CALGARY, Feb. 22, 2012 /CNW/ - EmberClear Corp. (TSXV: EMB) ("EMB" or
"EmberClear") today announced its unaudited financial results for the
three and six month periods ended December 31, 2011.
EMB's net loss for the six month period, including discontinued
operations, increased 167% to $3,987,017 from a net income of
$5,930,321 for the same period in the prior year. For the three month
period, the loss was $1,651,039 compared to net income of $6,989,541
for the same three months in the prior year.
As of December 31, 2011 the cash position of the company was $4,213,693
with working capital of $3,426,415 compared to working capital of
$9,251,229 at June 30, 2011.
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 is an advanced energy development company. Based on global
energy needs from a growing population, our solutions are designed to
deploy commercial scale energy technologies, which enable dramatic
improvements in the efficiency and cleanliness of fossil fuels and
alternative energy sources. Our goal is to find economically viable
business models with the potential to deliver reduced emissions of over
50% when compared to industry average results in the utilization of
coal while also deploying state of the art carbon dioxide capture
Our expertise is being utilized by a diverse group of governments,
utilities and industrial companies spanning a wide range of geographies
with the common interest in creating gasification, supercritical (SC),
ultra-supercritical (USC), circulating fluidized bed (CFB) and
post-combustion carbon dioxide capture (PCC) energy solutions producing
electricity, synthetic gas, liquid fuels, fertilizers, and industrial
construction products. Our solutions often include the vast thermal
chemistry sciences and processes developed by Huaneng Clean Energy
Research Institute (HCERI). HCERI has the most experience and resources
devoted to this industry. Our partnership ensures advanced energy
solutions are financially sustainable so that the benefits accrue to
the global marketplace and not just a few special projects.
For more information, please visit www.emberclear.com
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.
© 2012 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