Seprotech Systems Incorporated

Seprotech Systems Incorporated

January 20, 2006 09:08 ET

Seprotech Announces First Quarter Results

OTTAWA, ONTARIO--(CCNMatthews - Jan. 20, 2006) - Seprotech Systems Incorporated (TSX VENTURE:SET) ("Seprotech") announces the following unaudited results for the first quarter 2006:

Three Months Ended
November 30
2005 2004
(unaudited) (unaudited)

$ 000 $ 000
----- -----
Revenue 701 662

Net Income (Loss) (314) (316)

Earnings (Loss) per share (0.01) (0.01)

The performance in the first quarter is lagging as a percentage of budgeted annual sales and is consistent with seasonal factors around the sales of water and wastewater treatment plant equipment. Most construction companies schedule their bookings to coincide with the start of the annual spring and summer construction period. Based on past experience, management anticipates that company performance should accelerate through the remainder of the year.

"We typically see a lower level of sales going into the winter months and we use this time to prepare for the next construction season as well as to more closely follow the demonstration systems that have been installed during the previous construction season," said Martin Hauschild, President & CEO of Seprotech. ""We are also using thi slower period to continue work on enhancements to our product line.

Seprotech is a provider of pre-engineered water and wastewater treatment plants to the land development, industrial and military market place, including membrane-based water treatment systems and the ROTORDISK® biological wastewater treatment systems.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. Some of the statements in this press release, including those relating to the Company's strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates" or similar expressions, are forward-looking statements within the meaning of securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. The Company does not undertake any obligation to update or release any revisions to these forwardlooking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.

Contact Information

  • Seprotech Systems Incorporated
    Mr. Robert J. Searle, CFO
    Investor Relations
    (613) 523-1641
    (613) 731-0851 (FAX)