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NCO

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Share Name Share Symbol Market Type
TSXV:NCO TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Nuvolt Corporation Announces the Deposit of Its Quarterly Financial Statements as at November 30, 2013, the Date of Its Annua...

30/01/2014 8:56pm

Marketwired Canada


Nuvolt Corporation Inc. ("Nuvolt") (TSX VENTURE:NCO) announces the filling of
its quarterly financial statements, for the first quarter of the fiscal year
2013-2014, ended November 30, 2013.


"The Company is pleased with sales in the agriculture market, which tends to
stability. Excluding the Legacy Farm project which represented a turnover of
$120,000 for the same quarter of the previous year, sales performance for the
quarter ended November 30, 2013 is the same as for the quarter ended November
30, 2012." says Mr. Gilles Roy, Chief Executive Officer. "Actions taken during
the quarter to conclude new agreements with farm equipment distributors and
electrical contractors, in Canada and in the U.S, should bring tangible results
in the coming months." concludes Mr. Roy. 


Highlights:



--  Turnover decreased by 27% for the quarter, as compared to the same
    quarter of last fiscal year;

--  Net loss of $586,000 ($0.0399/share) for the quarter ended November 30,
    2013, as compared to $653,000 ($0.0445/share) for the quarter ended
    November 30, 2012.



The quarterly financial statements and the management report can be view on the
System for Electronic Documents Analysis and Retrieval (SEDAR), available at
www.sedar.com.


NUVOLT informs the public that its Annual General and Special Meeting will be
held at 4 p.m. on March 13, 2014. All shareholders are welcome to attend the
meeting.


In connection with the expiration of the contract of the current President and
Chief Executive Officer of Nuvolt, Mr. Gilles Roy, the Company has appointed, on
an interim basis, Mr. Pierre-Andre Meunier as President and Chief Executive
Officer of Nuvolt, effective on February 1, 2014, until the closing of the
previously announced non-brokered private placement of up to 40,000,000 units of
Nuvolt, at which time it is expected that Mr. Meunier will be appointed on a
permanent basis.


About Nuvolt Corporation Inc.

Nuvolt has developed a specialized expertise in the monitoring and the
management systems for electrical failures, power quality, the detection and
neutralization of leakage current for the agriculture, maritime, commercial and
industrial markets. SmartScan is now available to the agriculture market. The
SmartScan system has the ability to predict an electrical failure on equipment
and electrical networks. It could prevent equipment failures and production
downtime on production assembly lines and commercial buildings and also fire
risks. The ShipScan, for the maritime market, and the SmartScan Pro, for the
industrial market were launched in September 2012.


Certain statements contained in this press release constitute forward-looking
information. Such statements are based on the current expectations of
management. You are cautioned that such statements can be subject to a multitude
of risks and uncertainties that could cause actual results, future circumstances
or events to differ materially from those projected in the forward-looking
information. The reader should not place undue reliance on the forward-looking
information included in this press release given that (i) actual results could
differ materially from a conclusion, forecast or projection in the
forward-looking information, and (ii) certain material factors or assumptions
were applied in drawing a conclusion or making a forecast or projection as
reflected in the forward-looking information could prove to be inaccurate. There
is no guarantee that the proposed Private Placement can be completed on the
terms described in this press release. The Private Placement is still subject to
the entering into of definitive agreements and various conditions, as described
in this press release. These statements speak only as of the date they are made,
and Nuvolt assumes no obligation to revise such statements as a result of any
event, circumstance or otherwise, except in accordance with law.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gilles Roy, CEO
Phone: (418) 833-0773
(418) 833-4055 (FAX)

1 Year Nuvolt Corporation Inc. Chart

1 Year Nuvolt Corporation Inc. Chart

1 Month Nuvolt Corporation Inc. Chart

1 Month Nuvolt Corporation Inc. Chart