MONTREAL, Sept. 6, 2012 /CNW Telbec/ - Sofame Technologies Inc. (TSXV:
SDW) (OTC.pk: SFMGF), a leading manufacturer of environmentally
efficient industrial water heaters and cost effective heat recovery
systems for traditional boilers, is pleased to announce it has received
a $475,000 order to engineer and supply a flue gas heat recovery system
from a multinational pharmaceutical company with headquarters in New
York, NY. The system will be installed at the customer's plant in
Montreal in the first quarter of 2013.
According to John Gocek, Sofame's President & CEO, "Profitable orders
from solid industrial and institutional customers continue to close in
2012. We are pleased with the Sofame's progress during this fiscal
year and expect the same to continue."
Sofame currently has an order book of $955,000 comprised of three orders
to deliver in the next few months. EBITDA at June 30, 2012, after nine
months in fiscal 2012 was $ 414,152 versus a negative (- $ 251,344) in
the prior year at June 30, 2011. By June 30, 2012, Sofame had reduced
its total liabilities by $2.7 million or 52% since October 1, 2010.
Financial information on Sofame is available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: SOFAME TECHNOLOGIES INC.
For further information:
President & CEO
(514) 523-6545 x200
Stone Communication Services