For fiscal year ended May 31, 2009 PARTA stabilizes its revenues and
increases its EBITDA

MONTREAL, Oct. 2 /CNW Telbec/ - PARTA Sustainable Solutions inc. (Toronto Venture exchange TSX "PAS-V") ("PARTA") announces the release of its financial statements for fiscal year ended May 31, 2009 and the publication of its Management Discussion and Analysis report relating thereto. These documents are now available on SEDAR (www.sedar.com).

"Despite the very difficult economic period, PARTA has succeeded, for its fiscal year 2009, to stabilize its revenues to $849,352, representing a slight decrease of 4% compared to 2008", declared M. Paul Allard, PARTA's chairman of the board. "We are now in a good position to execute our growth plan for 2010."

Also to be noted, PARTA increased its 2009 EBITDA to $74,089 compared to ($22,649) in 2008. The adjusted EBITDA increased to $85,471 in 2009 compared to ($22,649) in 2008." This improved situation results mainly from the cost reduction plan we applied to our operations", stated M. Gilbert Boyer, PARTA's Chef Financial Officer.

Summary for fiscal year ended May 31, 2009:

    
    -------------------------------------------------------------------------
    For fiscal year ended :                May 31, 2009         May 31, 2008
    -------------------------------------------------------------------------
    Revenues                                    849,352              880,564
    -------------------------------------------------------------------------
    Gross profit                                133,361              226,089
    -------------------------------------------------------------------------
    Net loss                                    (92,757)            (224,119)
    -------------------------------------------------------------------------
    Basic and diluted earnings per share          (0.02)               (0.07)
    -------------------------------------------------------------------------
    EBITDA                                       74,089              (22,649)
    -------------------------------------------------------------------------
    % EBITDA on sales                               8.7                 (2.6)
    -------------------------------------------------------------------------
    Adjusted EBITDA                              85,471              (22,649)
    -------------------------------------------------------------------------
    Total assets                              1,728,180            1,062,446
    -------------------------------------------------------------------------
    Long term financial liabilities              78,840              110,960
    -------------------------------------------------------------------------
    

About PARTA Sustainable Solutions Inc. (www.partaworld.com)

PARTA Sustainable Solutions Inc. develops and produces services and innovative technologies which permit organizations to establish real exchanges on sustainable development between their internal and external stakeholders. To make this happen, PARTA benefits from established expertise in communications, training and new media on an international level.

    
    (The TSX Venture Exchange assumes no responsibility for the information
    or accuracy of this press release)
    

SOURCE PARTA SUSTAINABLE SOLUTIONS INC.

For further information: For further information: Paul Allard, CEO, PARTA Sustainable Solutions Inc., (514) 277-1201 ext. 35, paul.allard@partaworld.com

Organization Profile

PARTA SUSTAINABLE SOLUTIONS INC.

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