November 3, 2004
—
filed under:
FY 2005,
Financial News
TurboSonic Technologies Reports First Quarter Operating Results
TURBOSONIC TECHNOLOGIES, INC. (OTC Bulletin Board – TSTA), a leading provider of air pollution control technology, today announced the following unaudited operating results for the first three months of the fiscal year ending June 30, 2005:
Commenting on the Company’s results, Edward Spink, TurboSonic’s Chairman and CEO, said, "The revenues in the first quarter coupled with the near-record backlog into the second quarter of $4.6 million, compares with the total revenue for the entire previous fiscal year of $4.7 million. With two successive profitable quarters, we are further encouraged by the level of activity in the marketplace and the stronger emphasis on the implementation of recent regulations by the U.S. EPA."
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 Incineration, Power Generation, Wood Products 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 a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statement, see the annual report on Form 10-KSB and other documents the Company files from time to time with the Securities and Exchange Commission.
For further information, contact:
TurboSonic Technologies, Inc.
550 Parkside Drive, Suite A-14, Waterloo, Ontario, Canada N2L 5V4
Phone: (519) 885-5513, Fax: (519) 885-6992
E-mail: info@turbosonic.com
| Three Months Ended | ||||
| 09/30/04 | 09/30/03 | |||
| US Dollars | ||||
| Total Revenues | $ | 2,447,035 | $ | 1,146,620 |
| Net (Loss) Income | $ | 127,256 | $ | (189,496) |
| Net (Loss) Income Per Share | $ | 0.01 | $ | (0.02) |
| Weighted Average Number of Shares Outstanding | 10,507,224 | 10,507,250 | ||
Commenting on the Company’s results, Edward Spink, TurboSonic’s Chairman and CEO, said, "The revenues in the first quarter coupled with the near-record backlog into the second quarter of $4.6 million, compares with the total revenue for the entire previous fiscal year of $4.7 million. With two successive profitable quarters, we are further encouraged by the level of activity in the marketplace and the stronger emphasis on the implementation of recent regulations by the U.S. EPA."
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 Incineration, Power Generation, Wood Products 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 a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statement, see the annual report on Form 10-KSB and other documents the Company files from time to time with the Securities and Exchange Commission.
For further information, contact:
TurboSonic Technologies, Inc.
550 Parkside Drive, Suite A-14, Waterloo, Ontario, Canada N2L 5V4
Phone: (519) 885-5513, Fax: (519) 885-6992
E-mail: info@turbosonic.com
