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INTERFIELD GLOBAL SOFTWARE INC.‎ ANNOUNCES FILING OF REQUIRED CONTINUOUS DISCLOSURES AND RESTATEMENT OF FINANCIAL STATEMENTS

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VANCOUVER, BC, June 14, 2024 /CNW/ – Interfield Global Software Inc. (Cboe CA: IFSS) (the ‎‎”Company”)‎ is pleased to announce that it has filed its (i) audited annual financial statements, management’s discussion and analysis (“MD&A”), annual information form and related ‎certifications for the year ended December 31, 2023 (collectively, the “Annual Filings”); and (ii) interim financial statements, MD&A and related certifications for the three months ended March 31, 2024 (collectively, the “Interim Filings”).

As more particularly set out in the Company’s news releases dated April 1, 2024 and June 6, 2024, on April 8, 2024 the British Columbia Securities Commission (“BCSC”) as  the principal regulator of the Company issued a failure-to-file cease trade order (the “FFCTO”) under ‎National Policy 11-207 Failure-To-File Cease Trade Orders And Revocations In Multiple Jurisdictions (“NP 11-207”) as a result of the Company’s failure to file its Annual Filings on or before April 2, 2024, as required under applicable securities laws. With the Annual Filings and Interim Filings now completed, the Company is up-to-date with its continuous disclosure obligations and will work with the BCSC towards a full revocation of the FFCTO. There can be no assurance, however, that a full revocation of the FFCTO will be granted and all of the Company’s securities will remain subject to the FFCTO until it is fully revoked.

Copies of the Annual Filings and the Interim Filings are available under the Company’s profile on SEDAR+ at www.sedarplus.com.

Restatement of Financial Statements

Subsequent to the completion of the reverse takeover transaction (“RTO”) of the Company with Interfield Solutions Ltd (“Interfield”) on February 15, 2023, the Company filed the audited consolidated annual financial statements of Interfield (being the RTO acquirer) for the year ended December 31, 2022 on March 31, 2023 (“2022 Subsidiary Financial Statements”). The Company has decided to restate the 2022 Subsidiary Financial Statements (the “2022 Restatement”) and therefore the 2022 Subsidiary Financial Statements cannot be relied upon. Similarly, any previously issued or filed reports, press releases, investor presentations or other Company communications describing the financial results or other financial information in connection with the 2022 Subsidiary Financial Statements should no longer be relied upon.  

The decision to restate followed a review conducted by the Company’s new auditor and management’s consideration of the appropriate application of International Financial Reporting Standards (IFRS) for the conversion of the Company’s previously issued and outstanding convertible debentures which were subsequently converted in connection with the RTO to common shares in the Company and the related valuation of common share purchase warrants issued upon the closing the RTO in February 2023, and the reversal of the capitalization of certain development expenses. The material changes to be included in the 2022 Restatement will affect the Company’s consolidated statement of financial position, consolidated statement of loss and comprehensive loss and consolidated statement of cash flows for the year ended December 31, 2022.  Please refer to Note 18 of the Company’s audited consolidated financial statements for the year ended December 31, 2023, available under the Company’s profile on SEDAR+ at www.sedarplus.com, for additional details on the 2022 Restatement.  

About Interfield Global Software Inc.

The Company is a publicly listed company, with its common shares listed on the Cboe Canada. (Cboe CA: IFSS) and operates out of Dubai, U.A.E through its wholly owned subsidiary, Interfield Software Solutions LLC (“Interfield Solutions”).

Interfield Solutions is a software company that services numerous industrial segments worldwide including oil and gas, mining and renewables. Interfield Solutions has two operating divisions, E-commerce and Software as a Service. Equipment Hound, the company’s flagship product of its E-commerce division, is an industrial equipment marketplace that connects buyers and suppliers around the globe. Equipment Hound manages a catalogue of equipment from various suppliers and provides procurement solutions for buyers. It includes features such as requests for quotes, logistics support and third-party verification. ToolSuite, the company’s flagship product of its Software as a Service division, is a cloud based data collection and management platform that digitizes industrial processes and provides real-time auditable data for clients.

ON BEHALF OF THE BOARD OF DIRECTORS

Harold Hemmerich

Harold Hemmerich, Chief Executive Officer & Director

Forward-Looking Statements Disclaimer and Reader Advisory

This news release contains “forward-looking information” within the meaning of applicable Canadian ‎securities legislation. All statements, other than statements of historical fact, included herein are forward-‎looking information. In particular, this news release contains forward-looking information regarding: the ‎revocation of the FFCTO and trading of the Company’s securities. ‎There can be no assurance that such forward-looking information will prove to be ‎accurate, and actual results and future events could differ materially from those anticipated in such ‎forward-looking information. This forward-looking information reflects the Company’s current beliefs and is based on ‎information currently available to the Company and on assumptions the Company believes are reasonable. These ‎assumptions include, but are not limited to the ability of the Company to complete the Annual Filings and Interim Filings in the noted ‎timeframe. Forward-looking information is subject to known and unknown risks, uncertainties and other factors ‎that may cause the actual results, level of activity, performance or achievements of the Company to be materially ‎different from those expressed or implied by such forward-looking information. Such risks and other ‎factors may include, but are not limited to: general business, economic, competitive, political and social ‎uncertainties; general capital market conditions and market prices for securities; delay or failure to receive ‎board or regulatory approvals; the actual results of future operations; competition; changes in legislation ‎‎affecting the Company; the timing and availability of external financing on acceptable terms; long-term capital ‎requirements and future developments in the Company’s markets and the markets in which it expects to ‎compete;‎  or loss of key individuals. A description of additional risk factors ‎that may cause actual results to differ materially from forward-looking information can be found in the Company’s ‎disclosure documents on SEDAR+ at www.sedarplus.com. Although the Company has attempted to identify ‎important factors that could cause actual results to differ materially from those contained in forward-‎looking information, there may be other factors that cause results not to be as anticipated, estimated or ‎intended. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further ‎cautioned not to place undue reliance on forward-looking information as there can be no assurance that ‎the plans, intentions or expectations upon which they are placed will occur. Forward-looking information ‎contained in this news release is expressly qualified by this cautionary statement. The forward-looking ‎information contained in this news release represents the expectations of the Company as of the date of this news ‎release and, accordingly, is subject to change after such date. However, the Company expressly disclaims any ‎intention or obligation to update or revise any forward-looking information, whether as a result of new ‎information, future events or otherwise, except as expressly required by applicable securities law.‎

No securities regulatory authority has either approved or disapproved the contents of this news release. The Cboe Canada Exchange does not accept responsibility for the adequacy or accuracy of this news release.

SOURCE Interfield Global Software Inc.

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Fresh Technology Launches “On the Fly” App to Help Restaurants Improve Kitchen Performance in Real Time

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New mobile app debuts at National Restaurant Association Show; brings KDS data to life with simple, actionable scoring for operators on the move

CHICAGO, May 17, 2025 /PRNewswire-PRWeb/ — Fresh Technology, the company behind Fresh KDS, today announced the launch of “On The Fly”, a new mobile app that gives restaurant operators a real-time kitchen score powered by actual KDS performance data. The app will debut at the National Restaurant Association Show in Chicago, where Fresh Technology is exhibiting for the first time.

Fresh KDS On The Fly puts the most important insights in the palm of your hand, where operators actually need them. It’s about turning complex data into immediate action.

Built to work seamlessly with Fresh KDS, “On The Fly” tracks speed of service, consistency, and kitchen activity to generate a simple, dynamic score that helps operators understand how their kitchen is performing—at a glance, from anywhere.

 

“Most kitchen data today is locked away in dashboards or buried in spreadsheets,” said Shaun Shankel, CEO of Fresh Technology. “On The Fly puts the most important insights in the palm of your hand, where operators actually need them. It’s about turning complex data into immediate action.”

The app is designed for everyone from single-store owners to multi-unit operators. Independent operators often don’t have the time or resources for deep data analysis. “On the Fly” gives them instant clarity, helping them spot issues and make improvements on the fly—no analyst required. At the same time, larger restaurant groups can use the app to push performance visibility and accountability all the way to the store level, bridging the gap between their analytics teams and front-line managers.

Fresh Technology sees “On the Fly” as the first in a series of tools aimed at redefining what a KDS can do. While most native KDS solutions focus solely on routing tickets, Fresh is using its platform to unlock deeper operational insights and deliver more value through data.

“Our goal is to move beyond the basics of ticket handling and help restaurants actually improve how they operate,” said Shankel. “By making data more accessible, understandable, and actionable, we can give operators a real edge—regardless of size.”

Visit Fresh Technology at Booth 8331

NRA Show attendees can demo “On the Fly” and see how it integrates with Fresh KDS at Booth 8331 in the tech pavilion. The app is now available to all Fresh KDS users via iOS and Android.

About Fresh Technology

Fresh Technology is the creator of Fresh KDS, a cloud-first kitchen display system used by thousands of restaurants nationwide. Known for its ease of use, reliability, and POS-agnostic design, Fresh KDS helps independent and multi-unit restaurants run faster, more consistent kitchens. Fresh Technology is committed to unlocking the power of kitchen data to help operators thrive.

Media Contact

David Corts, Fresh KDS, 1 615-480-4989, dcorts@freshtechnology.comhttps://www.fresh.technology

View original content to download multimedia:https://www.prweb.com/releases/fresh-technology-launches-on-the-fly-app-to-help-restaurants-improve-kitchen-performance-in-real-time-302456182.html

SOURCE Fresh KDS

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LaVivid Unveils Seamless Custom Hair System Experience: A Journey from Vision to Confidence

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LaVivid unveils a transformative custom hair system experience, blending artistry and innovation to restore confidence. Discover the journey from vision to reality.

CHINO, Calif., May 17, 2025 /PRNewswire-PRWeb/ — In an era where personal expression and self-confidence are paramount, LaVivid redefines the hair replacement industry with its bespoke hair system solutions. More than a product, a LaVivid custom hair system is a transformative experience designed to restore confidence, authenticity, and the freedom to embrace one’s true self. Today, the brand unveils its meticulously crafted process—from initial consultation to doorstep delivery—proving why it stands as a global leader in premium hair solutions.

“A custom hair system should never be a compromise—it’s a masterpiece you live in.” – LaVivid Chief Experience Officer

The LaVivid Promise: Where Artistry Meets Individuality

At LaVivid, we recognize that hair loss is deeply personal. Our mission transcends aesthetics; we deliver empowerment through hyper-personalized craftsmanship, cutting-edge materials, and unwavering customer care. Each custom order is a collaboration, ensuring every client receives a hair system that feels as natural as their own hair—because confidence begins with authenticity.

Step 1: Collaborative Design – Your Vision, Perfected

Beyond Transactions: A Partnership in Creation

The journey begins with an immersive consultation tailored to your unique needs. Clients may submit requests via LaVivid’s Custom Order Portal or connect directly with our hair experts. This dialogue ensures every detail aligns with your lifestyle, preferences, and aspirations.

Base Selection

Breathable lace? Undetectable thin skin? A hybrid for versatility? Our specialists guide you through material options, balancing comfort, durability, and realism.

Hair Customization

From jet-black waves to salt-and-pepper curls, we offer:

• 100% Remy Human Hair: Ethically sourced, handpicked for texture and luster.

• Tailored Color Blending: Precision-matched hues, including balayage, highlights, or natural graying patterns.

• Styling Flexibility: Straight, wavy, or curly—crafted to mirror natural growth patterns.

Final Approval

Clients receive a detailed quote, a visual mockup, and a secure payment link. Once confirmed, production begins with a clear timeline provided. Most custom orders can be completed within 4–5 weeks, thanks to the dedicated custom hair system team at the LaVivid factory.

Step 2: Artisan Craftsmanship – Precision in Every Strand

Custom-Fit Systems: The Signature Mold Process

For thin skin or full-cap systems requiring anatomical accuracy, LaVivid employs its proprietary mold technology:

1. Scalp Impression Kit: Easy-to-use templates ensure precise measurements.

2. Hand-Sculpted Perfection: Artisans create plaster molds for millimeter-perfect fit.

3. Secure Archiving: Molds are stored indefinitely, expediting future orders.

Behind the Scenes: Meticulous Handcrafting

• Base Construction: Medical-grade, hypoallergenic materials are double-layered for durability and comfort.

• Knot-by-Knot Artistry: Each strand is hand-tied to replicate natural follicular distribution—a process requiring weeks but guaranteeing undetectable realism.

• Styling Mastery: Hair direction and density are calibrated for seamless integration with existing hair.

Step 3: Rigorous Quality Assurance – Excellence Guaranteed

Every LaVivid hair system undergoes a 12-point inspection:

✓ Knot integrity and tension testing

✓ Density verification for natural movement

✓ Base durability and fit validation

✓ Final styling and conditioning

Only after surpassing these benchmarks is your system gently cleansed, styled, and prepared for shipment.

Step 4: Delivery & Lifelong Support – Confidence, Delivered

Upon arrival, clients unbox:

• Your Custom Masterpiece: Ready-to-wear, pre-styled for immediate use.

• Expert Care Guide: Prolong longevity with tailored maintenance tips.

• Dedicated Support: 24 access online customer services and hair system experts for 1-on-1 consultations.

The LaVivid Advantage

• Effortless Reorders: Archived molds enable one-click repeat purchases.

• End-to-End Guidance: From installation to styling, our experts empower you at every step.

• Sustainable Confidence: Designed to last, our systems empower you to live boldly—rain, sweat, or shine.

A New Chapter of Confidence Begins Today

“A custom hair system should never be a compromise,” LaVivid’s Chief Experience Officer. “We merge artisanal tradition with innovation to create solutions that aren’t just worn—they’re lived in.”

Begin Your Transformation

Visit [LaVividhair.com/Custom-Order] to start your journey. For inquiries, contact our hair experts at support@lavividhair.com or 1-833-879-0279.

About LaVivid

LaVivid is a global leader in premium non-surgical hair replacement solutions, serving clients across 30+ countries. Renowned for its handcrafted systems and client-centric ethos, the brand empowers individuals to reclaim their narrative through hair that looks, feels, and moves authentically.

Media Contact:

Lisa Liu

LavividHair Manager

LaVivid Hair Systems

service@lavividhair.com

1-833-879-0279.

https://www.lavividhair.com/

View original content to download multimedia:https://www.prweb.com/releases/lavivid-unveils-seamless-custom-hair-system-experience-a-journey-from-vision-to-confidence-302456478.html

SOURCE LaVivid

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Trensor Breaks Ground on First Factory in Malaysia

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SEBERANG PERAI, Malaysia, May 17, 2025 /PRNewswire/ — Trensor Electronics Sdn Bhd, the Malaysian subsidiary of Trensor Co Ltd—a leading manufacturer of automotive pressure sensors—held a groundbreaking ceremony to mark the commencement of construction on its new manufacturing plant at the Penang Technology Park @Bertam in Penang, Malaysia.

The new plant—a four-storey facility with an approximate floor area of 10,000 square meters and an estimated investment of RM100 million—is expected to begin mass production of automotive pressure sensors before Q2 2026. At full capacity, it will employ over 200 workers and generate more than RM200 million in annual sales. Trensor has also reserved space on its current land lots to accommodate future expansions.

The ceremony was attended by YAB Chow Kon Yeow, the Chief Minister of Penang, YB H’ng Mooi Lye, the Penang State Executive Councillor (EXCO) for Local Government and Town&Country Planning, as well as representatives from various local organizations, including the Malaysian Investment Development Authority (MIDA), Northern Corridor Implementation Authority (NCIA) and InvestPenang.

In his speech, YAB Chow Kon Yeow welcomed Trensor’s entry into Penang’s vibrant industrial ecosystem and emphasized its role in strengthening the state’s electrical and electronics value chain, particularly in automotive electronics.

Zhou Wenbo, General Manager of Trensor Electronics Sdn Bhd, stated: “The decision by Trensor Co Ltd to establish its first-ever overseas factory in Penang, Malaysia, was driven by the state’s world-class infrastructure, business-friendly governance, high quality of life, cultural affinity, and abundant pool of high-tech talent attracted to the ‘Silicon Valley of the East’.”

“MIDA, InvestPenang, the Seberang Perai City Council, and all local authorities have provided strong support in helping Trensor turn its globalization strategy into a concrete reality today,” Zhou added.

Trensor Co Ltd specializes in the development and manufacture of automotive pressure sensors, ranking highly in annual output, automation, and vertical integration. Its world-class products are included in the procurement systems of major global automakers such as Ford and Geely, as well as Tier 1 suppliers like Cummins and Hanon Systems. Approximately 60% of the company’s revenue is derived from exports, primarily to North America and Europe. Its pressure sensors are also used in the air conditioning systems of Perodua vehicles.

The Penang facility will support Trensor’s strategic expansion into Southeast Asia’s growing automotive markets and beyond.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/trensor-breaks-ground-on-first-factory-in-malaysia-302458329.html

SOURCE Trensor Co., Ltd

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