FORT WAYNE, IN, Jan. 25, 2012 /CNW/ - WaterFurnace Renewable Energy,
Inc. (TSX: WFI) Timothy E. Shields, Chairman of the Board, announced
that the board has approved the regular quarterly dividend of $0.24
U.S. per share. The dividend will be paid March 1, 2012, to
shareholders of record at the market close of February 21, 2012.
The press release covering fourth quarter and year end results will be
filed after the close of business on Friday, March 9, 2012. The annual
report to shareholders will be available at that time at www.waterfurnace.com and filed on SEDAR at www.sedar.com. Management will conduct a webcast covering the results of the quarter
and year at 11:00 AM Eastern Standard Time on Monday, March 12, 2012.
Interested parties can listen live or to the recorded version at www.newswire.ca/en/search?Ntt=waterfurnace or at the Company's website: www.waterfurnace.com.
Forward-Looking Information Cautionary Notice
Certain statements in this release constitute forward-looking statements
within the meaning of applicable Canadian securities laws. Readers are
cautioned not to place undue reliance on such statements. Investors
should not rely solely on this information to make investment
decisions. These statements are subject to certain assumptions, risks
and uncertainties. In addition, WaterFurnace's sales are related to the
cost and stability of electricity, fuel oil, propane and natural gas.
Federal, state and provincial building codes and energy incentives can
also impact sales. WaterFurnace is subject to standard risks associated
with most companies, such as normal competitive pressures. These and
other risks could cause WaterFurnace's actual results, performance,
achievements and developments to differ materially from the results,
performance, achievements or developments expressed or implied by such
forward-looking statements. Other risk factors can be found in
WaterFurnace's Annual Information Form and other public documents filed
by WaterFurnace with Canadian securities regulatory authorities.
WaterFurnace assumes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by law.
WaterFurnace Renewable Energy, Inc. is traded in both Canadian dollars
and U.S. dollars on the Toronto Stock Exchange under the symbol WFI for
Canadian dollars and WFI.U for U.S. dollars.
WaterFurnace designs, manufactures and distributes geothermal heat
pumps. The geothermal units use the renewable solar energy stored just
below the surface of the earth to dramatically reduce the energy
consumed by buildings for heating, cooling and hot water.
Additional information about the Company and its products is available
on the Company's website: www.waterfurnace.com. Or call (260) 478-5667 and ask for investor relations.
SOURCE WaterFurnace Renewable Energy, Inc.
For further information:
WaterFurnace Renewable Energy, Inc.
9000 Conservation Way
Fort Wayne, Indiana 46809-9794