IWG ANNOUNCES SECOND QUARTER RESULTS - FISCAL 2011

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 looking statements.

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
www.water.aero
        Investor Relations: The Howard Group Inc.
Bob Beaty / Grant Howard
Toll Free: 1-888-221-0915
Info@howardgroupinc.com
www.howardgroupinc.com

 

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International Water-Guard Industries Inc.

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