Perlite Canada Inc.

Perlite Canada Inc.

March 28, 2007 15:13 ET

Perlite Canada Inc. Announces its Results for its First Quarter of 2007

MONTREAL, QUEBEC--(CCNMatthews - March 28, 2007) - Perlite Canada inc. (TSX VENTURE:PCI) (the "company") announces hereby the results of its first quarter 2007 ended on January 31st, 2007.

For that period, total sales were $1,202,768 generating a before-tax income of $87,217 compared to sales of $1,282,170 and a before-tax income of $172,376 for the first quarter of 2006. The diminution of the income before taxes is explained by a R&D expense of $60,000 together with unusual administration fees related to the shareholder rights plan taken December 6, 2006. The gross margin was 29% as at January 31st, 2007 compared to 26% as at January 31st, 2006. This increase is due to the diminution of our production costs related to the purchase of raw material in big quantity and a result of a tight production management.

Perlite Canada Inc. specializes in the processing, distribution and sale of perlite and vermiculite, two minerals used in industry and horticulture.

The common shares of Perlite Canada inc. are listed for trading on the TSX Venture Exchange.

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

Contact Information

  • Perlite Canada inc.
    Richard Barabe
    514-336-6665 / 984-9798
    514-336-6651 (FAX)