Roadman Investments Comments on SEC Order

Tickers: XTSX:LITT, PINX:RMANF
Tags: #Bioceuticals, #Pharmaceuticals



April 17, 2020 - TheNewswire - VANCOUVER, British Columbia - Roadman Investments Corp. (TSXV:LITT)(FWB:1QD)(OTC:RMANF) ("Roadman Investments" or the "Company") announces that after trading hours on April 10, 2020 the Securities and Exchange Commission ("SEC") issued an Order (the "Order") in the public interest and protection of investors requiring a suspension in the trading of securities of Roadman Investments Corp. pursuant to Section 12(k) of the Securities Exchange Act of 1934. Under such Order trading in the securities of the Company in the United States is suspended for the period from 9:30 a.m. EDT, on April 13, 2020 through 11:59 p.m. EDT on April 24, 2020. The Order cites: "The Commission temporarily suspended trading in the securities of RMANF because of questions regarding the accuracy and adequacy of information in the marketplace disseminated by RMANF in at least twelve news releases since February 12, 2020. Those questions relate to statements RMANF made about its commercialization of cedar leaf oil as a promising treatment for COVID-19."

The Company has contacted the SEC to request details relating to their questions that formed the basis of the suspension but has not received any specific information from the SEC. The Company is eager to address any concerns the SEC has with its disclosures. The Company recently clarified some of its prior disclosures in its press release dated March 30, 2020 (filed March 31, 2020 on SEDAR) and encourages investors to read these clarifications.

The Company is communicating with the TSX Venture Exchange regarding the implications of the SEC order. The Company is a reporting issuer in British Columbia and Alberta. Neither the British Columbia Securities Commission nor the Alberta Securities Commission have issued a cease trade order against the Company's securities following the Order. However, the Company's shares will likely remain halted in Canada pending clarification of the SEC's concerns regarding the Company's disclosure.

Under Section 12(k) of the Act, the Commission is authorized to suspend trading in any security for a period not exceeding 10 business days if, in its opinion, is necessary to protect the public interest and investors. Following the suspension, limited or "unsolicited" trading can occur when a broker or adviser has not solicited or recommended such a transaction but broker-dealers will need to comply with Rule 15c2-11 prior to entering quotations relating to RMANF's securities.

About Roadman Investments

Roadman Investments is a Canadian Venture Capital and Advisory Firm that strives to actively drive innovation and accelerate growth within its portfolio holdings. Roadman invests capital into companies that offer breakthrough products, devices, treatments and health supplements.

Luke Montaine

CEO, Director

Roadman Investments Corp.

604-760-8755

Luke@roadmancorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, potential positive outcomes or effects with cedar leaf oil vapor and any potential further studies conducted, sourcing or manufacturing an appropriate diffuser, other statements relating to the financial and business prospects of the Company, and other matters.

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks.

Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, increase in costs, litigation, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

Copyright (c) 2020 TheNewswire - All rights reserved.

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