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NXX

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Share Name Share Symbol Market Type
TSXV:NXX 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 -

Nordex Explosives Ltd. : Record Sales for Fourth Quarter 2013 and Increased Sales for January and February 2014

18/03/2014 12:00pm

Marketwired Canada


NORDEX EXPLOSIVES LTD. ("Nordex" or the "Corporation") (TSX VENTURE:NXX) is
pleased to announce record sales of approximately $4,875,000 in the fourth
quarter of 2013 and increased sales in the first two months of 2014 in the
amount of approximately $3,400,000. Nordex is working to increase its market
share through the introduction of proprietary explosive products to existing and
new customers, and announced the signing of a letter of intent to further expand
operations into Western Canada on March 11, 2014.


Fourth Quarter sales of approximately $4,875,000 represents an increase of about
$791,493 or a 19% increase from the previous year's fourth Quarter sales of
$4,083,507; and about a $2,099,327 or 75% increase over the Corporation's 2011
fourth quarter gross sales of $2,775,673.


Through the first two months of 2014, Nordex has generated approximate sales of
$3,400,000, which represents an increase of $1,163,545 or a 52% increase from
the first two months of 2013 sales of $2,236,455; and a $1,354,505 or 66%
increase over the first two months sales of 2012 of $2,045,495. 




                            Fourth Quarter Sales                            
----------------------------------------------------------------------------
                                             Q4 2013     Q4 2012     Q4 2011
                                        ------------------------------------
Sales                                     $4,875,000  $4,083,507  $2,775,673
Total increase over same period in 2011   $2,099,327  $1,307,834            
Accumulated % increase over same period                                     
 in 2011                                       75.6%       47.1%            
                                                                            
                         January and February Sales                         
----------------------------------------------------------------------------
                                      Jan/Feb 2014 Jan/Feb 2013 Jan/Feb 2012
                                     ---------------------------------------
Sales                                   $3,400,000   $2,236,455   $2,045,495
Total increase over same period in                                          
 2012                                   $1,354,505     $190,960             
Accumulated % increase over same                                            
 period in 2012                              66.2%         9.3%             



Jim Taylor, President And CEO states; "The increase in sales is a direct
reflection of the increased acceptance of our proprietary products and support
equipment developed over the last couple of years. We have proven the quality of
these products and are now poised to continue increasing our market share of the
explosives industry. It is anticipated we can continue to grow with further
exposure of our products as they are introduced into new geographic regions. We
are proud to state that Nordex is the only Canadian manufacturer of explosives
and trust this will be an important factor when consumers determine their
explosives supplier of choice."


About Nordex Explosives

Nordex Explosives Ltd. is a Canadian based manufacturer and distributor of
explosives for the mining, quarry and construction industries since 1970. Its
manufacturing operations and distribution centre is strategically located in one
of the world's largest mining regions near Kirkland Lake, Ontario. Nordex is the
exclusive supplier of the "Buttbuster" perimeter control explosive products in
Canada. Additional information can be found at www.nordexexplosives.com.


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


The financial information in respect of gross sales for the periods indicated
set out in this news release is presented on a basis consistent with the
accounting principles used to prepare Nordex' most recently filed financial
statements. Readers are advised that the Company faces various risk factors with
respect to its business and operations: for further information please see the
Management Discussion and Analysis reports of Nordex at www.SEDAR.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Capital Ideas IR
Dean Stuart
403 517 2270
dean@boardmarker.net


Jim Taylor, President and CEO
705 642 3265 extension 203
jtaylor@nordexexplosives.com

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1 Year Nordex Explosives Ltd. Chart

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1 Month Nordex Explosives Ltd. Chart