Steep Hill Provides Update
Steep Hill Provides Update
Toronto, Ontario--(Newsfile Corp. - April 4, 2023) - Steep Hill Inc. (CSE: STPH) ("Steep Hill" or the "Company") announces that, further to its press release of March 1, 2023, where it was announced that the Company's wholly-owned subsidiary ("Steep Hill US") and Green Analytics MD, LLC, Green Analytics Massachusetts LLC, Green Analytics East LLC, Green Analytics North LLC, Green Analytics Virginia, LLC, Green Analytics West Virginia, LLC, and Green Analytics New York, LLC (collectively, the "Green Analytics Parties") entered into settlement and release agreements, pursuant to which the various license agreements between Steep Hill US and the Green Analytics Parties were terminated, management has negotiated similar settlement and release agreements with the other licensees. As a result, Steep Hill US has ceased current operations in the US.
安大略省多倫多-(Newsfile Corp.-2023年4月4日)-陡峭山公司(CSE：STPH)(“陡峭的山丘“或”公司“)宣佈，繼其於2023年3月1日發佈的新聞稿，宣佈本公司的全資附屬公司(”美國陡峭山丘)、Green Analytics MD，LLC、Green Analytics Massachusetts LLC、Green Analytics East LLC、Green Analytics North LLC、Green Analytics弗吉尼亞LLC、Green Analytics West弗吉尼亞LLC和Green Analytics New York LLC(統稱為綠色分析派對“)訂立和解及豁免協定，據此終止陡坡美國公司與Green Analytics各方之間的各種許可協定，管理層已與其他被許可人談判類似的和解及豁免協定。因此，陡坡美國公司已停止目前在美國的業務。
Moreover, management negotiated settlement and release agreements with the other licensees towards ensuring Steep Hill US concluded its contractual obligations with these parties. Steep Hill US also laid off the remainder of the US-based employees and consultants.
此外，管理層與其他被許可方談判了和解和釋放協定，以確保陡峭山美國公司完成與這些各方的合同義務。陡峭山美國公司還解僱了其餘駐美國的員工和顧問。
As a consequence, the Company and Steep Hill US has no operations or staff in the US. Management is continuing efforts to monetize any and all assets such as licensed trademark, which will enable Steep Hill US to meet its obligations.
因此，公司和陡峭山美國公司在美國沒有業務或員工。管理層正在繼續努力將任何和所有資產貨幣化，如許可商標，這將使陡峭山美國公司能夠履行其義務。
ABOUT STEEP HILL
關於陡峭山丘
Steep Hill is in the process of restructuring its business and is exploring strategic alternatives.
陡峭山正在重組其業務，並正在探索戰略替代方案。
For further information, please contact:
如需更多資訊，請聯繫：
Raj Ravindran, CFO
Email: rajscontact@gmail.com
416-839-7424
首席財務官拉傑·拉文德蘭
電子郵件：rajsContact@gmail.com
416-839-7424
Notice Regarding Forward-Looking Information
關於前瞻性資訊的通知
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements. Forward-looking statements in this news release include, but are not limited to, management's expectations with respect to the potential of the Transaction to contribute to the Company's growth. These statements are based upon assumptions that are subject to significant risks and uncertainties, including assumptions about the operations, financial condition and future performance of Steep Hill and the Company's business as a whole. Although the Company considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect, and the forward-looking statements in this news release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including the impact of the ongoing COVID-19 pandemic on the Company's operations and growth plans. Although the Company's management believes that the expectations reflected in forward-looking statements are reasonable, the Company can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
本新聞稿中的資訊包括與管理層對未來事件、預期、計劃和前景的看法有關的某些資訊和聲明，這些資訊和聲明構成前瞻性聲明。本新聞稿中的前瞻性陳述包括但不限於管理層對該交易有助於公司增長的潛力的期望。這些陳述是基於受重大風險和不確定因素影響的假設，包括對陡峭山和公司整體業務的運營、財務狀況和未來表現的假設。儘管公司認為這些假設根據目前掌握的資訊是合理的，但它們可能被證明是不正確的，本新聞稿中的前瞻性陳述會受到許多風險、不確定因素和其他因素的影響，這些因素可能會導致未來的結果與這些前瞻性陳述中明示或暗示的結果大不相同，包括持續的新冠肺炎疫情對公司運營和增長計劃的影響。儘管公司管理層認為前瞻性陳述中反映的預期是合理的，但公司不能保證任何前瞻性陳述的預期將被證明是正確的。除非法律另有要求，否則公司不打算也沒有義務更新或修改任何前瞻性陳述，以反映實際結果，無論是由於新資訊、未來事件、假設的變化、影響這些前瞻性陳述的因素的變化或其他原因。
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要查看本新聞稿的源版本，請訪問
譯文內容由第三人軟體翻譯。