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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Bluemetric Environmental, Inc. | TSXV:SET | 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 | - |
Three Months Ended November 30 2008 2007 (unaudited) (unaudited) $ 000 $ 000 ------------------------------------------------ Revenue 2,369 1,654 Net Income (Loss) 10 (154) Earnings (Loss) per share 0.00 (0.00)
"Despite the very challenging economic environment Seprotech has delivered improved results for the First Quarter", said Martin Hauschild, President & CEO of Seprotech. "Revenues were up over 43 percent compared to the same period last year and our margins continue to improve as we begin to fully leverage the acquisition of P J Hannah Equipment Sales Corporation and monetize the benefits of the cost savings activities that we implemented."
During the First Quarter, management continued to work towards building a water utility. Seprotech today announced the acquisition of an experienced water and wastewater treatment plant operations company, with historical annual revenues of approximately $2M CAD. Management believes that it can achieve growing consistent revenues through the utility business and increased growth through the water technology systems business.
"The company remains committed to technology investments. We continue to invest in R&D activities that include patent filings for wastewater treatment and water-recycling through California 'Title 22' Certification for CrystalBlue," continued Hauschild, "When the global economy and particularly US economy turns, Seprotech will be well positioned with its strong IP base to address the growing demand for water. We see CrystalBlue(TM) water recycling technology as the Company's primary growth driver in the future."
Seprotech is a provider and operator of pre-engineered water and wastewater treatment plants to the land development, resource sector and military market place, including CrystalBlue(TM) membrane-based water recycling systems and the ROTORDISK® wastewater treatment systems.
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. Some of the statements in this press release, including those relating to the Company's strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates" or similar expressions, are forward-looking statements within the meaning of securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. The Company does not undertake any obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.
Contacts: Seprotech Systems Incorporated Mr. Robert J. Searle, CFO Investor Relations 613-523-1641 613-731-0851 (FAX)
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