OAKVILLE, ONTARIO — (Marketwire) — 03/28/12 — Bennett Environmental Inc. (TSX: BEV) (the “Company” or “BEI”) today announced its financial results for the year ended December 31, 2011 and the results for the fourth quarter 2011. There was no revenue for the year as the Saint Ambroise facility remained closed in order to accumulate soil inventory. Pre-tax loss was $9.6 million, after-tax loss was $9.3 million and loss per share was $0.24 on a fully diluted basis. There was no revenue for the quarter, net loss was $1.6 million and loss per share was $0.04 on a fully diluted basis.
A fuller discussion is available in the Management Discussion and Analysis available on and Audited Consolidated Financial Statements for the years ended December 31, 2011 and 2010 available on http://media3.marketwire.com/docs/BennettACFSYE11.pdf.
This report may contain forward-looking information that is subject to risks, uncertainties and assumptions. Such information represents our current views based on information as at the date of issuing this report. We do not intend to update this information and disclaim any legal obligation to the contrary.
Forward Looking Statements
Certain statements contained in this press release and in certain documents incorporated by reference into this press release constitute forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe”, “confident”, “plan” and “intends” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. BEI believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this press release should not be unduly relied upon. These statements speak only as of the date of this press release. BEI undertakes no obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.
About Bennett Environmental Inc.
Bennett Environmental Inc. is a North American leader in high temperature treatment services for the treatment of contaminated soil and has provided thermal solutions to contamination problems throughout Canada and the U.S. Bennett Environmental–s technology provides for the safe, economical and permanent solution to contaminated soil. Independent testing has consistently proven that the technology operates well within the most stringent criteria in North America. For information, please visit the Bennett Environmental website at: .
Contacts:
Bennett Environmental Inc.
Lawrence Haber
President and CEO
(905) 339-1540 Ext. 202