Enssolutions Group Inc.

Enssolutions Group Inc.

December 10, 2015 16:56 ET

Enssolutions Group Announces Filing of Quarterly Interim Financial Statements and MD&A

TORONTO, ONTARIO--(Marketwired - Dec. 10, 2015) - Enssolutions Group Inc. (TSX VENTURE:ENV.H) (OTC PINK:NSLSF) ("Enssolutions" or the "Company"), a manufacturer and distributor of an environmentally responsible emulsion product for a wide variety of industrial and commercial market demands, is pleased to announce the filing of its Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2015, and the comparative 2014 financial statements along with management's discussion and analysis. The Company has also today filed its 2015 Q1 and Q2 financial statements and related MD&A. All of the foregoing are available at www.sedar.com. The Company confirmed that with its public company reporting now current, it is making applications to the applicable regulatory authorities to lift the outstanding cease trade orders related to its late filings.

James Griffiths, Interim Chief Executive Officer, commented "I am pleased to have the Company's reporting back on track and that its 2015 revenue growth has resulted from focused sales efforts which are expected to continue in 2016."

Financial Results

Certain of the Company's financial results for the three and nine months ending September 30, 2015, and 2014 are presented in the table below:

Quarter Ended Quarter Ended Nine Months Nine Months
September 30, September 30, Ended Ended
2015 2014 September 30, 2015 September 30, 2014
$ $ $ $
Revenues 1,041,342 701,533 2,092,563 1,329,288
Operating (Loss) (231,106 ) (210,141 ) (986,561 ) (922,144 )
Net (Loss) (219,845 ) (248,054 ) (967,035 ) (934,995 )
Basic and Diluted Loss per
Share 0.01 0.01 0.01 0.01
Assets 1,071,318 869,692
Liabilities 4,472,312 2,163,505
Shareholders' Equity (Deficit) (3,400,994 ) (1,293,813 )

"As we continue to grow revenue our next focus will be on bringing profit to the bottom line" said Debra Zarbock, CFO.

About Enssolutions

Enssolutions manufactures, distributes and applies environmentally responsible products to meet a wide variety of industrial and commercial market demands. Enssolutions provides engineered environmental solutions for mine tailings control, process dust and erosion control, granular stabilization, road construction/maintenance and stockpile sealing. It has production facilities in Beamsville, Ontario and Glendale, Arizona that service some of North America's largest mining, steel, cement, and road construction/maintenance companies as well as numerous public road authorities.

For more information on Enssolutions, please visit www.enssolutions.com.

Certain information in this news release constitutes forward-looking statements. When used in this news release, the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company's public disclosure documents. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward- looking statements contained in this news release are expressly qualified by this cautionary statement.

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.

Contact Information