BADEN TECHNOLOGIES INC.
TSX VENTURE : BDZ

BADEN TECHNOLOGIES INC.

November 30, 2009 14:50 ET

Baden Announces 2009 Third Quarter Financial Results; Return to Profitability

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

The third quarter of 2009 saw stability in year-over-year gross revenue, but also featured stronger profit margins due to aggressive cost-cutting. The Company's net profit in the third quarter of $104,176 marked a 110% improvement over the same quarter last year, and net income of $241,760 for the first nine months of 2009 improved by $287,980 over the loss incurred during same period last year. Year-to-date revenue increased by 80% to $6,314,623 over the same period last year.



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Financial Highlights Quarter ended Quarter ended
September 30, 2009 September 30, 2008
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Revenue $1,366,372 $1,612,326
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Earnings (loss) before interest,
taxes, depreciation and
amortization (EBITDA) 159,779 100,820
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Profit (Loss) for the period 104,176 49,546
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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)