Solutions4CO2 Inc. Announces Financial Results for Three Month Period Ended March 31, 2014
May 29 2014 - 4:40PM
Marketwired Canada
Solutions4CO2 Inc. (TSX VENTURE:SFC) ("S4CO2" or the "Company") today reported
operational and financial results as at and for the 3 month-period ended March
31, 2014. 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 first quarter ended March 31, 2014, the Company generated a net loss and
comprehensive net loss of $712,508, or $0.01 per basic and fully-diluted loss
per share. The loss includes $25,187 of losses attributable to its joint-venture
activities. The Company also reported cash used for operating activities for the
period totalling $433,641.
All of the Company's financial statements and management's discussion and
analyses are available under its profile at www.sedar.com.
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(TM) ("IBR") and
Bio-Extraction Process(TM) ("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.
FOR FURTHER INFORMATION PLEASE CONTACT:
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
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