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PVI

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Share Name Share Symbol Market Type
TSXV:PVI 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 -

Pro-Trans Announces Financial Results for Year Ending December 31, 2012

29/04/2013 11:17pm

Marketwired Canada


Pro-Trans Ventures Inc. ("Pro-Trans" or the "Corporation") (TSX VENTURE:PVI) is
pleased to announce the Corporation's financial results for the year ending
2012. 


The Corporation's revenue for the year was $63.6 million, as compared to $15.6
million for the previous year reflecting the first full year of revenue after
the Corporation's acquisition of Maple Leaf Loading Ltd. ("Maple Leaf"). This
revenue resulted in EBITDA of $5.2 million and comprehensive income of
approximately $645,000 or $.03 per share. This compares with EBITDA of $1.6
million and a comprehensive loss of $(322,000) or $(.02) per share in 2011.


For the 4th quarter, revenue was $10.3 million compared to $15.3 million
generated in the 4th quarter of 2011. EBITDA was $(1.2 million) compared to $1.6
million in Q4 of 2011. A comprehensive loss of $(1.8 million) compares to income
of $473,274 in the 4th quarter of 2011. The resulting loss per share was $(.07)
compared to income of $.02.


Brian Murray, the President and Chief Executive Officer of Pro-Trans stated, "We
faced a trying situation in the 4th quarter at Maple Leaf as lower coal prices
severely impacted volumes to be transported. In addition, difficult winter
conditions and a one time maintenance issue with our core fleet, put significant
pressure on operating expenses resulting in a loss for the quarter for the
Corporation."


"We continue to believe that the long term fundamentals remain strong for
Canadian coal and other mining sectors. However, in the short term, there remain
challenges within our customer base with regard to worldwide demand and pricing
for commodities along with a risk of further volatility. We anticipate that the
modest rebound in commodity pricing in Q1 will translate to a return to more
normal circumstances throughout 2013", he added.


Audited Consolidated Financial Statements of the Corporation for the financial
years ended December 31, 2012 and 2011 have been filed on SEDAR at www.sedar.com
along with the associated Management's Discussion and Analysis.


About Pro-Trans

Pro-Trans is a Calgary based public company listed on the TSX Venture Exchange.
The Company is actively involved in specialized transportation and logistics
services within Western Canada, primarily through its' wholly owned subsidiary,
Maple Leaf, based in Prince George, B.C. Maple Leaf, a mining support company,
offers specialized transportation services related to the management, handling
and transportation of coal and ore concentrates for customers involved in the
mining industry in B.C., Alberta, and the Yukon.


Non-IFRS Measures

Earnings Before Interest Taxes Depreciation and Amortization ("EBITDA") is a
measurement intended to provide useful insight into Results of Operations before
financing costs, taxes, depreciation and amortization. EBITDA is not an earnings
measure recognized by IFRS and does not have a standardized meaning prescribed
by IFRS. Readers are cautioned that EBITDA should not be construed as an
alternative to net income as determined in accordance with IFRS.


EBITDA is determined by beginning with earnings from operations as determined in
accordance with GAAP then adding back any long term interest expense, provisions
for taxes, depreciation and amortization included in earnings from operations. A
reconciliation of net income to EBITDA is provided in the Management's
Discussion and Analysis referenced above.


Forward-Looking Information

This press release contains certain statements or disclosures relating to
Pro-Trans that are based on the expectations of Pro-Trans as well as assumptions
made by and information currently available to Pro-Trans which may constitute
forward-looking information under applicable securities laws. In particular,
this press release contains forward-looking information related to the future
financial performance of the Corporation and the outlook for the Canadian mining
industry in general. Such forward looking information involves material
assumptions and known and unknown risks and uncertainties, certain of which are
beyond Pro-Trans' control. Many factors could cause the performance or
achievement by Pro-Trans to be materially different from any future results,
performance or achievements that may be expressed or implied by such forward
looking information. Pro-Trans' Annual Information Form, Management's Discussion
and Analysis and other documents filed with securities regulatory authorities
(accessible through the SEDAR website at www.sedar.com) describe the risks,
material assumptions and other factors that could influence actual results and
which are incorporated herein by reference. Pro-Trans disclaims any intention or
obligation to publicly update or revise any forward looking information, whether
as a result of new information, future events or otherwise, except as may be
expressly required by applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pro-Trans Ventures Inc.
Brian Murray
President and Chief Executive Officer
(403) 452-7270
bmurray@protransventures.com


Pro-Trans Ventures Inc.
Derrek Wong
Chief Financial Officer
(403) 452-7055
dwong@protransventures.com

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