IWG Technologies (TSXV:IWG) Reported Record Financial Results for Year Ending September 30, 2013- Video News Alert on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, November 25, 2013 - IWG Technologies (TSXV:IWG) has
reported record financial results for the year ending September 30, 2013. The
company reported $6.6 million in revenue for the current year, an increase of
10% over the previous year's figure of $6.0 million.
InvestmentPitch.com has produced a "video news alert" about IWG Technologies
based on this news. If this link is not enabled, please visit
www.InvestmentPitch.com and enter "IWG" in the search box.
Net earnings were $969,996, an increase of 84% compared to $526,310 in the prior
year. Fiscal 2012 net earnings were reduced by one-time termination costs of
$218,000 after tax.
This year's results provided net earnings of 2.6 cents per share or 2.5 cents
fully diluted, compared to 1.4 cents in the prior year, on both a basic and
fully diluted basis.
IWG Technologies is the public holding company for International Water-Guard
Industries, a Canadian aerospace company focused on aircraft potable water
treatment, water systems, water heaters and components. Their extensive
experience in ultraviolet light technology and leading edge water systems design
have positioned International Water-Guard as the world leader in aircraft water
treatment.
Since 1982, hundreds of corporate, VIP, and military transport operators have
chosen an International Water-Guard solution to the problem of onboard water
quality. Major business jet manufacturers now offer International Water-Guard's
water treatment units as either a standard factory installation, or as a
customer option. In all, more than 2,000 of International Water-Guard's units
have been factory-installed or retrofitted to aircraft worldwide.
Bruce MacCoubrey, President and CEO stated, "Water treatment products
experienced strong growth and the new IWG-A6 product was delivered to support
the full year of Gulfstream 650 aircraft production. The development of the new
M-1 compact water module for FACC on the Bombardier CL350 aircraft was completed
in the fourth quarter. M-1 product deliveries will begin in the second quarter
of fiscal 2014."
The company currently trades at $0.21 and with 37.7 million shares outstanding,
is capitalized at $7.9 million. For a more information, please visit the
company`s website at www.iwgtech.com, or phone 604-255-5555.
The company's investor relations is handled by Jeff Walker of The Howard Group,
who can be reached at 1-888-221-0915 or by email at info(at)howardgroupinc.com
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