Sofame Bridge Loan Investors Extend Maturity Three Months
MONTREAL, March 15, 2012 /CNW Telbec/ - Sofame Technologies Inc. (TSXV: SDW), a leading manufacturer of environmentally efficient industrial water heaters and cost effective heat recovery systems for traditional boilers, is pleased to announce that the maturity of a $ 250,000 bridge loan has been extended to June 28, 2012.
According to John Gocek, Sofame's President & CEO, "Bridge loan investors are pleased that Sofame has closed contracts valued at $1.94 million in the last eight months and earned a 13% net profit last quarter. The foundation for steady revenue growth and sustained profitability is in place."
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.
For further information:
John Gocek
President & CEO
(514) 523-6545 x200
[email protected]
Stone Communication Services
Jason Stone
Franca Pranovi
(416) 867-2526
Share this article