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PVI

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0.00 (0.00%)
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 Provides Operational Update

24/12/2012 1:00pm

Marketwired Canada


Pro-Trans Ventures Inc. ("Pro-Trans" or the "Corporation") (TSX VENTURE:PVI) is
providing an operational update related to the current fourth quarter of 2012. 


The Corporation's principal operating subsidiary, Maple Leaf Loading Ltd.
("Maple Leaf"), has encountered certain market and operational challenges during
the fourth quarter of 2012, including the following:




a.  continued weakness in metallurgical coal pricing has had a negative
    impact on the volumes available for transport from Maple Leaf's customer
    base; and 
b.  the transportation capacity of Maple Leaf was temporarily impacted by a
    one-time mechanical problem which temporarily grounded a portion of its
    trucking fleet.



Based on these factors, the Corporation anticipates a significant decline in the
revenues of Maple Leaf as compared to the fourth quarter of 2011. The
Corporation expects that this will have a significant negative impact on the
Corporation's earnings in the fourth quarter of 2012.


Brian Murray, the President and Chief Executive Officer of Pro-Trans stated,
"The Corporation is taking the necessary steps to deal with what is expected to
be a decline in volumes to be transported by shedding affected assets and
contractor services. In addition, repairs are ongoing to deal with a mechanical
issue that is expected to be fully resolved by the beginning of 2013."


"Despite the current challenges in our traditional marketplace, we believe that
there continue to be some excellent opportunities to further expand Maple Leaf's
presence in the Canadian coal and other mining sectors", he added. 


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 Loading Ltd., 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.


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, future opportunities of the
Corporation and the completion of mechanical repairs on certain of Maple Leaf's
fleet. 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 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

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