Seprotech Reports Third Quarter Financial Results.OTTAWA -- Seprotech Systems Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:SET) announced a profit of $118K for its third quarter ending May 31, 2005. The performance of the company in the third quarter reflects a 12% increase in revenues compared to the same quarter in 2004. During the nine-month period ending May 31, 2005, revenue decreased marginally over the previous year to$4,018K and at the end of the third quarter, the cumulative loss for the year is $234K
FINANCIAL HIGHLIGHTS
Period Ended May 31
Three Months Nine Months
2005 2004 2005 2004
$000 $000 $000 $000
------------------------------------------------------
Revenue 1,618 1,439 4,018 4,068
Net Income (Loss) 118 86 (234) 87
Earnings (Loss) per share 0.00 0.00 (0.01) 0.00
"The previous quarter is a clear demonstration of the benefits of our balanced approach to markets", said Dr. Gilles Turcotte, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We experienced a consistent performance from all of our market areas and we anticipate that the current strength of the mining industry combined with growth in the property development market, present excellent opportunities for us going forward.I am also pleased to report that our standardization investments are largely complete and that these investments in technical and operational efficiency will allow us to increase our revenue base without a corresponding increase in costs. Although it remains difficult to predict the exact timing of sales in a given quarter, we are well positioned for the coming year." "Seprotech has been making great strides in technical innovation" added Justin Connidis, Chairman."The company is seeing a growing rate of inquiries for our new line products such as the Clementine Clementine forty-niner’s drowned daughter; “lost and gone forever.” [Am. Music: Leach, 236] See : Grief (TM), a mobile wastewater treatment plant Wastewater treatment plant also called wastewater treatment works
adj. Of, relating to, or containing phosphorus, especially with a valence of 3 or a valence lower than that of a comparable phosphoric compound. treatment system ROTORDISK P-03(TM)? as our technology achieves clear, predictable and stable results which are unmatched by any other technology available in the marketplace.It takes time to overcome the status quo [Latin, The existing state of things at any given date.] Status quo ante bellum means the state of things before the war. The status quo to be preserved by a preliminary injunction is the last actual, peaceable, uncontested status which preceded the pending controversy. in the environmental market but the shattering of technical barriers demonstrates Seprotech's status as a leading provider of water and wastewater treatment technologies in its market segments." About Seprotech Seprotech is an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 company that is listed on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors SET. The Company is a provider of environmental solutions in water and wastewater to the land development, industrial and military marketplace using its proprietary membrane and biological technologies.These include the ROTORDISK(R) and Clementine package wastewater treatment plants and advanced tertiary treatment processes for Phosphorous and Nitrate removal. The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.Certain statements in this news release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Such statements involve known and unknown risks, uncertainties and other factors that may cause the actual achievements to differ materially from those expressed in the forward-looking statements. Seprotech does not assume responsibility for the accuracy and completeness of the forward-looking statements and do not undertake any obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. Seprotech Systems Inc. (TSX VENTURE:SET) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion