Core Viewpoint - Reeflex Solutions Inc. has received a management cease trade order (MCTO) from the Alberta Securities Commission due to the inability to file its audited annual financial statements by the required deadline [1][2]. Group 1: Management Cease Trade Order (MCTO) - The MCTO restricts the Company's CEO and CFO from trading in the Company's securities until the Annual Filings are completed, but it does not affect the general investing public's ability to trade [2]. - The Company applied for the MCTO because it could not file its audited annual financial statements, management's discussion and analysis, and related CEO and CFO certifications for the financial year ended August 31, 2025, by the deadline of December 29, 2025 [2]. Group 2: Transition and Audit Challenges - The Company transitioned from a private, family-owned business to a public company through a reverse takeover transaction on May 16, 2025, and acquired Coil Solutions Inc. on May 15, 2025 [3]. - The year-end was changed from December 31, 2025, to August 31, 2025, to align with its operating subsidiary, CSI [3]. - The new auditor, MNP LLP, indicated that the interim financial statements for the quarter ended May 31, 2025, need to be restated to reflect CSI's results from the acquisition date, which has delayed the audit of the year-end results and the preparation of the Annual Filings [3]. Group 3: Filing Expectations and Compliance - The Company is working diligently to complete the Annual Filings and the restatement of its Q3 Filings, expecting to finalize these by approximately January 29, 2025 [4]. - The Company will issue bi-weekly status reports as required under NP 12-203 until the Annual Filings are completed [4]. - As of the announcement date, the Company confirms no material changes regarding the default, no failures in fulfilling stated intentions, and no other specified defaults under NP 12-203 [5]. Group 4: Company Overview - Reeflex Solutions Inc. provides advanced engineering and manufacturing solutions across various sectors, including coiled tubing injectors and downhole tools for the oil and gas industry through its subsidiary, Coil Solutions Inc. [6].

Core Viewpoint - Reeflex Solutions Inc. is unable to meet the December 29, 2025 filing deadline for its audited annual financial statements due to the complexity of transitioning to an IFRS-compliant public company following a reverse takeover and acquisition [1][2] Group 1: Filing Delays and Restatements - The company intends to restate its interim financial statements for the quarter ended May 31, 2025, to reflect results only from the acquisition date of May 15, 2025, in accordance with IFRS [2] - The timeline for completing the audit and preparing the annual filings has been extended due to first-time public company audit requirements [2][3] Group 2: Management Cease Trade Order (MCTO) - The company has applied for a Management Cease Trade Order (MCTO) from the Alberta Securities Commission, which would restrict the CEO and CFO from trading in the company's securities until the required filings are made [4] - The MCTO will not affect the general investing public's ability to trade in the company's common shares [4] Group 3: Operational Performance - The restatement of the Q3 filings is technical and does not impact the company's core operations, customer relationships, or business momentum [6] - The company continues to execute on manufacturing and international growth initiatives, including receiving $2.6 million in purchase orders for products in Saudi Arabia and a $3.4 million contract for product design and manufacturing [6]

Core Points - Reeflex Solutions Inc. is unable to meet the December 29, 2025 filing deadline for its audited annual financial statements and intends to restate its interim financial statements for the quarter ended May 31, 2025 [1][2] - The delay is due to the complexity of the audit process and the transition from a privately held company to an IFRS-compliant public company following a reverse takeover transaction [2] - The company has engaged a new auditor, MNP LLP, and changed its year-end to August 31, 2025, to align with its subsidiary Coil Solutions Inc. [2] Required Filings - The company is working diligently with its auditor to complete the required filings and expects to finalize them around January 29, 2025 [3] - The restatement of the Q3 filings is necessary to reflect the results of Coil Solutions Inc. only from the acquisition date of May 15, 2025, in accordance with IFRS [2] Management Cease Trade Order (MCTO) - Reeflex has applied for a Management Cease Trade Order (MCTO) from the Alberta Securities Commission, which, if granted, will restrict the CEO and CFO from trading in the company's securities until the required filings are made [4] - The MCTO will not affect the general investing public's ability to trade in the company's common shares [4] Business Performance - The restatement of the Q3 filings is technical and does not impact the company's core operations, customer relationships, or business momentum [6] - Reeflex continues to execute on its manufacturing and international growth initiatives, having received $2.6 million in purchase orders for products in Saudi Arabia and a $3.4 million contract for product design and manufacturing [6] - The company confirms it has sufficient working capital to fund its day-to-day operations [6]

Core Points - Reeflex Solutions Inc. announced a $3.4 million contract awarded to its subsidiary, Coil Solutions Inc., to design and manufacture a customized mast-style coiled tubing rig for Iron Horse Energy Services [1][4] - Iron Horse, recently acquired by Trican Well Service Ltd., is recognized for its expertise in coiled tubing and fracturing services in the Western Canadian Sedimentary Basin [2][5] - The new rig will be engineered for larger-diameter tubing, extended-reach wells, high pull loads, enhanced cold-weather performance, and improved operator safety [3] Company Overview - Reeflex Solutions Inc. provides advanced engineering and manufacturing solutions across various sectors, with a focus on the oil and gas industry through its subsidiary, Coil Solutions Inc. [6] - Ranglar Manufacturing, a division of Coil Solutions Inc., specializes in custom-designed mobile equipment for industrial applications [6] Industry Context - Iron Horse Energy Services has over 20 years of experience in delivering high-quality coiled tubing and fracturing services, establishing itself as a trusted partner in the energy sector across Alberta, British Columbia, and Saskatchewan [5]

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Reeflex Solutions Inc. (TSXV: RFX) (“Reeflex” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Coil Solutions Inc. (“CSI”), has received purchase orders totaling approximately $2.6 million for the supply of six (6) CSI 160,000-lb coiled tubing injectors. The injectors will be installed on coiled tubing drilling units that will be deployed by a ...

Company Overview - Reeflex Solutions Inc. is a Canadian company that provides advanced engineering and manufacturing solutions across various industry sectors [3] - The company operates through its wholly-owned subsidiary, Coil Solutions Inc., which offers coiled tubing injectors and downhole tools specifically for the oil and gas sector [3] - Reeflex's manufacturing division, Ranglar Manufacturing, specializes in custom-designed mobile equipment for a diverse range of industrial applications [3] Leadership Insights - John Babic, the President and CEO of Reeflex Solutions Inc., shared insights about the company's operations and strategies in an interview with TMX Group [1]

Core Points - Reeflex Solutions Inc. has successfully continued its operations from Ontario to Alberta under the Business Corporations Act (Alberta) [1] - Shareholders approved the continuance during the Annual and Special Meeting held on August 29, 2025 [1] - The company has updated its articles and bylaws in accordance with the ABCA, while the CUSIP/ISIN numbers and stock symbol remain unchanged [2] - The TSX Venture Exchange has granted final approval for the continuance [2] Company Overview - Reeflex Solutions Inc. is a Canadian company providing advanced engineering and manufacturing solutions across various sectors [3] - The company operates through its subsidiary, Coil Solutions Inc., which offers coiled tubing injectors and downhole tools for the oil and gas industry [3] - The manufacturing division, Ranglar Manufacturing, specializes in custom-designed mobile equipment for diverse industrial applications [3]

Core Points - Reeflex Solutions Inc. has entered into an exclusive distribution agreement with Roch IB Corp. for the marketing and sale of its products in South America [1][2] - The agreement grants Roch IB the exclusive rights to market and sell downhole tools, coiled tubing injectors, associated equipment, and mobile coiled tubing units [2] - The initial term of the agreement is 12 months, with automatic renewals for successive 24-month periods unless terminated by either party [2][3] - There are no minimum purchase obligations in the agreement, and products will be supplied under CSI's standard terms of sale [3] - The agreement allows for termination by either party under specific conditions, including breach or insolvency [4] Company Information - Reeflex Solutions Inc. is a public company providing advanced engineering and manufacturing solutions across various industry sectors, particularly in the oil and gas sector through its subsidiary Coil Solutions Inc. [6] - Coil Solutions Inc. specializes in coil tubing injectors and downhole tools, while the manufacturing division, Ranglar Manufacturing, focuses on custom-designed mobile equipment for industrial applications [6] - Roch IB Corp. is a privately-held Canadian company with interests in real estate, oil and gas, and sustainable energy, operating in both Canadian and international markets [5]

Core Points - Reeflex Solutions Inc. held its Annual General and Special Meeting of Shareholders on August 29, 2025, with 30,783,820 common shares voted, representing approximately 66.3% of the outstanding shares [2][5] - All matters proposed in the Management Information Circular dated July 18, 2025, were approved by shareholders, including the election of directors and the appointment of auditors [2][5] - The election results for the directors showed overwhelming support, with all nominees receiving over 99.9% of votes in favor [2][5] Company Overview - Reeflex Solutions Inc. is a public company that provides advanced engineering and manufacturing solutions across various industries [3] - The company operates through its subsidiary, Coil Solutions Inc., which specializes in coil tubing injectors and downhole tools for the oil and gas sector [3] - The manufacturing division, Ranglar Manufacturing, focuses on custom-designed mobile equipment for a wide range of industrial applications [3]

Core Points - Reeflex Solutions Inc. has renewed and expanded its distribution agreement with GOES GmbH, enhancing its market presence in Europe and select regions in Eurasia and South Asia [1][2][3] - The agreement grants GOES exclusive rights for sales and service of Coil Solutions Inc. products in the specified territories, along with continued technical support and collaboration [2][3] - The renewed agreement is effective for 24 months, indicating a strong partnership and commitment to delivering reliable equipment solutions [3] Company Overview - Reeflex Solutions Inc. operates through its subsidiary, Coil Solutions Inc., which specializes in coiled tubing injectors and downhole tools for the oil and gas sector [5] - GOES GmbH is a prominent European manufacturer of pumping and stimulation equipment for the oil and gas industry, providing a range of services including hydraulic fracturing and drilling [4]