Seprotech Closes Q2 with Additional $2.1M in New Bookings
March 05 2012 - 6:01AM
PR Newswire (Canada)
OTTAWA, March 5, 2012 /CNW/ - Seprotech Systems Incorporated
("Seprotech" or the "Company") is pleased to announce that it has
booked six additional new orders in the second quarter with an
aggregate value of more than $2.1M. The new bookings
scheduled for delivery in the current fiscal year are in addition
to any orders previously announced including the $4M project in the
Middle East and the $14M military standing offer contract. "The new
projects cross the spectrum of our market segments and are a strong
indicator of industry interest and the sales momentum generated by
our growing team," said Harry J. Marshall, newly appointed CEO of
Seprotech. "We have increased our staff by over 50% since the
beginning of this fiscal year to fill new orders and execute our
growing backlog" continued Mr. Marshall. "Our increasingly focused
approach to sales involves targeting high-need vertical markets
with product champions specialized in specific technologies who can
convey to industry experts the competitive advantages of our
treatment solutions," continued Mr. Marshall. "The turnaround
plan begun more than a year ago by our Chairman, Jordan Grant, has
provided a solid foundation for this quarter's achievement.
With our growing and experienced team the right ingredients are in
place to maintain this momentum," concluded Mr. Marshall. Given
that mining is one of the Company's strong vertical markets,
Seprotech will attend the Prospectors' and Developers Association
of Canada conference in Toronto from March 4-7, 2012, at Booth
1250. About Seprotech: Seprotech is a provider of pre-engineered
water and wastewater treatment solutions to the municipal/land
development, resource sector and military market place, including
Reverse Osmosis water purification systems, ROTORDISK® biological
sewage treatment package plants and CrystalBlue™ membrane-based
water recycling systems. Neither 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. 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 forward-looking 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.
Seprotech Systems Incorporated CONTACT: Ian Malone, Chief Financial
OfficerTel: (613) 523-1641Fax: (613) 731-0851
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