CEMATRIX Corporation

CEMATRIX Corporation

January 14, 2016 09:25 ET

CEMATRIX Corporation Exceeds $15 Million in Sales for 2015

CALGARY, ALBERTA--(Marketwired - Jan. 14, 2016) - CEMATRIX Corporation (TSX VENTURE:CVX) (the "Corporation" or the "Company" or "CEMATRIX") is pleased to announce that it's wholly owned subsidiary, CEMATRIX (Canada) Inc., exceeded its goal of a record $15 million in sales in 2015.

Although the final audited yearend results will not be released until March 2016, management is comfortable that it met it's forecast of $15 million in sales, as stated in early 2015. Management also believes that it has exceeded the forecasted EBITDA range of $2 - $2.5 million.

In addition, the Company has secured another $1.3 million in contracts, in aggregate, for construction projects in Canada. Total contracted work for 2016 is now $4.2 million.

"This is a significant achievement for 2015 and we expect continued growth for the foreseeable future", stated Mr. Kendrick, President and CEO of CEMATRIX., "the additional $1.3 million in contracts for 2016 puts the Company in a great position to start off the New Year the same way we started 2015 - strong sales in the off season."

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a manufacturer and supplier of technologically advanced cellular concrete products with applications in a variety of markets including oil and gas construction and infrastructure construction. Cellular concrete provides a cost and labour saving solution for various construction applications. Applications for cellular concrete include tunnel grouting; bridge abutment and retaining wall backfill; insulation of shallow utilities, roads and runways; insulation and/or structural foundations for tank bases and facilities; and as a floating base over weak and unstable or seismic prone soils, for roads and other types of infrastructure.

Neither 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.

Forward-looking information: This news release contains certain information that is forward looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", expect", "would' or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries' future financial and operations plans and outlook. All forward looking statements reflect CEMATRIX's beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation to update or revise forward looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX's Management Discussion and Analysis dated November 4, 2015 under CEMATRIX's profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.

Contact Information

  • CEMATRIX Corporation
    Jeff Kendrick
    President and Chief Executive Officer
    Phone: (403) 219-0484

    The Howard Group
    Jeff Walker
    Investor Relations
    Phone: (888) 221-0915 or (403) 221-0915