Seprotech Systems Incorporated

Seprotech Systems Incorporated

March 27, 2008 09:26 ET

Seprotech Announces New Orders

OTTAWA, ONTARIO--(Marketwire - March 27, 2008) - Seprotech Systems Inc. (TSX VENTURE:SET), a Canadian Environmental Technology Company and manufacturer of water and wastewater treatment systems, is pleased to announce new orders totalling approximately $1.6M CAD. The new orders come from several projects in the municipal, mining and resort development sectors.

"We are pleased to see that half of the new orders originated through the recent acquisition of PJ Hannah Equipment Corp (PJ Hannah), which effectively doubled Seprotech's sales capacity," said Martin J. Hauschild, President & CEO. "This is a strong initial endorsement of the acquisition and Management's strategy to expand through highly focused organic growth combined with strategic partnerships and acquisitions."

"Integration of the PJ Hannah acquisition continues in parallel with the outsourcing of manufacturing to our partners in Mexico," continued Mr. Hauschild. "We are building a manufacturing outsourcing capacity that is much larger than present revenues in order to accommodate growth for the next 2-3 years. This will allow operational staff in Canada to concentrate on engineering, technology development and other high value-added activities."

"Despite the economic downturn in the US, the mining sector and Latin American markets show continued strength as reflected in recent orders and the increased volume of sales inquiries. Our sales staff remains focused on converting our growing international pipeline into orders," concluded Mr. Hauschild.

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

Certain statements in this news release may contain forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors that may cause the actual achievements to differ materially from those expressed in the forward-looking statements. Seprotech does not assume responsibility for the accuracy and completeness of the forward-looking statements and does not undertake any obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Seprotech Systems Inc.
    Mr. Robert J. Searle
    Investor Relations
    613-731-0851 (FAX)