EmberClear Corp. Announces Third Quarter 2011 Results

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 prior year.

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 statement.

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
CFO
+1 (403) 264-8817

Organization Profile

EmberClear Corp.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890