Solutions4CO2 Inc. Announces Financial Results for Three Month Period Ended March 31, 2014
2014年5月30日 - 5:40AM
Marketwired
Solutions4CO2 Inc. Announces Financial Results for Three Month
Period Ended March 31, 2014
TORONTO, ONTARIO--(Marketwired - May 29, 2014) - Solutions4CO2
Inc. (TSX-VENTURE:SFC) ("S4CO2" or the "Company") today reported
operational and financial results as at and for the 3 month-period
ended March 31, 2014. In this press release, all amounts are
expressed in Canadian dollars and results are reported in
accordance with International Financial Reporting Standards
(IFRS).
For the first quarter ended March 31, 2014, the Company
generated a net loss and comprehensive net loss of $712,508, or
$0.01 per basic and fully-diluted loss per share. The loss includes
$25,187 of losses attributable to its joint-venture activities. The
Company also reported cash used for operating activities for the
period totalling $433,641.
All of the Company's financial statements and management's
discussion and analyses are available under its profile at
www.sedar.com.
About Solutions4CO2 Inc:
Solutions4CO2 is a Canadian company that develops innovative
waste-gas, water, biomass to high-value co-product solutions using
proprietary and licensed technologies under the trademarks
Integrated Biogas Refinery™ ("IBR") and Bio-Extraction Process™
("BEP"). The IBR integrates best in class technologies to convert
various organic waste streams into high-value algae co-products.
The BEP utilizes a liquid to liquid solvent extraction process to
extract and fractionate high-value co-products from shrimp
by-products. Solution4CO2's business model allows the company to
participate in joint-venture projects with partners across the
waste-to-high-value co-product value chain, or sell projects on a
design, build, operate and maintain basis.
Forward-looking Statements
This news release may contain forward-looking statements
that are based on Solutions4CO2's expectations,
estimates and projections regarding its business and the economic
environment in which it operates. These statements are not
guarantees of future performance and involve risks and
uncertainties that are difficult to control or predict. Therefore,
actual outcomes and results may differ materially from those
expressed in these forward-looking statements and readers should
not place undue reliance on such statements. Statements speak only
as of the date on which they are made, and the Company undertakes
no obligation to update them publicly to reflect new information or
the occurrence of future events or circumstances, unless otherwise
required to do so by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Solutions4CO2 Inc.Douglas Kemp-WelchCEO416-803-9435, extension
101Solutions4CO2 Inc.Dil VashiManager Corporate
Development416-803-9435, extension 104www.s4co2.com
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