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October 8, 2009 |
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PRIMA ANNOUNCES FIRST QUARTER SALES RESULTS
Prima is pleased to announce that sales results for the first quarter of 2009 show an increase of 23% over the similar quarter for 2008.
This is mainly a result of strong orders from
Management is pleased with this increase in sales, and expects that if projections for sales growth continue to be confirmed, the company should see profitability for the 2009 fiscal year.
Pursuant to the news release of October 6, 2009 the Company also clarifies the announcement regarding the termination date of its investor relations agreement with Catalyst Xchange Corp was as of September 3, 2009 as the Company has decided to concentrate its investor relations activities in-house.
About Prima (PID)
Primas subsidiary, ENVIROCOAT TECHNOLOGIES, manufactures and distributes the proprietary specialty Envirosmart coatings, known as Ceramic Insulcoat with Cerylium, throughout
On Behalf of the Board,
This press release may include forward-looking statements; including statements relating to the Companys manufacturing capability, marketing strategy, future sales growth, profitability and competitive position. The words plan, expect, believe, intend, anticipate, forecast, target, estimate, and similar expressions identify forward-looking statements. Forward-looking statements are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. The Company does not undertake to review or update these forward-looking statements. The TSX Venture Exchange has not reviewed and does not a ccept responsibility for the adequacy or accuracy of this release. |
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