SCOTTSDALE, Arizona,
May 27, 2015 /PRNewswire/ --
Intertech Solutions Inc. (OTC: ITEC) ("Intertech Solutions
Inc.," "ITEC" or the "Company") today wishes to update shareholders
as to corporate developments and ongoing status of the permitting
for the WPE Gold Project.
Management has elected to cancel a total of 60,000,000 shares
which will improve our capital structure and value to shareholders.
This event is reflected as part of our up to date filings with OTC
Markets. ITEC's year-end is February
28th and we have now filed the requisite filings as well as
additionally filed ahead of time our legal opinion letter, which
was not due until June
30th. Management is committed to keeping our
filings up to date and on time such that shareholders may
review.
We continue to make good progress with permit approval process
being undertaken by West Port Gold with the Bureau of land
Management (B.L.M.) at the WPE Gold Project near Quartzite
Arizona.
Our Mine Plan of Operation
(M.P.O.) on WPE Gold Project is now in the final approval process
with the B.L.M. and West Port Gold has informed the Company that
all current B.L.M. information requests have been, or are being
addressed. West Port is confident that we will be informed by the
B.L.M. shortly as to the approximate date our M.P.O. will be issued
and or what additional information must be supplied.
The Company has also initiated and is near completion of a
third-party, arm's length engineering and assessment report which
is reviewing and commenting on the Company's findings on the WPE
Project. The summary and conclusions of this report will be made
available once received by the Company.
About Intertech Solutions Inc. (OTCPK: ITEC)
Intertech Solutions is a fully integrated, gold project finance,
management and services consulting Company that provides
development capital, engineering, project supervision and technical
management to gold projects. The Company operates from its offices
in Scottsdale, Arizona. Visit us
at:www.itecgold.com
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things, scope
and type of consulting services provided by ITEC, use of proceeds,
future acquisitions, success of projects, growth and strategic
plans. Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
petroleum exploration and development stage exploration companies.
These forward-looking statements are made as of the date of this
news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that the beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our annual
report on Form 10-K for the most recent fiscal year, our quarterly
reports on Form 10-Q and other periodic reports filed from
time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Intertech Solutions Inc.
Robert
McIntosh
President, C.E.O.
To find out more about Intertech Solutions Inc. (OTCPK: ITEC),
visit our website at www.itecgold.com
Investor Relations:
+1-480-296-2065
investors@Intertechsolutionsinc.com
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SOURCE Intertech Solutions Inc.
