MONTREAL, Sept. 6, 2012 /CNW Telbec/ - Sofame Technologies Inc. (TSXV: SDW) (OTC.pk: SFMGF), a leading manufacturer of environmentally efficient industrial water heaters and cost effective heat recovery systems for traditional boilers, is pleased to announce it has received a $475,000 order to engineer and supply a flue gas heat recovery system from a multinational pharmaceutical company with headquarters in New York, NY. The system will be installed at the customer's plant in Montreal in the first quarter of 2013.
According to John Gocek, Sofame's President & CEO, "Profitable orders from solid industrial and institutional customers continue to close in 2012. We are pleased with the Sofame's progress during this fiscal year and expect the same to continue."
Sofame currently has an order book of $955,000 comprised of three orders to deliver in the next few months. EBITDA at June 30, 2012, after nine months in fiscal 2012 was $ 414,152 versus a negative (- $ 251,344) in the prior year at June 30, 2011. By June 30, 2012, Sofame had reduced its total liabilities by $2.7 million or 52% since October 1, 2010. Financial information on Sofame is available at www.sedar.com.
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SOURCE: SOFAME TECHNOLOGIES INC.
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