Press Releases: 2015

Automodular Announces De-listing by Toronto Stock Exchange and Application for Listing on NEX

PICKERING: July 16, 2015:

Automodular Corporation (“Automodular” or the “Company”) (TSX:AM) announced today that the Continued Listing Committee of Toronto Stock Exchange (the “TSX”), following the previously announced 120-day Remedial Review Process, has determined that the Company no longer meets the criteria for continued listing on the TSX since the Company is not actively engaged in ongoing business. Accordingly, the Company’s common shares will be de-listed from the TSX on August 14, 2015.

The Company also announces that it has applied to list its common shares on NEX, a separate board of the TSX Venture Exchange. Automodular believes that it satisfies all requirements for listing on NEX and is working with TSX and NEX to coordinate the listing of its common shares on NEX concurrent with the de-listing from the TSX.

For further information, contact:

Christopher Nutt
President and CEO
Automodular Corporation
(905) 420-0200
invest@automodular.com

This press release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are market and general economic conditions and the risk factors detailed from time to time in the Company’s periodic reports filed with the Canadian securities regulatory authorities and on SEDAR at www.sedar.com. Readers are cautioned not to rely on forward-looking statements. Except as required under continuous disclosure obligations, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Automodular does not provide financial outlooks.