EVOLVED DIGITAL SYSTEMS INC. REMEDIAL REVIEW
Montréal, (Québec, Canada) – October 24, 2007 / CNW / - 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
Source:
Evolved Digital Systems Inc.
Contact:
Linda Willis
Vice President and Controller
615-850-3029
E-mail: linda.willis@evolveddigital.com
The TSX has neither approved nor disapproved the information contained herein.
FOR IMMEDIATE RELEASE