Napier Environmental Technologies Inc.
TSX : NIR

Napier Environmental Technologies Inc.

May 14, 2008 14:25 ET

Napier Reports First Quarter 2008 Financial Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 14, 2008) - Napier Environmental Technologies Inc. (TSX:NIR) is reporting its financial results for the first quarter of 2008. The financial statements, accompanying notes and Management's Discussion and Analysis as at and for the three months ended March 31, 2008 were filed today. Interested parties may access these documents at www.sedar.com or on the company's website at www.napiere.com.

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.

Steve Balmer, President and COO

Napier Environmental Technologies Inc.

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, the lack of a market to provide the ability to buy or sell shares, not completing the transaction with Freeworld, risks related to future sales, the going concern status of Napier, historical losses and cash flow, the future need for capital and uncertainty of additional financing being available, 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 March 31, 2008 and filed with the British Columbia and Ontario securities commissions and the Toronto Stock Exchange, which can be found on SEDAR at www.sedar.com. 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
    (604) 526-7772 (FAX)
    Website: www.napiere.com