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HTC Purenergy Inc
Symbol HTC
Shares Issued 30,309,195
Close 2014-11-27 C$ 0.30
Market Cap C$ 9,092,759
Recent Sedar Documents

ORIGINAL: HTC Purenergy loses $379,871 over nine months

2014-11-27 18:40 ET - News Release

Received by email:

File: 11-27-2014 News Release FINAL.pdf

News Release

For Immediate Release                                                     November 27, 2014

HTC Purenergy Inc. (dba "HTC Purenergy") announces unaudited condensed
consolidated financial results for the third quarter period ending September 30th, 2014

Regina, Saskatchewan - HTC Purenergy (HTC: TSX-V) (the "Corporation" and/or "HTC")
today announced its unaudited condensed consolidated financial results for the third quarter period
ending September 30, 2014 (the "Quarter" or the "Period").

HTC and its subsidiaries are participating in three commercial market sectors under the
following brands, each with strong potential for immediate revenue growth and profitability,
namely:

    Energy Technologies and CO2 Systems Market Sector- Companies doing business in the
    energy industry are looking for cost-effective methods and new energy technologies to produce
    their products, while at the same time being environmentally sustainable and profitable. The
    Energy Technologies and CO2 Systems Market Sector's mandate is to develop and
    commercialize the technologies that satisfy these requirements and to commercialize this
    product offer world-wide. HTC has developed cost-effective energy technologies and CO2
    capture solutions for the power generation, oil and gas and industrial food grade CO2 markets
    that are easier to build, operate and maintain. HTC participates in this sector through its
    commercial entity - HTC CO2 Systems Corp., under brands LCDesignTM, PDOengineTM and
    Delta Reclaimer SystemTM.

    Oil & Gas Equipment Supply and Service Market Sector- has been, and continue to be, a
    strong growth market in Western Canada and the United States. The sector is focused on
    providing a complete product line of manufactured oil field equipment. The sector is focused
    on providing services for oil and gas producers and drilling service contractors in Western
    Canada and the North Central and North Eastern United States. The commercial operating
    entities servicing this sector are: Pinnacle Industrial Services, MaxxEnergy and SteelBlast
    Coatings and Painting Inc. (all operating under the banner of the "Maxx Group of
    Companies Corp.").

    Fertilizer and Grain Handling Solutions Market Sector � Today's high-yield fertilizers
    used in the increasingly larger corporate farming operations in Western Canada demand
    sophisticated fertilizer blending systems that can provide the required fertilizer blend in a
    timely and cost effective manner. The Fertilizer & Grain Handling Solutions Market Sector is
    riding the wave of increased demand for high throughput, high capacity, fertilizer blending and
    grain handling in rural Western Canada.
      The NuVision Fertilizer Handling Solutions brand supplies fertilizer handling equipment and
     constructs high capacity fertilizer blending equipment.

     The GrainMaxx Telescopic Swing Augers brand supplies and distributes grain transfer augers
     in Canada and the United States.

Financial Results
Selected financial information of HTC is summarized below. Information provided in the
following table is prepared in accordance with IFRS.
                                                                            9 months            9 months
                                                                         Sept. 30, 2014      Sept. 30, 2013
Total Assets                                                              $28,502,237        $32,302,568
Revenue                                                                   $22,538,892        $19,655,695
Net Income (Loss) from operations                                           $(222,321)          $760,090
Net Income (Loss)                                                           $(379,871)        $6,330,734
Common Shares outstanding as of quarter end                                30,309,195         28,309,195
Profit (Loss) per Common Share (weighted                                       $(.013)              $.24
average)
Fully Diluted Profit (Loss) per Common Share                                    $      -             $.19
(weighted average)*
*Diluted net loss per common share is not presented, as the effect would be anti-dilutive.

For the Period the Corporation had operating revenue of $22,538,892 (Sept. 30, 2013 -
$19,655,695) of which $20,169,160 (September 30, 2013 - $18,898,448) came from Maxx Group
of Companies Corp. operations and $2,369,732 (September 30, 2013 - $757,247) came from
engineering and process design. The increase in revenue is attributed to the commencement of
work on the Husky/Lashburn Project CO2 capture facility as well as timing and size of projects in
respect to the current year.

For the Period, the Corporation had an operating loss of $222,321 as compared to income of
$760,090 from operations for the period ending September 30, 2013. Decrease in operating income
is primarily related to the nature and timing of completion of the projects in the order book
pipeline, as well as rising operational and compliance costs.

Net loss for the Period was $379,871 compared to income of $6,330,734 in the prior year of which
$5,875,816 is not reoccurring. The 2013 income amounts included the results of one-time gains on
the disposition of various assets as part of a corporate reorganization of $5,875,816. When the
effect of this gain is reversed, the revised 2013 income for comparative purposes is $454,918. The
decrease in income is primarily attributable to timing issues, completion of lower margin projects
in the order book pipeline, and rising product development and related administrative costs.

Total Assets for the Period were $28,502,237 compared to $32,302,568as at September 30, 2013.
The primary reasons for the decrease were due to market adjustments resulting in unrealized losses
on investments, ongoing amortization of goodwill, intangibles patents, and operations.

The information and opinions expressed herein involve known and unknown risks and
uncertainties that may cause the Corporation's actual results or outcomes to be materially
different from those anticipated and discussed herein. In assessing forward-looking statements
contained herein, readers are urged to read carefully all cautionary statements contained in this
 news release, and in those other filings with the Corporations' Canadian regulatory authorities
as found in `www.sedar.com'. Although we believe that the expectations reflected in our
forward-looking statement are reasonable, we cannot guarantee future results, levels of activity,
performance or achievements or other future events. We are under no duty to update any of our
forward-looking statements after the date of this news release, other than as required and
governed 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
                            THE RELEASE.

For more information contact:
Jeff Allison,
HTC Purenergy
Telephone: (306) 352-6132
Fax:         (306) 545-3262
E-mail: jallison@htcco2systems.com

HTC Purenergy corporate developments can be followed on www.htcenergy.com and is traded
under the symbol HTC
 


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