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."
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For further information:
President & CEO
(514) 523-6545 x200
Stone Communication Services