Press release from CNW Group
Seprotech Receives New Orders Valued at Approximately $1.05 M CAD
Tuesday, June 08, 2010
OTTAWA, June 8 /CNW Telbec/ - Seprotech Systems Inc., a Canadian Environmental Technology Company and manufacturer of water and wastewater treatment systems, is pleased to announce that it has received new orders valued at approximately $1.05 M CAD.
"Two of the new orders received by Seprotech are particularly encouraging and point to a turn-around in our core mining and international development markets," said Martin J. Hauschild, President & CEO of Seprotech. The Company received a $500k order from a repeat client in the mining sector in Northern Canada and a $300k order from a private developer in Central America.
"Both the resource and private developer markets saw a steep drop off in sales through the recession of 2008 / 2009," continued Hauschild. "The reactivation of mining projects and return of private developments that were put on hold through the recession are key elements for Seprotech's return to growth," concluded M. Hauschild.
Seprotech is a provider of pre-engineered water and wastewater treatment plants to the land development, resource sector and military market place, including CrystalBlue(TM) membrane-based water recycling systems and the ROTORDISK(R) wastewater treatment systems.
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. Some of the statements in this press release, including those relating to the Company's strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates" or similar expressions, are forward-looking statements within the meaning of securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. The Company does not undertake any obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.
For further information: Matthew Anderson, Investor Relations, Tel: (613) 523-1641, Fax: (613) 731-0851