H2O Innovation Selected on the "2008 TSX Venture 50"
June 19 2008 - 8:35AM
Marketwired
QUEBEC CITY, QUEBEC Inc. ("H2O")(TSX VENTURE:
HEO)(ALTERNEXT:MNEMO:ALHEO) is pleased to announce that it has been
selected among 2,176 TSX Venture Exchange listed companies as one
of the "2008 TSX Venture 50", a ranking of the top 10 public
venture capital companies in five industry sectors listed on the
Toronto Exchange: mining, oil & gas, technology & life
sciences, diversified industries and cleantech.
This project was initiated to provide awareness to the Canadian
investment community on the quality companies that are listed on
the Exchange and that are using public venture capital to grow
their companies. The criteria used to determine this select list is
based on a formula considering revenue, return on investment,
market capitalization growth and trading volume (data compiled as
of December 31, 2007).
On behalf of H2O team, Guy Goulet, Chairman of the Board and
CEO, wishes to thank all the shareholders who believe in the high
potential of the company. "We are proud and honoured to have been
selected on the top 50 ranking of the TSX Venture Exchange. We
would like to bring out our invaluable partner, Amsterdams
Effectenkantoor ("AEK"), who keeps supporting financially our
organic and external growth as well as other key shareholders that
have been backing us up during all these years", stated Mr. Goulet.
"Furthermore, I shall point out the relentlessness of our employees
in Canada and in the United States who take the development of the
company to heart", he added. Since 2000, H2O has completed seven
acquisitions, thus permitting the company to offer more to clients
thanks to an even more diversified product portfolio that attracts
various strategic market niches. H2O sales backlog now amounts to
CAN$ 19.8M.
About the "2008 TSX Venture 50"
The TSX Venture 50 are the top 10 companies in each of five
major industry sectors - mining, oil & gas, technology &
life sciences, diversified industries and cleantech - based on a
ranking formula with equal waiting given to one-year revenue (last
reported 12 months), return on investment, market cap growth and
trading volume. All data was as of December 31, 2007.
The "2008 TSX Venture 50" will be published and widely
distributed in The Globe and Mail on Thursday, June 19th.
About H2O
H2O is pursuing its market development in the water treatment
sector with a complete portfolio of membrane technologies and
biological processes. H2O's mission is to develop, produce and
market state-of-the-art, environmental friendly products dedicated
to the production of drinking water and the treatment of wastewater
and industrial processed water.
The TSX Venture Exchange and the Alternext Exchange assume no
responsibility for the relevance or accuracy of this press
release.
Contacts: Guy Goulet Chairman of the Board and CEO 450-227-1150
ggoulet@h2oinnovation.com Frederic Dugre President and COO
418-688-0170 fdugre@h2oinnovation.com
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