International Water-Guard Industries Inc.

International Water-Guard Industries Inc.

May 03, 2007 09:30 ET

IWG Announces Second Quarter Results-Fiscal 2007

BURNABY, BRITISH COLUMBIA--(CCNMatthews - May 3, 2007) - International Water-Guard Industries Inc. (TSX VENTURE:IWG) reported sales during the second quarter in fiscal 2007 of $1,149,646, an increase of 24% above the previous year. Second quarter net earnings were $176,464 compared to net earnings of $113,642 in the prior year's second quarter.

Six month sales to March 31st were $2,163,330 compared to $1,719,317 in the prior year. Six month net earnings were $311,742 compared to net earnings of $185,764 a year earlier, an increase of 68%.

The results for the quarter provide 0.5 cents net earnings per share in the current quarter (0.9 cents year to date), compared to net earnings of 0.3 cents per share in the second quarter of the prior year (0.6 cents year to date) on both a basic and fully diluted basis.

International Water-Guard is a Canadian aerospace company focusing on aircraft potable water treatment and full water system solutions. IWG has expertise in all aspects of water treatment, and has the products and know-how to provide high quality water for passengers and crew, and light weight, space saving solutions for the aircraft operator.

On behalf of the Board of Directors

International Water-Guard Industries Inc.

David C. Fox, President and CEO

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

Contact Information

  • International Water-Guard Industries Inc.
    David C. Fox
    President and CEO
    (604) 255-5555 or 1-800-667-0331
    (604) 255-5685 (FAX)
    Badshah Communications Group Ltd.
    Investor Relations Contact
    (604) 408-7522 or Toll Free: 1-866-857-7522