Toronto, Ontario–(Newsfile Corp. – September 3, 2026) – Pool Safe Inc. (TSXV: POOL) (“Pool Safe” or the “Company“) is pleased to announce the appointment of David E. Deacon as the Company’s Chief Executive Officer.
In addition, the Company announces the adoption of semi-annual financial reporting (“SAR”). This press release is being issued and filed pursuant to Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (“CBO 51-933”).
CBO 51-933 allows eligible venture issuers to voluntarily move from a quarterly to a semi-annual financial reporting framework. By adopting SAR, Pool Safe aims to reduce the administrative and financial burden associated with quarterly reporting, allowing management to focus its resources on the Company’s operating business.
As a result of adopting SAR, the Company will not file interim financial statements and related Management’s Discussion and Analysis (“MD&A”) for the three-month period ending March 31 and the nine-month period ending September 30 of each applicable fiscal year. Accordingly, the initial interim period for which the Company does not intend to file an interim financial report and related MD&A will be for the nine months ended September 30, 2026.
The Company will continue to file audited annual financial statements (due within 120 days of December 31) and six-month interim financial reports and related MD&A (due within 60 days of June 30). The Company remains committed to timely and transparent disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 – Continuous Disclosure Obligations.
About Pool Safe Inc.
Pool Safe Inc. designs, develops and distributes a product known as LounGenie, which functions as a multipurpose personal poolside attendant. LounGenie by Pool Safe Inc. is designed to provide safety, convenience, and peace of mind for hotels, resorts, waterparks, and cruise ship guests. Conveniently located alongside pool or beach lounge chairs, the LounGenie is a unique way of providing vacationers with a comforting sense of security for their belongings, while offering the vendor opportunities to increase F&B sales, expedite customer service and drive revenue. For more information, please visit loungenie.com or poolsafeinc.com.
Pool Safe Inc. is a fully reporting publicly traded company which is listed on the TSX Venture Exchange under the symbol “POOL”.
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the Company’s intention to rely on CBO 51-933 and adopt semi-annual financial reporting, the anticipated timing of future financial filings, the expected benefits of SAR and the Company’s plans for its business operations. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, activity, performance or achievements to be materially different from those expressed or implied by such information, including but not limited to: changes in applicable securities laws or regulatory requirements; the Company’s ability to continue to satisfy the eligibility requirements under CBO 51-933; and general economic, market and business conditions. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312808
Source: Pool Safe Inc.
