VIQ Solutions Files Amended Q2 2020 Interim Financial Statements and YE 2019, Q1 2020 and Q2 2020 MD&A
VIQ Solutions Inc. ("VIQ" or the "Company") (TSX Venture Exchange: VQS (News - Alert) and OTC Markets: VQSLF), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, announced today that it has refiled its interim financial statements for the six months ended June 30, 2020 and 2019, its interim management's discussion and analysis ("MD&A") for the six months ended June 30, 2020 and 2019, its MD&A for the three months ended March 31, 2020 and 2019 and its MD&A for the years ended December 31, 2019 and 2018 (collectively the "Amended Filings"). The Company's revenue and Adjusted EBITDA for the respective periods covered by the Amended Filings have remained unchanged.
The Amended Filings were prepared following a continuous disclosure review by the staff of the Ontario Securities Commission (the "OSC") of the Company's disclosure record in connection with the Company's previously announced $20M bought deal prospectus offering. The Amended Filings address comments received from OSC staff in order to clarify disclosure in the Company's previous filings. In particular, the Amended Filings have been revised to:
Audit Committee Clarification
The Company wishes to clarify that from May 2018 to November 12, 2020, the Company's audit committee was comprised of only two members and not three as required under National Instrument 52-110. As of the date of this news release, the Company's audit committee is comprised of the following three directors: Joseph Quarin, Michael Kessel and Harvey Gordon, each of whom is independent as such term is defined in section 1.4 of National Instrument 52-110.
About VIQ Solutions Inc.
VIQ Solutions is a global provider of secure, AI-driven, digital voice and video capture technology and transcription services. VIQ offers a seamless, comprehensive solution suite that delivers intelligent automation, enhanced with human review, to drive transformation in the way content is captured, secured, and repurposed into actionable information. The cyber-secure, AI technology and services platform are implemented in the most rigid security environments including criminal justice, legal, insurance, media, government, corporate finance, media, and transcription service provider markets, enabling them to improve the quality and accessibility of evidence, to easily identify predictive insights and to achieve digital transformation faster and at a lower cost.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.