BURNABY, BC, April 26 /CNW/ - International Water-Guard Industries Inc.
today announced its financial results for the second quarter fiscal
2011 ended March 31, 2011.
The Company reported sales of $1,038,333 compared to $1,144,434 for the
same quarter of the previous year. Second quarter net earnings were
$14,709 compared to net earnings of $54,260 in the previous year.
Six month sales to March 31st were $2,152,423 compared to $2,174,789 in the prior year with net
earnings of $117,252 compared to $95,929. The decreasing value of the
U.S. dollar has continued to negatively impact financial performance.
The results for the quarter provide 0.0¢ net earnings per share in the
current quarter (0.3¢ year-to-date) compared to net earnings of 0.1¢
per share in the second quarter last year (0.2¢ year-to-date) on both a
basic and fully diluted basis. The full version of the Company's
financial statements can be viewed at www.sedar.com and on IWG's website.
International Water-Guard is a Canadian aerospace company focusing on
aircraft potable water treatment and full water system solutions. IWG
has expertise in all aspects of water treatment, and has the products
and know-how to provide high quality water for passengers and crew, and
light weight, space saving solutions for the aircraft operator.
On behalf of the Board of Directors
International Water-Guard Industries Inc.
"David C. Fox"
President and CEO
This news release contains certain forward looking statements that
reflect the current views and/ or expectations of IWG with respect to
its performance, business and future events. Such statements are
subject to a number of risks, uncertainties and assumptions, which may
cause actual results to be materially different from those expressed or
implied. IWG assumes no future obligation to update these forward
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
TSX VENTURE: IWG
SOURCE International Water-Guard Industries Inc.
For further information:
| International Water-Guard Industries Inc. |
Unit One - 3771 North Fraser Way,
Burnaby, BC V5J 5G5 Canada
Tel: (604) 255-5555, 1-800-667-0331,
Fax: (604) 255-5685
| || || || || Investor Relations: The Howard Group Inc. |
Bob Beaty / Grant Howard
Toll Free: 1-888-221-0915