MONTREAL, Oct. 24 /CNW Telbec/ - On October 23, 2007, the Toronto Stock
Exchange (TSX) issued a TSX Bulletin which reported that the TSX is reviewing
the common shares of Evolved with respect to their meeting the TSX's continued
listing requirements and that Evolved has been granted 120 days, or until
February 20, 2008 in which to regain compliance with these requirements,
pursuant to the Remedial Review Process.
The TSX has advised Evolved the reason for this review is that the Market
Value (as defined by the TSX) of Evolved's securities was less than $3,000,000
for 30 consecutive trading days which is a continued listing requirement under
section 712(a) of the TSX Company Manual.
Evolved is currently pursuing options in an effort to meet the
requirement under section 712(a). If the Market Value of the publicly held
securities does not increase sufficiently to meet the continued listing
requirements on the TSX, Evolved would endeavor to seek a listing of its
common shares on another exchange.
For more information, contact EVOLVED at 1-800-5EVOLVED or visit the
company website at www.evolveddigital.com
The TSX has neither approved nor disapproved the information contained
herein.
