Perlite Canada Inc.

Perlite Canada Inc.

March 31, 2010 17:42 ET

Perlite Canada Inc. Announces its Results for the First Quarter of 2010

MONTREAL, QUEBEC--(Marketwire - March 31, 2010) - Perlite Canada inc. (the «Company») (TSX VENTURE:PCI) announces hereby the results for its first quarter 2010 ended on January 31, 2010 (the "1st Quarter 2010").

The Company's sales totals $1,608,171 for the 1st Quarter 2010 compared to $1,341,460 for the first quarter of the fiscal year 2009, an increase of approximately 20%.

The Company posted a net loss of $66,334 during the 1st Quarter 2010 compared to a net loss of $226,323 for the first quarter of the fiscal year 2009.

Management is satisfied by sales generated by the Company during the 1st Quarter 2010. It anticipates that the consolidation of the Company's operations to its plants located in Lachine, Quebec and Saint-Pacome, Quebec after the shut-down of its Baie-du-Febvre plant on March 1, 2010 together with its rationalisation efforts, will improve its profit margin in the next quarters.

Perlite Canada inc. has become a leading company in Canada 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.

This press release contains forward-looking statements to which are associated some risks and uncertainties. Any statement contained in this present press release that does not constitute an historical fact can be considered as a forward-looking statement. In this present press release, verbs such as "believe", "anticipate", "assess" and other similar expressions indicate generally forward-looking statements. Those statements do not warrant as for the future performance of Perlite Canada inc. and they suppose known and unknown risks as well as uncertainties in such a way that true future perspectives, returns or results of the Company may be notably different of future returns or results expressed or implied by these forward-looking statements.

The TSX Venture Exchange is not responsible for the truth or accuracy of this press release.

Contact Information

  • Perlite Canada Inc.
    Richard Barabe or Martin Joyal
    514-336-6651 (FAX)