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Share Name | Share Symbol | Market | Type |
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Mcvicar Industries Inc. | TSXV:MCV | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
TORONTO, May 1, 2013 /CNW/ - McVicar Industries Inc. ("McVicar" or the "Company") today announces that the Company has filed its audited consolidated financial results for the fiscal year ended December 31, 2012. The audited consolidated financial statements and Management Discussion and Analysis can be downloaded from www.SEDAR.com. All amounts are in Canadian dollars unless otherwise noted.
McVicar had an exciting year in its Technology products group with the 100% acquisition of Jite, and in its Chemical products group with the purchase of property in an industrial park in China and the 100% ownership of Changlong. The acquisitions will greatly enhance its operations and future growth.
Year 2012 Financial Highlights
During the year 2012, the Company, both the chemical products group and the technology products group, achieved considerable profitability.
2012 Business Developments
About McVicar
McVicar Industries Inc., headquartered in Toronto, Canada, is focused on investments and acquisitions of businesses in China. At present, McVicar has operations in both electronic components and specialty chemicals in four operations in China.
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE McVicar Industries Inc.
Copyright 2013 Canada NewsWire
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