Category Archives: OTC

Wavefront Technology Solutions, Inc. (WFTSF: OTCQX International) | Wavefront Announces Third Quarter 2015 Financial Results

Wavefront Announces Third Quarter 2015 Financial Results

Jul 29, 2015

OTC Disclosure News Service

– Wavefront Announces Third Quarter 2015 Financial Results

EDMONTON, ALBERTA–(Marketwired – Jul 29, 2015) – Wavefront Technology Solutions Inc. (Wavefront or the Company) (TSX VENTURE:WEE)(OTCQX:WFTSF) a technology provider offering fluid delivery processes to oil and gas producers that are widely effective methods for maximizing reserves in mature field revitalization (Improved or Enhanced Oil Recovery or “IOR/EOR”) as well as increasing single well productivity through more effective well workovers and stimulations announces its financial results for the third quarter ending May 31, 2015.

The financial highlights for the reporting period are as follows:

  • Total revenues for the nine months ended May 31, 2015 amounted to $3,766,363, which was a decrease of $626,381 compared to the comparative period that reported total revenues of $4,392,744. During this period the Company however, was able to increase international Powerwave IOR/EOR revenues by $353,502 and Powerwave stimulation and workover revenues in the United States by $34,020 over the comparative period in 2014.

  • Total revenues declined by $285,838 for the third quarter (i.e., three months ended May 31, 2015) over the comparative period in 2014. The decline in quarterly revenues from the comparative was largest in the Powerwave workovers and stimulation (i.e., $521,166), whereas Powerwave IOR/EOR increased by $207,757 and Tubing Pumps and Bailers increased by 47,053. The largest revenue gains were in international Powerwave IOR/EOR where revenues increased by $452,962 for the three months ended May 31, 2015 over the comparative period of 2014.

  • Throughout the fiscal year Management has focused on reducing operating expenditures dollar-for-dollar to any reductions in revenue and manage capital expenditures to those that are absolutely necessary and/or linked to near term revenue generation. To this end Management was able to reduce nine month ended May 31, 2015 expenses, excluding non-cash impairment charges, by $960,485, a 53.3% increase over the revenue reduction of $626,381. In addition, for the third quarter (i.e., three months ended May 31, 2015) Management was able to reduce expenses, excluding non-cash impairment charges, by $457,838, a 60.2% increase over the revenue reduction of $285,838.

  • The basic and diluted net loss for the third quarter ended May 31, 2015 decreased by $1,511,226 to $765,016 ($0.009 per share), compared to $2,276,240 ($0.027 per share) for the comparative quarter ended May 31, 2014.

  • For the third quarter ended May 31, 2015 (i.e., three months ended May 31, 2015) cash used in operating activities(1) decreased by $514,564 or 84.5% to $94,666 from the comparative quarter of $609,230.

The above financial highlights should be read in conjunction with the audited consolidated financial statements and management discussion and analysis of results for Wavefront for the third quarter ended May 31, 2015, which were filed on SEDAR on July 29, 2015.

ON BEHALF OF THE BOARD OF DIRECTORS

WAVEFRONT TECHNOLOGY SOLUTIONS INC.

D. Brad Paterson, CFO Director

About Wavefront:

Wavefront is a technology based world leader in fluid injection technology for improved/enhanced oil recovery and groundwater restoration. Wavefront publicly trades on the TSX Venture Exchange under the symbol WEE and on the OTCQX under the symbol WFTSF. The Company’s website is www.onthewavefront.com.

Cautionary Disclaimer – Forward-Looking Statement

Certain statements contained herein regarding Wavefront and its operations constitute “forward-looking statements” within the meaning of Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations or future performance, are “forward-looking statements”. In some cases, forward-looking statements can be identified by terminology such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “believe”, “continue” or the negative of these terms or other comparable terminology. We caution that such “forward-looking statements” involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such factors include fluctuations in the acceptance rates of Wavefront’s Powerwave and Primawave Processes, demand for products and services, fluctuations in the market for oil and gas related products and services, the ability of Wavefront to attract and maintain key personnel, technology changes, global political and economic conditions, and other factors that were described in further detail in Wavefront’s continuous disclosure filings, available on SEDAR at www.sedar.com. Wavefront expressly disclaims any obligation to up-date any “forward-looking statements”, other than as required by law.

©2015 Wavefront Technology Solutions Inc. All rights reserved. From Bit To Last Drop™, Powerwave™ and Primawave™ are registered trademarks of Wavefront Technology Solutions Inc.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Wavefront Technology Solutions Inc.
Cora Klein
Communications Co-ordinator
780-486-2222 ext. 229
Wavefront Technology Solutions Inc.
D. Brad Paterson
CFO
780-486-2222
investor.info@onthewavefront.com

Copyright © 2015 Marketwired. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/WFTSF/news?id=110833

Experian plc (EXPGY: OTCQX International Premier) | Termination of Contract for Differences

Termination of Contract for Differences

Jul 29, 2015

OTC Disclosure News Service

Dublin, Ireland

This release includes additional documents. Select the link(s) below to view.

Termination of Contract …-29072015.pdf

Copyright © 2015 OTC Markets. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/EXPGY/news?id=110773

Solaris Power Cells, Inc. (SPCL: OTCQB) | Solaris Shipping F-Series Also Files Preliminary Patent for PESA(TM) Powered F-Series Vape Mod

PALM SPRINGS, Calif., July 29, 2015 (GLOBE NEWSWIRE) — Solaris Power Cells, Inc. the creators of the Solaris “Passive Electron Storage Array” ™(PESA™), (the “Company”) (OTCQB:SPCL) (Germany WKN:A1W9W5) is pleased to announce shipping its F-Type Vapor Mod incorporating Solaris PESA™ battery free energy storage solution.

Solaris Begins Shipments of F-Type Vape Mod to Distribution Candidates

Production is now shipping Solaris Power Cells F-Type Vape Mod, a high performance consumer device serving the high-end Vapor and electronic cigarette market. Units are now being shipped to select distributors and retail outlets worldwide. Solaris F-Type is now sold via qualified distributors and the Solaris online store www.vapebatteryfree.com.

The “F-Type Vape Mod” is a flask style vape mod design housed in CNC machined and anodized aircraft aluminum and available in 4 custom colors anodized Onyx, Cherry, Plum, and Aqua.

Solaris Files F-Series Preliminary Patent

A Vapor Mod is typically larger than a traditional e-cigarette and gives the consumer many more options as it pertains to smoke output, nicotine levels, fragrance and flavors. The use of PESA™ technology in a vape mod is a first and as a result, Solaris Power Cells, Inc. has filed for preliminary patent protection on the use of this technology in this application.

According to Business Insider and Bloomberg, forecasts show electronic cigarette’s having a 3 billion dollar market segment by 2015 with sales reaching more than $10 billion by the year 2017. As of October of last year, Bloomberg BusinessWeek reported that there were over 3,500 brick and mortar electronic vapor shops in the United States.

“The Solaris PESA™ Powered Electronic Cigarette Vapor device is just one of the Battery-Free Energy Storage Solutions Solaris Power Cells will produce very soon in this exciting ever expanding market!” said Solaris Power Cells President, Lenny Caprino.

This unique combination of features makes for a product that can be marketable to the casual vaporizer user and the self-proclaimed professionals alike. The Solaris PESA™ powered Electronic Cigarette Vapor Mod will also offer a solution to the current industry issues with batteries. Rechargeable vaporizer batteries retail for 10 to 30 dollars a piece. Most of the high end mods require two of the 2000mAh batteries which individually take about 10 hours to charge from a normal house outlet or standard USB Port. Batteries are prone to degradation and need to be replaced multiple times per year with normal use of the vaporizer. Our PESA™ system will charge rapidly, last for well over ten years with normal daily usage and recharging, and be able to handle the type of current outputs that the high end vaporizer users want, without the risk of lithium battery thermal runaway. In other words, a normal battery can take hours to recharge, whereas our product can recharge in significantly less time. A typical battery has a lifespan of typically 500 charge and discharge cycles, whereas our product can have towards 500,000 charge and discharge cycles.

About Solaris;

Solaris Power Cells, Inc. (OTCQB:SPCL) is a diversified “green” energy storage manufacturer offering residential and commercial users turnkey, renewable energy storage solutions. Solaris manufactures the Solaris Power Cells “Passive-Electron Storage-Array” ™(PESA™), a 100% lead-free, solid-state storage solution that makes renewable energy greener and better by allowing applications to utilize more of the energy generated. The Solaris Power Cell™ is capable of providing energy storage to applications normally reliant and equipped with highly toxic lead acid, nickel metal hydride or lithium-ion batteries.

Forward-Looking Statements;

Statements in this press release that are not strictly historical in nature are forward-looking statements. These statements are only predictions based on current information and expectations and involve a number of risks and uncertainties. Forward-looking statements in this release include that we are about to manufacture our products, we can compete in the energy storage business, and our products will provide an energy storage solution to industry. The Company’s products involve detailed proprietary and engineering knowledge and specific customer adoption criteria, hence factors that could cause actual results to be materially different include that we may be unsuccessful in raising any additional capital needs that may arise; we may not have sufficient capital to develop, produce and deliver orders; orders that are placed may be cancelled; product may not perform as well as expected; markets may not develop as quickly as anticipated or at all; or that the productive capacity of the company may not be large enough to handle market demand. Further, we are reliant on certain key employees who may leave the Company and we may be unable to protect or defend our intellectual property. Investors are cautioned against placing undue reliance on forward-looking statements. Refer to all public filings and risk factors included in the 8-K, 10-Q and 10-K as filed with the SEC.

CONTACT: For Further Information
         Solaris Power Cells, Inc.
         Attn: Lenny Caprino CEO
         www.solarispowercells.com
         1-760-600-5272
         info@solarispowercells.com

Article source: http://www.otcmarkets.com/stock/SPCL/news?id=110714

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