BURNABY, BC, Jan. 19 /CNW/ - IWG is currently holding more than $3M in
shipments and backlog for the year, David C. Fox, IWG president and CEO
"Despite the world financial crisis, we currently have sales and backlog
for 2009 amounting to three quarters of our 2008 revenue, and we are only one
quarter into our 2009 year. This seems like a very solid start, although one
cannot foresee if and when a downturn may affect the business," said Fox. "We
are seeing conflicting signals as to the strength of the business jet market,
but for now management believes that our prospects are good. This is
especially the case as the industry increasingly acknowledges the need for
water treatment, and our system engineering skills. With positive cash, no
debt and careful management we will successfully work our way through this
International Water-Guard is a Canadian aerospace company focusing on
aircraft potable water treatment and full water system solutions. IWG has
expertise in all aspects of water treatment, and has the products and know-how
to provide high quality water for passengers and crew, and light weight, space
saving solutions for the aircraft operator.
On behalf of the Board of Directors
International Water-Guard Industries Inc.
"David C. Fox"
President and CEO
This news release contains certain forward looking statements that
reflect the current views and/ or expectations of IWG with respect to its
performance, business and future events. Such statements are subject to a
number of risks, uncertainties and assumptions, which may cause actual results
to be materially different from those expressed or implied. IWG assumes no
future obligation to update these forward looking statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
TSX VENTURE: IWG
For further information:
For further information: International Water-Guard Industries Inc., Unit
One - 3771 North Fraser Way, Burnaby, BC, V5J 5G5, Canada, Tel: (604)
255-5555, 1-800-667-0331, Fax: (604) 255-5685, www.water.aero