Mr. Guy Nelson reports

EMPIRE INDUSTRIES REPORTS 2014 PROFIT OF $6.1 MILLION

Empire Industries Ltd. has released its audited consolidated financial results for the year ended Dec. 31, 2014. The audited consolidated financial statements and MD&A (management's discussion and analysis) have been filed on SEDAR and can be viewed at the company's website.

Summary of 2014 annual results

• Revenues increased by 20 per cent, up $23.4-million to $141.2-million (from $117.8-million in 2013);
• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) increased by 27 per cent, up $1.7-million to $8-million (from $6.3-million in 2013);
• Net income increased by 39 per cent, up $1.7-million to $6.1-million (from $4.4-million in 2013);
• Per share net income (basic) was 2.4 cents in 2014 (from two cents in 2013);
• Backlog of $155-million, up from $93-million at of the group's third quarter report.

                             FINANCIAL HIGHLIGHTS
                           (In millions of dollars)

                                      For the quarter and year ended Dec. 31, 
                                           2014      2013      2014      2013

Revenue                                  $141.2    $117.8     $36.1     $31.5
Adjusted EBITDA ($)                         8.0       6.3       1.8       1.2
Adjusted EBIT ($)                           6.4       5.2       1.4       0.9
Net income from all operations              6.1       4.4       2.5       0.7

"I am particularly pleased to announce the financial results for 2014. What was most noticeable in 2014 was the diversity of our profit from our three business units and the strengthening backlog in our media-based attractions unit," said Guy Nelson, chief executive officer of Empire Industries. "There are storm clouds in Western Canada but the strategic investments we have been making over the past few years are starting to pay off and we expect this trend to continue."

We seek Safe Harbor.