Novik Inc. (TSXV:NVK)
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QUEBEC, June 22, 2011 /CNW/ --
QUEBEC, June 22, 2011 /CNW Telbec/ - (TSXV: NVK) - Mr. Michel Gaudreau,
President and CEO of Novik Inc., is pleased to announce that the
company has achieved record monthly sales for the month of May. Mr.
Gaudreau explains, "We have delivered orders of more than $3.3M to our
clients in May which is a record for monthly sales since Novik first
started. Our previous record was also in May of last year when we
delivered orders worth $2.9M. This growth in sales can be put down to
an increase in orders received from our European and Mexican
distributors as well as warm weather returning to the North American
territory."
Mr. Gaudreau adds, "This trend is continuing into June and we should
achieve a similar level of sales. This could mean that for its second
quarter Novik will be able to announce a growth in sales for a seventh
consecutive quarter compared to the same period in the previous year.
The current quarter should also be a record quarter for Novik sales.
We also believe we will maintain the same growth rate in sales of 15%
that we achieved in the first quarter of this year."
Mr. Gaudreau ends by noting, "We are continuing to maintain our current
growth in sales while ensuring that profits are higher than those of
previous years. Our current situation means that we are optimistic of
hitting our targets for the 2011 financial year."
About NOVIK
Novik (NVK) is a leader in the design, manufacture and distribution of
innovative polymer exterior siding, roofing coverings and accessories
that replace traditional materials such as stone, brick or wood
shingles. These products target the world-wide residential and
commercial construction industry.
Forward-looking statements contained in this press release involve
known and unknown risks, uncertainties or other factors that may cause
actual results, performance or achievements of the company to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/June2011/22/c8421.html
p bSource: /b /p p Novik Inc. /p p bFor further information/b: /p p Michel Gaudreaubr/ Presidentbr/ Tel. : (418) 878-6161br/ E-mail : a href="mailto:micgau@novik.com"micgau@novik.com/a /p p Pascal Bouthotbr/ Vice-President, Financesbr/ Tel. : (418) 878-6161br/ E-mail : a href="mailto:pasbou@novik.com"pasbou@novik.com/a /p