Perlite Canada Inc.

Perlite Canada Inc.

April 30, 2012 15:34 ET

Perlite Canada Inc. Announces its Results for the First Quarter of 2012

MONTREAL, QUEBEC--(Marketwire - April 30, 2012) - Perlite Canada inc. (the «Company») (TSX VENTURE:PCI) announces hereby the results for its first quarter 2012 ended on January 31, 2012 (the "1st Quarter 2012").

The Company's sales totals $1,683,482 for the 1st Quarter 2012 compared to $1,600,402 for the first quarter of the fiscal year 2011.

The Company posted a net loss of $18 815 during the 1st Quarter 2012 compared to a net loss of $23 290 for the first quarter of the fiscal year 2011.

Sales for the 1st Quarter 2012 could have been higher had it not been that some Company's major clients have been faced to a peat shortage. This peat shortage has an impact more particularly on our Saint-Pacôme plant which serves producers from the lower Saint-Lawrence river area and from New-Brunswick. Management of the Company foresees that this peat shortage will continue to have a negative impact on the Company's sales for the second quarter, and more specifically on the sales of our Saint-Pacôme plant, until temperature allows producers to work in the field.

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) 631-4251
    (514) 631-4254 (FAX)