OTTAWA, March 5, 2012 /CNW/ - Seprotech Systems Incorporated (TSXV: SET) ("Seprotech" or the "Company") is pleased to announce that it has booked six additional new orders in the second quarter with an aggregate value of more than $2.1M. The new bookings scheduled for delivery in the current fiscal year are in addition to any orders previously announced including the $4M project in the Middle East and the $14M military standing offer contract.
"The new projects cross the spectrum of our market segments and are a strong indicator of industry interest and the sales momentum generated by our growing team," said Harry J. Marshall, newly appointed CEO of Seprotech. "We have increased our staff by over 50% since the beginning of this fiscal year to fill new orders and execute our growing backlog" continued Mr. Marshall.
"Our increasingly focused approach to sales involves targeting high-need vertical markets with product champions specialized in specific technologies who can convey to industry experts the competitive advantages of our treatment solutions," continued Mr. Marshall. "The turnaround plan begun more than a year ago by our Chairman, Jordan Grant, has provided a solid foundation for this quarter's achievement. With our growing and experienced team the right ingredients are in place to maintain this momentum," concluded Mr. Marshall.
Given that mining is one of the Company's strong vertical markets, Seprotech will attend the Prospectors' and Developers Association of Canada conference in Toronto from March 4-7, 2012, at Booth 1250.
Seprotech is a provider of pre-engineered water and wastewater treatment solutions to the municipal/land development, resource sector and military market place, including Reverse Osmosis water purification systems, ROTORDISK® biological sewage treatment package plants and CrystalBlue™ membrane-based water recycling systems.
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. The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.
Some of the statements in this press release, including those relating to the Company's strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates" or similar expressions, are forward-looking statements within the meaning of securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. The Company does not undertake any obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.
For further information:
Ian Malone, Chief Financial Officer
Tel: (613) 523-1641
Fax: (613) 731-0851