NEWMARKET, Ont., December 16, 2022 (GLOBE NEWSWIRE) — AirBoss of America Corp. BOSABSSF (the “Company” or “AirBoss”) announced today that it has become aware that a complaint has been served in the Ontario Superior Court (under the Class Proceedings Act, 1992) against AirBoss and several named officers. The case was initiated by Jonathan A. Callowhill and Shane Chambers, who are applying for permission to continue the case Securities Act (Ontario) to certify the proceeding as a class action and appoint them as representative plaintiffs. Mr. Callowhill owns 2,400 shares of AirBoss and Mr. Chambers owns 6,000 shares of AirBoss. Among other things, they require a statement that the company has provided false information that contradicts this Securities Act (Ontario) during a period from November 9, 2021 to September 6, 2022 and unspecified damages.

The complaint has not yet been formally served on the defendants. The company intends to vigorously defend itself against this matter.

DISCLAIMER FOR AIRBOSS FORWARD-LOOKING INFORMATION

Certain statements contained herein or incorporated by reference, including those expressing management’s expectations or estimates regarding future developments or the future performance of AirBoss, constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws and may be generally identified by words such as “will”, “may”, “could”, “expect”, “believe”, “anticipate”, “forecast”, “plan”, “intend” or similar expressions. These statements are not historical facts, but instead represent management’s expectations, estimates and projections regarding future events and performance. The forward-looking statements in this press release relate to the lawsuit filed against the Company and the Company’s intention to defend itself against any such lawsuit.

Statements that contain forward-looking information are necessarily based on a number of …