| November 14, 2000
TURBOSONIC TECHNOLOGIES, INC. (OTC
Bulletin Board – TSTA) today announced the following unaudited operating
results for its three-month period ending September 30, 2000:
|
Three Months Ended |
|
9/30/2000 |
9/30/1999 |
|
_______US Dollars_______
|
| Total Revenues |
$ 1,780,202 |
$ 1,026,964 |
| Net Income (Loss) |
$ 323 |
$ (69,767) |
| Earnings Per Share |
$0.000 |
$(.007) |
| Weighted Average Number of Shares Outstanding |
10,000,000 |
10,000,000 |
TurboSonic also announced that its backlog at September 30, 2000 was
$6,500,000 as compared to $1,765,000 at September 30, 1999. The increase in the
backlog was attributed to the sale of a
SonicKleenTM Wet Electrostatic Precipitator
to Fletcher Challenge Canada Ltd. for its Elk Falls mill in British
Columbia.
TurboSonic Technologies designs and markets proprietary air pollution
control technologies to industrial customers worldwide. Its products are
designed to meet and exceed the strictest emissions regulations, improve
performance, reduce operating costs and recover valuable by-products.
Industries served include Pulp & Paper, Metals & Mining, Cement, Waste
Processing & Incineration, Power Generation and Petrochemicals.
Certain statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 and involve known and unknown risks, uncertainties and
other factors that may cause the Company’s actual results, performance or
achievements to be materially different from the results, performance or
achievements expressed or implied by the forward-looking statement. Factors
that impact such forward looking statements include, among others, changes in
worldwide general economic conditions, changes in interest rates, government
regulations, and worldwide competition.
For further information, contact:
Patrick Forde, President
TurboSonic Technologies, Inc.
550 Parkside Drive, Suite A-14, Waterloo, Ontario, Canada N2L 5V4
Phone: (519) 885-5513, Fax: (519) 885-6992
|
