to overly rely on information about future prospects.
For more information, please visit myinscape.com.
Contact Jon Szczur
T 905 952 4102
CBJ News Maker
Inscape has announced that it will continue the process of selling surplus real estate, The Canadian Business Journal
Source link Inscape has announced that it will continue the process of selling surplus real estate, The Canadian Business Journal