BIOREM REPORTS YEAR END RESULTS

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[{"type":"text","content":"\n\n\n Apr. 12, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nGUELPH, ON, April 12 /CNW/ - BIOREM Inc. (TSXV: BRM) ("Biorem" or "the\n Company") today announced its results for the three and twelve-month\n periods ended December 31, 2010. Biorem's complete fiscal 2010 year-end\n financial statements and MD&A have been filed on SEDAR (www.sedar.com).\n\n\n"Biorem had anticipated a difficult year financially but continued to\n proceed with a number of strategic business development investments in\n addition to reducing our cost structures," said Peter Bruijns,\n President & CEO. "During the year we continued to invest in our sales\n channels, completed the establishment of our Wholly Foreign Owned\n Enterprise in China, invested in two significant Biogas demonstration\n sites and advanced our Industrial VOC product development."\n\n\n"With the investments made and changes completed in 2010 Biorem is\n positioned to achieve improved financial performance" added Mr.\n Bruijns. "We have come into 2011 with a backlog of $12.1 million while\n our key market, the United States, continues to struggle with its\n economic recovery."\n\n\nFINANCIAL HIGHLIGHTS:\n\n\n\n\n \n\n \n \n \n\n\n \n\nThree months ended \nDecember 31,\n\n\n% Change\n\n\nTwelve months\nended \nDecember 31,\n\n\n% Change\n\n\n\n\n(in thousands of Canadian dollars, except percent and per share data)\n\n\n2010\n\n\n2009\n\n\n2010\n\n\...

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