Winalta Inc.
TSX VENTURE : WTA.A

Winalta Inc.

January 22, 2007 13:17 ET

Winalta Inc. Releases Results for the Year Ended October 31, 2006

EDMONTON, ALBERTA--(CCNMatthews - Jan. 22, 2007) - Winalta Inc.(TSX VENTURE:WTA.A):

The financial results for the year ended October 31, 2006 are now released and available at www.sedar.com.

The Company reports a net loss of $4.6 million for the year ended October 31, 2006 on revenues of $78 million compared to $0.9 million on revenues of $86 million for the year ended October 31, 2005.

The new management team that was announced in the latter part of 2006 is clearly focused on substantially improved results for 2007. Demand for Winalta products is expected to remain strong in all areas of its operations. As a result, and with the implementation of improved pricing strategies in 2007 as well as numerous initiatives to improve productivity, profitability is expected to improve substantially.

Winalta Inc. and through its subsidiaries, is a land developer in Western Canada as well as a producer of manufactured and modular CSA certified homes and site-built homes. In addition through its wholly-owned subsidiary, Vanguard Inc. manufactures industrial trailers and camps at North Battleford. Saskatchewan.

Winalta Inc. shares trade on the TSX Venture Exchange under the symbol "WTA.A".

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

Contact Information

  • Winalta Inc.
    Artie Kos
    President and CEO
    (780) 960-6900