Press release from Marketwire
Nordex Explosives Ltd. Announces the Opening of a New Sales Office
Tuesday, October 29, 2013
Nordex Explosives Ltd. Announces the Opening of a New Sales Office08:52 EDT Tuesday, October 29, 2013
KIRKLAND LAKE, ONTARIO--(Marketwired - Oct. 29, 2013) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
NORDEX EXPLOSIVES LTD. ("Nordex" or the "Corporation") (TSX VENTURE:NXX) is pleased to announce the opening of a new sales office at a strategic location in Sudbury, Ontario. The office is located to provide service to the operating mines in Sudbury as well as several large construction and quarry operations. This facility is another step in the ongoing expansion of Nordex and will further increase exposure to the Company and our proprietary products.
The growth strategy for Nordex Explosives Ltd. identified the need for additional sales staff and an increased presence in Sudbury to solicit new clients and better service existing clients. This site was chosen specifically because of the potential for new business opportunities and in particular for the "Buttbuster" (Johnex) line of perimeter control products for which Nordex has the exclusive manufacturing and distribution rights in Canada.
Nordex is pleased to announce the "Buttbuster" perimeter control products are now available for sale. Nordex is actively starting an aggressive marketing campaign to inform the explosive industry in the use and benefits of this proprietary product line. The new Sudbury office is required to support the introduction of these products.
The location is also suited to provide additional technical and training services for all Nordex products.
Jim Taylor, President, CEO stated; "We have been working on this type of initiative for many months as we continue to execute our expansion plans to drive profitable revenue growth in 2014. We have expended considerable time and resources in 2013 in order to be in a position to manufacture and introduce new product lines and new specialized loading equipment. Nordex will continue to follow a growth strategy to continue to increase market share and gain cost advantages through economies of scale in addition to sourcing less expensive raw materials in order to achieve an increase in operating profits."
Nordex is recognized as an innovator and leader in the field of bulk and packaged emulsion products. This includes the development of unique bulk emulsion delivery systems for both surface and underground applications.
ABOUT NORDEX EXPLOSIVES: NORDEX EXPLOSIVES LTD. is a manufacturer and distributor of explosives for the mining, quarry and road construction industries since 1970. Its manufacturing operations and distribution centre is strategically located in one of the world's largest mining regions near Kirkland Lake, Ontario. Nordex is the exclusive supplier of the Econotrim and Ezicharge "Buttbuster" perimeter control explosive products in Canada. Nordex trades on the TSX Venture Exchange under the symbol "NXX".
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 Statements - Not for U.S. Distribution
Certain information included herein may contain "forward‐looking statements" which reflect the current expectations of management of the Corporation regarding the Corporation's future growth, results of operations, performance, business prospects and opportunities. Wherever possible, words such as "may", "would", "could", "should", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "aim", "endeavor", "seek", "predict", "potential" and similar expressions have been used to identify these forward‐looking statements. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management of the Corporation. Forward‐looking statements involve significant risks, uncertainties and assumptions. Many factors could cause the Corporation's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forwardlooking statements, including, without limitation, cancellations of or the failure to renew purchase orders; production and delivery issues; quality, pricing and availability of raw materials; compliance with environmental regulations; exchange rate fluctuations as well as the other risks identified in the "Risk Factors" contained in the Corporation's Management Discussion and Analysis and other public filings (copies of which may be obtained at www.sedar.com). Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by this press release. These factors should be considered carefully and the reader should not place undue reliance on the forward‐looking statements. Although any forward‐looking statements contained in this press release are based upon what management currently believes to be reasonable assumptions, the Corporation cannot assure readers that actual results, performance or achievements will be consistent with these forward‐looking statements, and management's assumptions may prove to be incorrect. These forward‐looking statements are made as of the date of this press release, and, other than as required by law, the Corporation does not intend, and does not assume any obligation, to update or revise these forward‐looking statements, whether as a result of new information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
Nordex Explosives Ltd.
President, Chief Executive Officer