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This press release was originally distributed via the eWire press wire service (2002–2016). It is preserved here as a historical record.
Napier Environmental Technologies Inc.: Record Sales for April
ARCHIVED 2002–2016: Originally distributed via the eWire press wire service. Preserved as historical record.
Napier Environmental Technologies Inc.: Record Sales for April
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E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE
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FOR IMMEDIATE RELEASE
Napier Environmental Technologies Inc.: Record Sales for April
CANADA, May. 7 -/E-Wire/-- Napier Environmental Technologies Inc. (TSE:NIR) is very pleased to report that sales for the month of April hit a new record monthly high of over $1.2 million and was more than 50% higher than April 2001. Sales for the Company's industrial RemovAll(TM) products and retail Bio-Wash(TM) products have both recorded significant increases, with total sales for the month being split approximately equally betweenthe product lines. Based on this breakdown of sales by product line, management estimates that profit margins for the month are in excess of 40%, the combination of which will translate to Napier's first month of operating profit for 2002.
In addition to the above positive results, and as previously announced, the highlights of the Company's first quarter to March 31 include higher sales, improved margins and significantly lower operating costs. All of these developments point towards dramatically improved financial results for 2002. Readers are encouraged to review Napier's quarterly interim financial statements that are posted and available on the Company's web site (napierenvironmental.com).
Forward Looking Statements:
This release and referenced materials contain forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause actual results to differ materially include: rapid technological and/or market changes in the industry; the ability to maintain and grow successful third party and customer relationships, to improve current products and develop new products, to adequately protect the company's proprietary rights and other factors described in the company's regulatory filings. Although we believe the expectations reflected in our forward looking statements are reasonable, individual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
Clifford T. Davis, Chairman and CEO
The Toronto Stock Exchange neither approves or disapproves the contents of this news release which has been prepared solely at the discretion of management.
Napier Environmental Technologies Inc.
Don Mosher, 604/801-6664,
Email: [REDACTED-EMAIL]
http://http://www.napierenvironmental.com
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