HydraLogic Reports Third Quarter 2009 Financial Results

TORONTO, Nov. 20 /CNW/ - HydraLogic Systems Inc. ("HydraLogic" or the "Company") (TSX.V: HLS - OTC Pink Sheet: HYSYF) today announced the Company's financial operating results for the three months ending September 30, 2009; as follows:

    
    -------------------------------------------------------------------------
    Period ending           3 months     3 months     9 months     9 months
    September 30          ending 2009  ending 2008  ending 2009  ending 2008
    -------------------------------------------------------------------------
    Total Revenue               1,362        2,086        4,379        6,126
    -------------------------------------------------------------------------
    Gross Profit                  725        1,293        2,503        3,631
    -------------------------------------------------------------------------
    Operating Expense             846        1,592        2,701        4,115
    -------------------------------------------------------------------------
    EBITDA(1)                      58         (175)         273         (234)
    -------------------------------------------------------------------------
    Net Income (loss)            (121)        (298)        (198)        (484)
    -------------------------------------------------------------------------
    Information in table is thousands CDN $
    (1) Earnings before income taxes, interest, depreciation and amortization

    Third Quarter 2009 Highlights:

    -   The third quarter resulted in a stronger EBITDA trend with an
        improvement of $233,274 over the same period in 2008, and a $507,412
        improvement on the nine month comparative.
    -   Revenue for the three month period was down $723,676 over the same
        period in 2008 and $1,747,457 on a nine month comparative basis.
    -   Including a foreign exchange gain on the note payable, operating
        expenses for the three month period were down $746,461 and $1,414,501
        on a nine month comparative basis.
    

"We have achieved an optimum operating efficiency however; revenue creation continues to be compromised as a result of our weak cash position and the on-going effect of a more cautious business environment," stated Michael Beckley, President and Chief Executive Officer of HydraLogic Systems Inc. "We continue to place emphasis on supporting our well established distribution and service clientele while making every effort to source a reasonable solution to the Company's impending capital obligations".

About HydraLogic Systems:

HydraLogic is an innovator of engineered misting systems and proprietary environmental chemistries with reoccurring revenue distribution platforms. The company strives to be market leaders in providing technologies, through turnkey distribution and service models into the multi-billion dollar mosquito and odour control industries as Bug Defence and HLS Ecolo respectively.

HydraLogic Systems is traded on the TSX Venture exchange - symbol: HLS.

Forward Looking Statements

This press release contains certain "forward looking statements". These statements relate to future events or future performance and reflect expectations and belief regarding growth, results of operations, performance, business prospects, opportunities or industry performance and trends. These forward looking statements reflect current internal projections, expectations or beliefs and are based on information currently available. A number of factors could cause actual events or results to differ materially from the results discussed in the forward looking statements. Although it is believed that the forward looking statements contained in this press release are based upon reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward looking statements. These forward looking statements are made as of the date of this press release, and HydraLogic Systems Inc. assumes no obligation to update or revise them to reflect new events or circumstances, except as required pursuant to applicable securities laws.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

%SEDAR: 00020350E

SOURCE HydraLogic Systems Inc.

For further information: For further information: Michael Beckley, President & CEO, (416) 740-3900 ext 400, beckley@hydralogic.com

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HydraLogic Systems Inc.

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