Napier Environmental Technologies Inc.

Napier Environmental Technologies Inc.

March 31, 2006 18:00 ET

Napier Reports 2005 Financial Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 31, 2006) - Napier Environmental Technologies Inc. (TSX:NIR) is reporting its financial results for the year ended December 31, 2005. The financial statements, accompanying notes and Management's Discussion and Analysis as at and for the year ended December 31, 2005 were filed today. Interested parties may access these documents at or on the company's website at

Napier is a Canadian company primarily engaged in the development, manufacture and distribution of a wide range of products utilizing environmentally advanced technology. The product lines include coating removal and wood restoration products for both the industrial/commercial market and the consumer/retail market.

This release and referenced materials contain forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in Napier's forward-looking statements. Such factors include, among others, risks related to going concern status of Napier, historical losses and cash flow, the future need for capital and uncertainty of additional financing being available, the continuation of listing on the Toronto Stock Exchange, the potential dilution to shareholders, the volatility of the market price of the common shares, the historical lack of dividend payments, competition, dependence on key personnel, dependence on key customers, weather, seasonality and economic cycles, the availability of raw materials, the retail industry and the influence of economic conditions and consumer behavior, exchange rate fluctuations and conflicts of interest. For further details regarding such risk factors, see the section entitled "Description of the Business - Risk Factors" in Napier's annual information form dated August 26th, 2005 and filed with the British Columbia and Ontario securities commissions and the Toronto Stock Exchange, which can be found on SEDAR at Although Napier has attempted to identify important factors that could cause actual actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Contact Information

  • Napier Environmental Technologies Inc.
    Steve Balmer
    President and COO
    (604) 526-0802
    Napier Environmental Technologies Inc.
    Konstantine Tsakumis
    Corporate Communications
    (604) 526-0802
    (604) 526-7772 (FAX)