American Aires Provides Update on Cease Trade Order

Toronto, Ontario–(Newsfile Corp. – August 26, 2022) – American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) (the “Company” or “Aires“) announces that further to its press releases of May 9, 2022, June 23, 2022, and August 2, 2022, the Company experienced delays associated with the completion of its annual audit due to difficulties in obtaining third-party shipping data from some of the Company’s fulfillment centres. The Company is pleased to report it has made progress towards bringing its annual audit to conclusion.

The Company is working diligently with its auditors to conclude the audit process and, at the earliest possible time, file its audited annual financial statements, management discussion and analysis and certificates of the Chief Executive Officer and Chief Financial Officer (collectively, the “Annual Continuous Disclosure Documents“) which were due to be filed on May 2,…



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