BADEN TECHNOLOGIES INC.
TSX VENTURE : BDZ

BADEN TECHNOLOGIES INC.

August 28, 2009 16:47 ET

Baden Announces 2009 Second Quarter Financial Results

CALGARY, ALBERTA--(Marketwire - Aug. 28, 2009) - Richard Ball, Chief Executive Officer of Baden Technologies Inc. (TSX VENTURE:BDZ), is pleased to announce financial results for the three and six months ended June 30, 2009.

The second quarter of 2009 saw a record increase in gross revenue over the same period in 2008. Reduced economic activity, particularly in the Fort McMurray, Alberta region, resulted in downward pressure on the Company's prices and margins. Despite the foregoing, the Company's net loss in the second quarter of $124,908 marked a $140,680 improvement over the same quarter last year and net income of $137,584 for the first half of 2009 improved by $233,350 over the loss incurred over the same period last year. Revenue for the quarter of $4,075,088 increased $3,198,068 or 365% over the same quarter last year.



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Financial Highlights Quarter ended Quarter ended
June 30, 2009 June 30, 2008
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Revenue $ 4,075,088 $ 877,020
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Earnings (loss) before interest, taxes,
depreciation and amortization (EBITDA) (67,960) (216,439)
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Profit (Loss) for the period (124,908) (265,588)
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- per share (weight average, basic) $ (0.01) $ (0.01)
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Complete financial statements are available on www.sedar.com.

Through its wholly owned subsidiary FSI International Services Ltd., Baden Technologies Inc. is a Calgary-based manufacturing and service company specializing in customized filtration, filtration-related technologies and Brine Plants for the international and domestic energy and chemical industries.

This press release contains forward-looking statements subject to various risk factors and uncertainties, which may cause the actual results, performances or achievements of Baden to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, fluctuations in the market for oil and gas and related products and services, political and economic conditions, the demand for services provided by Baden, industry competition and Baden's ability to attract and retain both customers and key personnel.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Baden Technologies Inc.
    Richard Ball
    President and CEO
    (403) 571-4230
    (403) 230-3106 (FAX)