Business
SEPROTECH ANNOUNCES SECOND QUARTER FISCAL 2011 RESULTS
May 17, 2011 (Canada NewsWire Group) -- OTTAWA, May 17 /CNW/ - Seprotech Systems Incorporated...
About this update from Blumetric Environmental Inc.
[{"type":"text","content":"\n\n\n May 17, 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 17 /CNW/ - Seprotech Systems Incorporated (TSX-V: SET;\n "Seprotech" or the "Company") announces the following unaudited results\n for the second quarter of fiscal 2011 with comparative unaudited\n results for the second quarter of fiscal 2010; and unaudited results\n for the six months ended February 28, 2011, with comparative unaudited\n results for the six months ended February 28, 2010.\n\n\n\n\n \n\n\nThree Months Ended\nFebruary 28\n\n\n \n\n\nSix Months Ended\nFebruary 28\n\n\n\n\n \n\n\n2011\n\n\n2010\n\n\n \n\n\n2011\n\n\n2010\n\n\n\n\n \n\n\n$000\n\n\n$000\n\n\n \n\n\n$000\n\n\n$000\n\n\n\n\nRevenue\n\n\n495\n\n\n1,439\n\n\n \n\n\n1,519\n\n\n2,686\n\n\n\n\nGross Margin\n\n\n181\n\n\n548\n\n\n \n\n\n424\n\n\n1,126\n\n\n\n\nNet Loss\n\n\n(361)\n\n\n(58)\n\n\n \n\n\n(598)\n\n\n(94)\n\n\n\n\nLoss per share\n\n\n(0.01)\n\n\n(0.00)\n\n\n \n\n\n(0.01)\n\n\n(0.00)\n\n\n\n\nDuring the quarter ended February 28, 2011 the Company was in process of\n dealing with the customer over-billing problem previously disclosed,\n and discussed below. Most of the work required to correct the above\n problem was undertaken during the quarter ended February 28, 2011,\n including previously announced board and management changes. The\n resolution of these problems, which were a considerable distraction to\n management, and a concern of the Company's s...