StreetInsider.com News Articles

American Aires Provides Update on Liquidity Position, Strategic Review and Ongoing Litigation

Fri, 17 Apr 2026 20:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - April 17, 2026) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) (the "Company") issues this update regarding its liquidity position, its ongoing strategic review, and its previously disclosed litigation.

As previously disclosed, the Company is pursuing legal proceedings against certain former officers and related parties (the "Litigation") in connection with alleged misconduct and related matters. The Litigation is ongoing, and the Company continues to actively pursue its claims.

As disclosed in the Company's prior press release, the Company's former auditor resigned from its engagement. As a result of that resignation and the ongoing matters described herein, the Company

American Aires Provides Update on Liquidity Position, Strategic Review and Ongoing Litigation

Fri, 17 Apr 2026 20:00:00 -0400

As disclosed in the Company's prior press release, the Company's former auditor resigned from its engagement. As a result of that resignation and the ongoing matters described herein, the Company

American Aires Inc. Announces Change of Auditor

Tue, 07 Apr 2026 18:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - April 7, 2026) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) (the "Company") announces that the Company's auditors, AGT Partners LLP ("AGT"), have withdrawn and resigned as auditor of the Company, effective April 6, 2026, and will not complete the audit or issue an auditor's report on the Company's financial statements for the year ended December 31, 2025.

AGT has advised that its withdrawal and resignation relate to a previously identified and publicly disclosed governance and internal control weakness relating to United States sales tax compliance, which, in AGT's professional judgment, remains in the process of remediation

American Aires Inc. Announces Change of Auditor

Tue, 07 Apr 2026 18:00:00 -0400

American Aires Inc. Files Legal Proceedings Against Former Executive

Fri, 13 Mar 2026 17:15:00 -0400

Toronto, Ontario--(Newsfile Corp. - March 13, 2026) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) (the "Company") today announced that it has filed legal proceedings in the Ontario Superior Court of Justice against its former President and Chief Product Officer, Dimitry Serov, and his holding company, Serov Holdings Inc. (together, the "Defendants").

The claim arises out of matters previously disclosed by the Company in connection with the investigation conducted by the Company's independent special committee of the board of directors (the "Special Committee"), which was formed in August 2025.

The Special Committee's conclusions were based on an extensive review of documentary evidence,

American Aires Inc. Files Legal Proceedings Against Former Executive

Fri, 13 Mar 2026 17:15:00 -0400

The Special Committee's conclusions were based on an extensive review of documentary evidence,

Aires Enters Collaboration Agreement with Leading Wellness Expert Gary Brecka's Brand, The Ultimate Human

Mon, 02 Feb 2026 06:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - February 2, 2026) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) ("Aires" or the "Company"), a pioneer in advanced technology designed to transform electromagnetic field (EMF) environments to support health and well-being, entered a Collaboration Agreement (the "Agreement") with the Ultimate Human, LLC, the legal entity behind influencer Gary Brecka's wellness brand, The Ultimate Human ("TUH"). The one-year Agreement commenced on January 1, 2026, and is designed to introduce TUH's global, wellness-focused audience to Aires' Electromagnetic Field (EMF) protection solutions. During the Agreement term, followers of the The Ultimate Human will be able to learn

Aires Enters Collaboration Agreement with Leading Wellness Expert Gary Brecka's Brand, The Ultimate Human

Mon, 02 Feb 2026 06:00:00 -0400

Aires Announces Record Q3/2025 Revenue of $7.4 Million and 61% YoY Sales Growth and Discusses Factors Related to Liquidity and Continuing Operations

Wed, 26 Nov 2025 18:00:00 -0400

Gross Profit increased 73% YoY
Gross Margin increased 500 basis points to 68%
Adjusted EBITDA loss reported at $1.46M vs $1.17M in year-ago quarter
Near-term business objectives are focused on preserving cash, stabilizing operations, and securing the financial resources required to support continuity of operations

Toronto, Ontario--(Newsfile Corp. - November 26, 2025) - American Aires Inc. (CSE: WiFi) (OTCQB: AAIRF) ("Aires" or the "Company"), a pioneer in advanced technology designed to transform electromagnetic field (EMF) environments to support health and well-being, announces filing its unaudited Q3/2025 results on https://www.sedarplus.ca. Unless otherwise indicated, all dollar amounts are reported in Canadian dollars.

During the three

Aires Announces Record Q3/2025 Revenue of $7.4 Million and 61% YoY Sales Growth and Discusses Factors Related to Liquidity and Continuing Operations

Wed, 26 Nov 2025 18:00:00 -0400

Gross Profit increased 73% YoY
Gross Margin increased 500 basis points to 68%
Adjusted EBITDA loss reported at $1.46M vs $1.17M in year-ago quarter
Near-term business objectives are focused on preserving cash, stabilizing operations, and securing the financial resources required to support continuity of operations

During the three

Aires Partnership with WWE Creates First-Ever EMF-Friendly WWE Wrestling Match & Measurable Business Results

Mon, 06 Oct 2025 06:00:00 -0400

News of the event tapped into publishing reach of over 96 million in 72 hours¹
Aires' brand received significant exposure before, during & after the match
Aires website & sales saw notable, attributable increases during the event

Toronto, Ontario--(Newsfile Corp. - October 6, 2025) - American Aires Inc. (CSE:WIFI) (OTCQB:AAIRF) ("Aires" or the "Company"), a pioneer in advanced technology designed to transform electromagnetic field (EMF) environments to support health and well-being, collaborated in an enhanced marketing integration with WWE before and during their Wrestlepalooza event featuring Jimmy and Jey Uso vs. Bron Breakker and Bronson Reed at the Gainbridge Fieldhouse in Indianapolis,

Aires Partnership with WWE Creates First-Ever EMF-Friendly WWE Wrestling Match & Measurable Business Results

Mon, 06 Oct 2025 06:00:00 -0400

News of the event tapped into publishing reach of over 96 million in 72 hours¹
Aires' brand received significant exposure before, during & after the match
Aires website & sales saw notable, attributable increases during the event

American Aires Inc. Announces Resignation of Director and Update on Annual General Meeting of Shareholders

Thu, 18 Sep 2025 08:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - September 18, 2025) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) (the "Company") today announced that Mr. Dimitry Serov ("Mr. Serov") has resigned from the Board of Directors (the "Board") and advised that he will not be standing for re-election at the upcoming annual general meeting of shareholders (the "AGM"), scheduled for Thursday, September 18, 2025.

As previously disclosed in the Company's press release dated August 29, 2025, the Special Committee of the Board made certain determinations regarding Mr. Serov's conduct in his role as a director and officer. In light of those determinations, the Board had

American Aires Inc. Announces Resignation of Director and Update on Annual General Meeting of Shareholders

Thu, 18 Sep 2025 08:00:00 -0400

Aires Announces Record Q2 2025 Revenue of $6.0 Million & 115% YoY Sales Growth

Tue, 02 Sep 2025 06:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - September 2, 2025) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) ("Aires" or the "Company"), a pioneer in advanced technology designed to transform electromagnetic field (EMF) environments to support health and well-being, announces filing its unaudited Q2/2025 results on https://www.sedarplus.ca. Unless otherwise indicated, all dollar amounts are reported in Canadian dollars.

During the three months ended June 30, 2025, the Company's reported sales increased by 115% year-over-year, for a second quarter record of $6.0 million compared to sales of $2.8 million in the year ago quarter. The quarter's increase in reported sales was driven largely

Aires Announces Record Q2 2025 Revenue of $6.0 Million & 115% YoY Sales Growth

Tue, 02 Sep 2025 06:00:00 -0400

American Aires Inc. Announces Business Continuity and Governance Actions Following Special Committee Review

Fri, 29 Aug 2025 22:30:00 -0400

Toronto, Ontario--(Newsfile Corp. - August 29, 2025) - American Aires Inc. (CSE: WiFi) (OTCQB: AAIRF) (the "Company") today announced that its Board of Directors (the "Board") convened a Special Committee (the "Special Committee"), consisting of all directors other than Mr. Dimitry Serov ("Dimitry"), to review matters relating to Dimitry, the Company's Founder, President and Chief Product Officer, and a director of the Company.

Preliminary Findings

The Board has determined, that Dimitry engaged in serious misconduct and breach of his fiduciary duties and obligations as director and officer of the Company. More particularly, the Special Committee's investigation confirmed, among other things, that:

American Aires Inc. Announces Business Continuity and Governance Actions Following Special Committee Review

Fri, 29 Aug 2025 22:30:00 -0400

Preliminary Findings

Aires Hosts Two First-Ever Events: Demo Day Symposium at UFC's Performance Institute & Roundtable on Environmental Wellness

Mon, 07 Jul 2025 06:00:00 -0400

World-class participants included UFC's Dr. Duncan French, Gary Brecka, UFC fighter Michael Chandler, NASCAR driver Chad Finchum, HGTV host Sarah Baeumler, and Biohack Yourself Media's TereZa & Anthony Lolli
Explored the influence of electromagnetic environments on sleep, stress, physical recovery & cognition
Aires premiered video demonstration of the Company's performance-enhancing tech

Toronto, Ontario--(Newsfile Corp. - July 7, 2025) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) ("Aires" or the "Company"), a pioneer in advanced technology designed to optimize electromagnetic field (EMF) environments to support health and well-being, hosted two first-ever events in Las Vegas, Nevada, on June 25 and 26, 2025 (see

Aires Hosts Two First-Ever Events: Demo Day Symposium at UFC's Performance Institute & Roundtable on Environmental Wellness

Mon, 07 Jul 2025 06:00:00 -0400

World-class participants included UFC's Dr. Duncan French, Gary Brecka, UFC fighter Michael Chandler, NASCAR driver Chad Finchum, HGTV host Sarah Baeumler, and Biohack Yourself Media's TereZa & Anthony Lolli
Explored the influence of electromagnetic environments on sleep, stress, physical recovery & cognition
Aires premiered video demonstration of the Company's performance-enhancing tech

Aires Announces Record First Quarter 2025 Revenue of $5.38 Million & 164% YoY Sales Growth

Mon, 26 May 2025 16:30:00 -0400

Gross Profit increased 184% YoY
Gross Margin increased 500 basis points to 65%
2025 Guidance maintained: Sales of $28M to $32M, adjusted EBITDA of -$2M loss to $2M profit

Toronto, Ontario--(Newsfile Corp. - May 26, 2025) - American Aires Inc. (CSE: WiFi) (OTCQB: AAIRF) ("Aires" or the "Company"), a pioneer in advanced technology designed to optimize electromagnetic field (EMF) environments to support health and well-being, announces filing its unaudited Q1/2025 results on https://www.sedarplus.ca. Unless otherwise indicated, all dollar amounts are reported in Canadian dollars.

During the three months ended March 31, 2025, the Company's reported sales increased by 164% year-over-year, for a

Aires Announces Record First Quarter 2025 Revenue of $5.38 Million & 164% YoY Sales Growth

Mon, 26 May 2025 16:30:00 -0400

Gross Profit increased 184% YoY
Gross Margin increased 500 basis points to 65%
2025 Guidance maintained: Sales of $28M to $32M, adjusted EBITDA of -$2M loss to $2M profit

During the three months ended March 31, 2025, the Company's reported sales increased by 164% year-over-year, for a

Aires Activates Second Sponsorship Integration with NASCAR Driver Chad Finchum

Tue, 13 May 2025 06:00:00 -0400

Integration includes the NASCAR All-Star Open on Sunday, May 18 and NASCAR Cup Series Cracker Barrel 400 Race on Sunday, June 1

Installation of Aires products will optimize the electromagnetic field (EMF) environment surrounding Finchum & crew
Garage 66 Ford Mustang, Finchum & crew will prominently showcase Aires brand marks
NASCAR broadcasts reach 195 countries¹ with TV viewership of 3.3 million per race²

Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) ("Aires" or the "Company"), a pioneer in advanced technology designed to optimize electromagnetic field (EMF) environments to support health and well-being, has activated

Aires Activates Second Sponsorship Integration with NASCAR Driver Chad Finchum

Tue, 13 May 2025 06:00:00 -0400

Integration includes the NASCAR All-Star Open on Sunday, May 18 and NASCAR Cup Series Cracker Barrel 400 Race on Sunday, June 1

Installation of Aires products will optimize the electromagnetic field (EMF) environment surrounding Finchum & crew
Garage 66 Ford Mustang, Finchum & crew will prominently showcase Aires brand marks
NASCAR broadcasts reach 195 countries¹ with TV viewership of 3.3 million per race²

American Aires Announces Record Q4 and Annual 2024 Order Volume

Mon, 28 Apr 2025 09:17:00 -0400

Q4 Revenue: $8.6M for 130%⁷ YoY growth
Q4 Gross Profit Margin: up 400 basis points to 63%⁷ on cost-cutting strategies
Record annual sales of $18.0M for 73%⁷ YoY growth

Toronto, Ontario--(Newsfile Corp. - April 28, 2025) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) ("Aires" or the "Company"), a pioneer in advanced technology designed to protect against electromagnetic field (EMF) radiation and optimize human health, announces the filing of the Company's Financial Statements and Management's Discussion & Analysis (MD&A) for the fiscal year ended December 31, 2024 on SEDAR+. The Company previously disclosed key non-IFRS, preliminary and unaudited metrics on