Nuvolt Corporation Inc.
TSX VENTURE : NCO

Nuvolt Corporation Inc.

December 29, 2014 19:07 ET

Nuvolt Corporation Announces the Deposit of its Annual Financial Results as at August 31, 2014 as Well as the Date of its Annual Meeting

LEVIS, QUEBEC--(Marketwired - Dec. 29, 2014) - Nuvolt Corporation Inc. (« Nuvolt ») (TSX VENTURE:NCO) announces the filling of its annual financial results for the year ended August 31, 2014.

Highlights:

  • Implementation of an action plan, following the private placement concluded in February 2014, involving changes in management and a new business model;

  • Development of the high-capacity sensor;

  • Sales turnover of $1,432,000, as compared to $1,633,000 for the previous year.

The annual financial statements and the management report can be view on the System for Electronic Documents Analysis and Retrieval (SEDAR), available at www.sedar.com.

Moreover, NUVOLT informs the public that its Annual General Meeting will be held at 4 p.m. on February 24, 2015. All shareholders are welcome to attend the meeting.

About Nuvolt Corporation Inc.

Nuvolt has developed a unique expertise, along with patented technologies in the field of real-time monitoring and predictive management of electrical failures. Its SmartScantm system converts analogue power related data into actionable knowledge and business intelligence (BI), providing operations executives the ability to prevent equipment failures and production downtime thereby reducing mission critical system failures. Additional benefits include reducing fire risks and increasing machine lifecycles, while keeping service costs in line. Furthermore, the complete suites of Agrivolttm products are respected references in the detection, management and mitigation of leakage current. It has been proudly serving the agriculture market for more than 20 years and is still providing proven productivity benefits to its international customers. www.nuvolt.ca

Certain statements contained in this press release constitute forward-looking information. Such statements are based on the current expectations of management. You are cautioned that such statements can be subject to a multitude of risks and uncertainties that could cause actual results, future circumstances or events to differ materially from those projected in the forward-looking information. The reader should not place undue reliance on the forward-looking information included in this press release given that (i) actual results could differ materially from a conclusion, forecast or projection in the forward-looking information, and (ii) certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information could prove to be inaccurate. There is no guarantee that the proposed Private Placement can be completed on the terms described in this press release. The Private Placement is still subject to the entering into of definitive agreements and various conditions, as described in this press release. These statements speak only as of the date they are made, and Nuvolt assumes no obligation to revise such statements as a result of any event, circumstance or otherwise, except in accordance with law.

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.

Contact Information

  • Mr. Pierre-Andre Meunier
    President and CEO
    (418) 833-0773
    (418) 833-4055 (FAX)