Solutions4CO2 Inc.
TSX VENTURE : SFC

Solutions4CO2 Inc.

March 31, 2014 16:45 ET

Solutions4CO2 Inc. Announces Financial Results for Year ended December 31, 2013

TORONTO, ONTARIO--(Marketwired - March 31, 2014) - Solutions4CO2 Inc. ("S4CO2" or the "Company") (TSX VENTURE:SFC) today reported operational and financial results as at and for the year ended December 31, 2013. In this press release, all amounts are expressed in Canadian dollars and results are reported in accordance with International Financial Reporting Standards (IFRS).

For the year, the Company generated a net loss and comprehensive net loss of $2,591,389, or $0.065 basic and fully-diluted loss per share. The loss includes $314,432 of losses attributable to its joint venture activities. The Company also reported cash used for operating activities for the year totalling $1,596,944.

All of the Company's financial statements and management's discussion and analyses are available under its profile at www.sedar.com.

The Company also announces that the Board of Directors has approved as of March 27, 2014, the grant of an aggregate of 50,000 stock options (the "Options") to eligible participants of the Company's stock option plan (the "Plan"). The Options are exercisable into common shares of the Company at exercise price of $0.30, all in accordance with the Plan.

About Solutions4CO2 Inc.:

Solutions4CO2 is a Canadian company that develops innovative waste-gas, water, biomass to high-value co-product solutions using proprietary and licensed technologies under the trademarks Integrated Biogas Refinery™ ("IBR") and Bio-Extraction Process™ ("BEP"). The IBR integrates best in class technologies to convert various organic waste streams into high-value algae co-products. The BEP utilizes a liquid to liquid solvent extraction process to extract and fractionate high-value co-products from shrimp by-products. Solution4CO2's business model allows the company to participate in joint-venture projects with partners across the waste-to-high-value co-product value chain, or sell projects on a design, build, operate and maintain basis.

Forward-looking Statements

This news release may contain forward-looking statements that are based on Solutions4CO2's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

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.

Contact Information

  • Solutions4CO2 Inc.
    Douglas Kemp-Welch
    CEO
    416-803-9435, extension 101

    Solutions4CO2 Inc.
    Dil Vashi
    Manager Corporate Development
    416-803-9435, extension 104
    www.s4co2.com