FORT WAYNE, IN, May 9 /CNW/ - WaterFurnace Renewable Energy, Inc. (TSX:
WFI) - Timothy E. Shields, Chairman of the Board, announced that the
board has approved the regular quarterly dividend of $0.22 U.S. per
share. The dividend will be paid June 1, 2011, to shareholders of
record at the market close of May 20, 2011.
The press release covering 2011 first quarter results, the first to be
filed by the Company under International Financial Reporting Standards
(IFRS), will be filed after the close of business on Thursday, June 9,
2011. The quarter report to shareholders will be available at that time
at www.waterfurnace.com and filed on SEDAR at www.sedar.com. The Company is utilizing the 30 day extension period, granted under
Canadian securities law, to ensure a seamless conversion to IFRS.
Management will conduct a webcast covering the results of the first
quarter at 11:00 AM Eastern Standard Time on Tuesday, June 14, 2011.
Interested parties can listen live or to the recorded version at http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3528800 or at the Company's website: www.waterfurnace.com.
Forward-Looking Information Cautionary Notice
Certain statements in this release constitute forward-looking statements
within the meaning of applicable Canadian securities laws. Readers are
cautioned not to place undue reliance on such statements. Investors
should not rely solely on this information to make investment
decisions. These statements are subject to certain assumptions, risks
and uncertainties. In addition, WaterFurnace's sales are related to the
cost and stability of electricity, fuel oil, propane and natural gas.
Federal, state and provincial building codes and energy incentives can
also impact sales. WaterFurnace is subject to standard risks associated
with most companies, such as normal competitive pressures. These and
other risks could cause WaterFurnace's actual results, performance,
achievements and developments to differ materially from the results,
performance, achievements or developments expressed or implied by such
forward-looking statements. Other risk factors can be found in
WaterFurnace's Annual Information Form dated March 11, 2010 and other
public documents filed by WaterFurnace with Canadian securities
regulatory authorities. WaterFurnace assumes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly required
WaterFurnace Renewable Energy, Inc. is traded in both Canadian dollars
and U.S. dollars on the Toronto Stock Exchange under the symbol WFI for
Canadian dollars and WFI.U for U.S. dollars.
WaterFurnace designs, manufactures and distributes geothermal heat
pumps. The geothermal units use the renewable solar energy stored just
below the surface of the earth to dramatically reduce the energy
consumed by buildings for heating, cooling and hot water.
SOURCE WaterFurnace Renewable Energy, Inc.
For further information:
Additional information about the Company and its products is available on the Company's website: www.waterfurnace.com. Or call (260) 478-5667 and ask for investor relations.