RS Technologies Inc. Reports First Quarter 2013 Results

CALGARY, May 29, 2013 /CNW/ - RS Technologies Inc. ("RS" or the "Company"), an ISO 9001:2008 certified company that designs, engineers and manufactures composite utility poles, today announced that it has filed its unaudited interim consolidated financial statements for the quarter ended March 31, 2013 and the related management's discussion and analysis with Canadian securities regulatory authorities. Copies of these documents are available at www.sedar.com.

For information on developments concerning the Company's previously announced Companies' Creditors Arrangement Act (Canada) proceedings, please refer to the website of RS's Court-appointed Monitor at http://cfcanada.fticonsulting.com/RS/default.htm.

Certain information regarding RS in this news release including management's assessment of future plans and operations and the timing thereof, may constitute forward-looking statements under applicable securities laws and necessarily involve risks including, without limitation, risks associated with loss of markets, currency fluctuations, competition from other systems providers, the ability to access sufficient capital from internal and external sources and the uncertainty involved in Court proceedings and the implementation of a Plan of Arrangement under the CCAA.  As a consequence, RS's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any events anticipated by the forward-looking statements will transpire or occur, or, if any of them do so, what benefits RS will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and RS does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

About RS
RS is an ISO 9001:2008 certified company that designs, engineers and manufactures composite utility poles. The poles are used in transmission, distribution and communication applications and offer a lighter, more durable and longer-lasting solution over wood, steel and concrete alternatives. In many instances, the environmentally friendly poles deliver the lowest total installed and lifecycle cost solution of any pole on the market. With installations dating back to 2003, RS has over 280 customers globally.

SOURCE: RS Technologies Inc.

For further information:

RS Technologies Inc.
Tel: (403) 219-8000
Fax: (403) 219-8001
Email: info@RSpoles.com


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