TSX Venture symbol: PCIPERLITE CANADA ANNOUNCES ITS RESULTS FOR THE FIRST QUARTER OF 2010
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March
31, 2010
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Montreal,
March 31, 2010--Perlite Canada inc.
(the "Company") announces
hereby the results for its first quarter
2010 ended on January 31, 2010 (the
"1st Quarter 2010"). The
Company posted a net loss of $66,334
during the 1st Quarter 2010 compared to
a net loss of $226,323 for the first
quarter of the fiscal year 2009.
Management is satisfied by sales
generated by the Company during the 1st
Quarter 2010. It anticipates that the
consolidation of the Company's
operations to its plants located in
Lachine, Quebec and Saint-Pacome, Quebec
after the shut-down of its
Baie-du-Febvre plant on March 1, 2010
together with its rationalisation
efforts, will improve its profit margin
in the next quarters. Perlite Canada inc. has become a
leading company in Canada in the
processing, distribution and sale of
perlite and vermiculite, two minerals
used in industry and horticulture.
The common shares of Perlite Canada Inc. are listed for trading on the TSX Venture Exchange.
This press release contains
forward-looking statements to which are
associated some risks and uncertainties.
Any statement contained in this present
press release that does not constitute
an historical fact can be considered as
a forward-looking statement. In this
present press release, verbs such as
"believe", "anticipate",
"assess" and other similar
expressions indicate generally
forward-looking statements. Those
statements do not warrant as for the
future performance of Perlite Canada inc.
and they suppose known and unknown risks
as well as uncertainties in such a way
that true future perspectives, returns
or results of the Company may be notably
different of future returns or results
expressed or implied by these
forward-looking statements. The TSX Venture Exchange is not
responsible for the truth or accuracy of
this press release.
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