CALGARY, May 30, 2011 /CNW/ - EmberClear Corp. (TSXV: EMB) ("EMB") today
announced its unaudited financial results for the nine month period
ended March 31, 2011.
EMB's loss for the three months ended March 31, 2011 was $3,120,618
compared to a loss of $2,059,369 for the same period in the prior year.
EMB's net income for the nine month ended March 31, 2011 was $1,805,224,
from a loss of $4,453,144 compared to the same nine month period in the
As of March 31, 2011 the cash position of the company was $9,421,848
with a working capital of $10,345,274 compared to working capital of
$6,523,000 at June 30, 2010.
EMB's financial statements, management's discussion and analysis, and
related information can be found on SEDAR at www.sedar.com.
About EmberClear Corp.
EmberClear Corp. ("EmberClear") is a clean energy technology company
developing energy projects around the world. EmberClear will provide
engineering and project development services for economic and efficient
clean fossil energy solutions and scientific consulting services for
international projects. EmberClear projects will utilize advanced
carbon based gasification technology acquired through exclusive and
non-exclusive licenses. EmberClear also holds title to real estate and
coal deposits. EmberClear intends to utilize additional technology
licenses as needed to fully develop commercial scale energy projects.
For more information please visit www.emberclear.com.
Safe Harbour for Forward-Looking Statements
Certain statements contained in this document constitute forward-looking
statements or information (collectively "forward-looking statements")
within the meaning of the "safe harbour" provisions of applicable
securities legislation. Forward-looking statements are typically
identified by words such as "anticipate," "continue," "estimate,"
"expect," "forecast," "may," "will," "project," "could," "plan,"
"intend," "should," "believe," "outlook," "potential," "target,"
"seek," "budget," "predict," "might" and similar words suggesting
future events or future performance. All statements other than
statements of historical fact may be forward-looking statements. In
particular, this document contains forward-looking statements
pertaining to the adoption of advanced energy solutions and the global
demand for clean technology. With respect to forward-looking statements
contained in this document, we have made assumptions regarding the
demand and political support for clean energy technologies and the
existence of coal resources or reserves on EmberClear lands. Although
we believe that the expectations reflected in the forward-looking
statements contained in this document, and the assumptions on which
such forward-looking statements are made, are reasonable, there can be
no assurance that such expectations will prove to be correct. Readers
are cautioned not to place undue reliance on forward-looking statements
included in this document, as there can be no assurance that the plans,
intentions or expectations upon which the forward-looking statements
are based will occur.
By their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties that contribute
to the possibility that the predictions, forecasts, projections and
other forward-looking statements will not occur, which may cause our
actual performance and financial results in future periods to differ
materially from any estimates or projections of future performance or
results expressed or implied by such forward-looking statements. The
forward-looking statements contained in this document speak only as of
the date of this document. Except as expressly required by applicable
securities laws, we do not undertake any obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. The forward-looking statements
contained in this document are expressly qualified by this cautionary
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
© 2011 EmberClear Corp. All rights reserved.
All other trademarks are the property of their respective owners.
SOURCE EmberClear Corp.
For further information:
David G. Anderson
+1 (403) 264-8817