Remarks C00924-2015

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Xurpas Inc.X

PSE Disclosure Form 4-33 - Voluntary Trading Halt

Subject of the Disclosure

Voluntary trading halt in view of Xurpas' acquisition of a 51% stake in Storm Flex Systems, Inc.

Background/Description of the Disclosure

On February 26, 2015, Xurpas and Storm signed a deal that would give Xurpas 37,565 shares or a 51% stake in Storm, for a total consideration of US$4.3. million. Storm is a human resource consultancy firm which has developed a proprietary platform called the "flex benefits system" that allows employees to convert their employee benefits to other benefits such as gadgets and dining, a private carpool system, doctor consultations on demand, and even donations for charitable causes.

Stock Symbol(s) of Affected Securities


Trading Halt Details
Execution Date Feb 27, 2015
Execution Time 9:00 a.m.
Lifting Date Feb 27, 2015
Lifting Time 10:00 a.m.
Reason(s) for the request

In light of the material transaction entered into by Xurpas, the Issuer requests for a trading halt to ensure that the investing public will fully understand the transaction.

Other Relevant Information


Filed on behalf by:
Name Mark Gorriceta
Designation Assistant Chief Information Officer