CALGARY, ALBERTA — (Marketwired) — 08/15/13 — CEMATRIX Corporation (TSX VENTURE: CVX) (the “Corporation” or the “Company” or “CEMATRIX”) is pleased to announce the release of its consolidated financial results for the quarter and six months ended June 30, 2013.
Second Quarter Highlights
Financial Results
Selected financial information for the quarters and six months ended June 30, 2013 and 2012 is as follows:
The outlook for the remainder of 2013 remains positive, however, this will depend on the ability of the Company to contract additional 2013 sales contracts. The Company has put in place $6.4 million of contracted work, that is currently completed or scheduled for completion in 2013. The Company has also placed numerous bids on other projects currently scheduled to be completed in 2013, but is unable to ascertain at this time how many of these projects, if any, will result in 2013 contracted work for the Company.
This press release should be read in conjunction with the Corporation–s unaudited Consolidated Financial Statements and Management Discussion and Analysis for the quarter and six months ended June 30, 2013, both of which can be found on SEDAR.
CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a manufacturer and supplier of technologically advanced cellular concrete products with applications in a variety of markets, including oil and gas construction and infrastructure construction. Cellular concrete provides a cost and labour saving solution as a replacement for rigid and other insulating materials in frost-susceptible or permafrost conditions. Cellular concrete is also used in void filling situations and as a replacement for granular fills and weak or unstable soils.
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.
Forward-looking information: This news release contains certain information that is forward looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, expect”, “would– or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries– future financial and operations plans and outlook. All forward looking statements reflect CEMATRIX–s beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation to update or revise forward looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX–s Management Discussion and Analysis dated August 14, 2013 under CEMATRIX–s profile on SEDAR at and other reports filed by CEMATRIX with Canadian securities regulators.
Contacts:
Jeff Kendrick
President and Chief Executive Officer
(403) 219-0484
Jeff Walker
The Howard Group – Investor Relations
(888) 221-0915 or (403) 221-0915