Pro-Trans Ventures Inc.

Pro-Trans Ventures Inc.

May 28, 2013 12:14 ET

Pro-Trans Announces Results for First Quarter Ending March 31, 2013

CALGARY, ALBERTA--(Marketwired - May 28, 2013) - Pro-Trans Ventures Inc. ("Pro-Trans" or the "Corporation") (TSX VENTURE:PVI) is pleased to announce the Corporation's financial results for the first quarter of 2013.

Revenue for the first quarter was $13.3 million, as compared to $10.3 million in the previous quarter. This quarterly revenue resulted in EBITDA for the quarter of approximately $770,000 and a comprehensive loss of $(331,000) or ( $.01) per share. This compares with a Q4 2012 EBITDA loss of approximately $(1.2 million) and a comprehensive loss of $(1.8 million) or ($.04) per share. On a year over year basis, this compares to a Q1 2012 EBITDA of $1.8 million and comprehensive income of $566,000 or $.02 per share on revenue of $17.2 million.

Darby Kreitz, the Chairman of the Corporation stated, "The strategies enacted to deal with a very soft marketplace and lower transportation volumes for Maple Leaf Loading Ltd (Maple Leaf) began to produce more stable financial performance in the quarter. A modest improvement in commodity prices enabled Maple Leaf to grow revenue from the low of Q4 and provide management with reasons for cautious optimism moving forward throughout 2013."

"While Maple Leaf has been negatively impacted by the recent downturn in metallurgical coal prices, we continue to believe that the long term fundamentals remain strong for Canadian coal and other mining sectors. Further expansion of Maple Leaf's services throughout the Canadian mining community and a diversification of our commodity base remain as long term strategic objectives for the Corporation," he added.

Condensed Consolidated Financial Statements for the quarter ended March 31,2013 have been filed on SEDAR at along with Management's Discussion and Analysis of these financial statements.

About Pro-Trans

Pro-Trans is a Calgary based public company listed on the TSX Venture Exchange. The Company is actively involved in specialized transportation and logistics services within Western Canada, primarily through its' wholly owned subsidiary, Maple Leaf Loading Ltd, based in Prince George, B.C. Maple Leaf Loading Ltd, a mining support company, offers specialized transportation services related to the management, handling and transportation of coal and ore concentrates for customers involved in the mining industry in B.C., Alberta, and the Yukon.

Non-IFRS Measures

Earnings Before Interest Taxes Depreciation and Amortization ("EBITDA") is a measurement intended to provide useful insight into Results of Operations before financing costs, taxes, depreciation and amortization. EBITDA is not an earnings measure recognized by IFRS and does not have a standardized meaning prescribed by IFRS. Readers are cautioned that EBITDA should not be construed as an alternative to net income as determined in accordance with IFRS.

EBITDA is determined by beginning with earnings from operations as determined in accordance with GAAP then adding back any long term interest expense, provisions for taxes, depreciation and amortization included in earnings from operations. A reconciliation of net income to EBITDA is provided in the Management's Discussion and Analysis referenced above.

Forward-Looking Information

This press release contains certain statements or disclosures relating to Pro-Trans that are based on the expectations of Pro-Trans as well as assumptions made by and information currently available to Pro-Trans which may constitute forward-looking information under applicable securities laws. In particular, this press release contains forward-looking information related to the future financial performance of the Corporation, diversification of the Corporation's base business, future opportunities of the Corporation and the outlook for the Canadian mining industry in general. Such forward looking information involves material assumptions and known and unknown risks and uncertainties, certain of which are beyond Pro-Trans' control. Many factors could cause the performance or achievement by Pro-Trans to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking information. Pro-Trans' Annual Information Form, Management's Discussion and Analysis and other documents filed with securities regulatory authorities (accessible through the SEDAR website at describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. Pro-Trans disclaims any intention or obligation to publicly update or revise any forward looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

Neither the 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.

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