Business
SEPROTECH ANNOUNCES 2010 FISCAL YEAR END RESULTS
May 10, 2011 (Canada NewsWire Group) -- OTTAWA, May 10 /CNW/ - Seprotech Systems Incorporated...
About this update from Blumetric Environmental Inc.
[{"type":"text","content":"\n\n\n May 10, 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\nOTTAWA, May 10 /CNW/ - Seprotech Systems Incorporated (TSXV: SET);\n ("Seprotech" or the "Company") announces the following unaudited\n results for the fourth quarter of 2010 and audited results for the\n fiscal year ended August 31, 2010.\n\n\n\n\n\n\n\n \n\n\nThree Months Ended \nAugust 31\n\n \n \n \n\nYear Ended \nAugust 31\n\n \n\n \n\n\n\n\n \n\n\n        2010\n\n \n\n2009\n\n \n \n \n\n2010\n\n \n\n2009\n\n\n\n\n \n\n\n$000\n\n \n\n$000\n\n \n \n \n\n$000\n\n \n\n$000\n\n\n\n\nRevenue\n\n\n1,440\n\n \n\n1,849\n\n \n \n \n\n5,190\n\n \n\n7,399\n\n\n\n\nGross Margin\n\n\n396\n\n \n\n587\n\n \n \n \n\n2,056\n\n \n\n2,220\n\n\n\n\nNet Loss\n\n\n(552)\n\n \n\n(2,473)\n\n \n \n \n\n(625)\n\n \n\n(3,110)\n\n\n\n\nLoss per share\n\n\n(0.01)\n\n \n\n(0.07)\n\n \n \n \n\n(0.01)\n\n \n\n(0.07)\n\n\n\n\nThe fiscal year ended August 31, 2010 was again a very challenging year\n for the Company, with the revenue contribution from the Company's core\n wastewater treatment business unit remaining depressed. The decision to\n sell back to the vendor the Envirosearch Operations Inc. business\n further added to the challenges faced by management. Despite these\n setbacks, operations benef...