Ottawa – February 29, 2016 – BluMetric Environmental Inc. (TSX.V: BLM), an Ottawa-based cleantech company, announces the following unaudited results for the first quarter of fiscal year 2016.
“We have in the last five quarters consistently met our primary goal of sustainable and profitable growth,” said Roger Woeller, CEO of BluMetric. “We are doing this by reinforcing the foundation of our strong existing historical business as well as investing at a significant level in our staff, new products, and technology. We still have much to do, but our success invigorates our initiative.”
The full results are available at www.sedar.com.
BluMetric continues to strengthen its base business under the newly unified brand, supported by the reorganization of the Systems Delivery management group as well as newly streamlined design and fabrication processes. Our identified growth areas are proving fruitful to our improved business development team, especially in areas such as energy, the north, food processing services, and groundwater monitoring and assessment – all areas in which BluMetric has special expertise. We continue to emphasize controlling costs and building margins.
Note 1: EBITDA is a non-IFRS measure and is calculated as net income before interest expense, income taxes, depreciation and amortization
Note 2: Adjusted EBITDA is a non-IFRS measure and is calculated as EBITDA, gain or loss on foreign exchange, stock based compensation, gain or loss on sale of property plant and equipment, unrealized gains on investments held for sale and impairment of goodwill.
For additional information, please refer to the Company’s filings at www.sedar.com.
BluMetric Environmental Inc. is a diverse water, earth, and energy company providing solution-oriented consultation, design, products, and construction services to clients with complex environmental issues in more than 61 countries. With our award-winning team of industry experts and technology, BluMetric provides the finest effective and sustainable solutions to environmental challenges. BluMetric is a publicly traded Canadian company (TSX-V: BLM), headquartered in Ottawa, Ontario. For more information, visit www.BluMetric.ca.
For further information, please contact:
Ray Skaff, Director of Corporate Communications
BluMetric Environmental Inc.
Robin M. Sundstrom
IRonside Investor Relations
Some of the statements in this press release, including those relating to the Company’s quarterly and annual results, future products, opportunities and cost initiatives, 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.
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