MicroPlanet Announces CFO Appointment & Reports 2013 Q1 Results
(firmenpresse) - WOODINVILLE, WASHINGTON -- (Marketwired) -- 05/31/13 -- MicroPlanet Technology Corp. ("MicroPlanet" or the "Company") (TSX VENTURE: MP)(PINKSHEETS: MCTYF), a provider of smart grid technology which significantly increases efficiency, quality, and conservation of electricity, has appointed Edward Garth as the Company's Chief Financial Officer and reports its interim unaudited consolidated financial results for the three-month period ended March 31, 2013 (the "Quarter").
Announcing Edward Garth as Chief Financial Officer
"We are delighted to have Ed join our executive team. While my three months at MicroPlanet has further confirmed my optimism of the substantial growth opportunities that are close at hand," reports Joe Tanner, Company CEO, "there is much to do. With his over thirty years of collaborative financing and building of high technology companies, Ed brings a broad set of critical tools that are essential to the Company as it positions itself to maximize the opportunities being developed in Australia." Mr. Garth commenced his career as a CPA with Touche Ross & Co. as an auditor and tax advisor. As a consummate entrepreneur for the past 30+ years, Ed has managed the financial, administrative and legal affairs of over twenty-five private and public companies as founder, turn-around specialist, advisor and/or executive officer.
MicroPlanet reported the following results for the Quarter
The Company's results for the Quarter include (all dollar figures are reported in U.S. currency, unless otherwise stated):
Financial Highlights
Comprehensive income for the Quarter was $43,755 compared to comprehensive income of $270,869 in the same Prior Year Quarter with the current and prior year Quarters, both Quarters being computed net of gains (losses) resulting from changes in the fair value of warrant liability and convertible debt, $319,641 (2012, $936,021) and $291,640 (2012, ($36,205)) respectively.
MicroPlanet's unaudited consolidated financial information for the three-month periods ended March 31, 2013 and 2012, along with the accompanying Management's Discussion and Analysis for the same period is available on SEDAR ().
About MicroPlanet Technology Corp.
MicroPlanet Technology Corp. is a smart grid, energy conservation Corporation whose technology improves power quality and saves electric energy by the dynamic management of incoming voltage to a home or business. Installation of MicroPlanet products for utilities has improved utility services and facilitates the integration of renewable energy sources, including solar and wind, to the power grid. MicroPlanet is based in Seattle, WA and is listed on the TSX Venture Exchange (TSX-V) trading under the stock symbol: MP. MicroPlanet's website is .
THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED. THE RISKS, UNCERTAINTIES AND OTHER FACTORS, BOTH KNOWN AND UNKNOWN, THAT COULD INFLUENCE ACTUAL RESULTS MAY BE SUBSTANTIAL AND INCLUDE THOSE DESCRIBED IN DOCUMENTS FILED WITH REGULATORY AUTHORITIES, SUCH AS THE COMPANY'S MOST RECENTLY FILED ANNUAL AND QUARTERLY REPORTS. ACCORDINGLY, NO ASSURANCES CAN BE GIVEN THAT ANY OF THE EVENTS ANTICIPATED BY THE FORWARD-LOOKING STATEMENTS WILL TRANSPIRE OR OCCUR, OR IF ANY OF THEM DO SO, WHAT BENEFITS THE COMPANY WILL DERIVE THEREFROM.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THE TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
MicroPlanet Technology Corp.
Joe Tanner
President & Chief Executive Officer
360-910-1600
206-625-0999 (FAX)
MicroPlanet Technology Corp.
Brett Ironside
Director of Licensing & Acquisitions
403-560-3636
206-625-0999 (FAX)
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Datum: 31.05.2013 - 12:00 Uhr
Sprache: Deutsch
News-ID 265193
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WOODINVILLE, WASHINGTON
Kategorie:
Alternative Energy
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