OTTAWA,
March 5, 2012 /PRNewswire/ -
Seprotech Systems Incorporated (TSXV: SET) ("Seprotech" or the
"Company") is pleased to announce that it has booked six additional
new orders in the second quarter with an aggregate value of more
than $2.1M. The new bookings
scheduled for delivery in the current fiscal year are in addition
to any orders previously announced including the $4M project in the Middle East and the $14M military standing offer contract.
"The new projects cross the spectrum of our
market segments and are a strong indicator of industry interest and
the sales momentum generated by our growing team," said
Harry J. Marshall, newly appointed
CEO of Seprotech. "We have increased our staff by over 50% since
the beginning of this fiscal year to fill new orders and execute
our growing backlog" continued Mr. Marshall.
"Our increasingly focused approach to sales
involves targeting high-need vertical markets with product
champions specialized in specific technologies who can convey to
industry experts the competitive advantages of our treatment
solutions," continued Mr. Marshall. "The turnaround plan
begun more than a year ago by our Chairman, Jordan Grant, has provided a solid foundation
for this quarter's achievement. With our growing and
experienced team the right ingredients are in place to maintain
this momentum," concluded Mr. Marshall.
Given that mining is one of the Company's strong
vertical markets, Seprotech will attend the Prospectors' and
Developers Association of Canada
conference in Toronto from
March 4-7, 2012, at Booth 1250.
About Seprotech:
Seprotech is a provider of pre-engineered water
and wastewater treatment solutions to the municipal/land
development, resource sector and military market place, including
Reverse Osmosis water purification systems, ROTORDISK® biological
sewage treatment package plants and CrystalBlue™ membrane-based
water recycling systems.
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. The TSX Venture Exchange
has neither approved nor disapproved of the information contained
herein.
Some of the statements in this press release,
including those relating to the Company's strategies and other
statements that are predictive in nature, that depend upon or refer
to future events or conditions, or that include words such as
"expects", "anticipates", "intends", "plans", "believes",
"estimates" or similar expressions, are forward-looking statements
within the meaning of securities laws. Forward-looking statements
include, without limitation, the information concerning possible or
assumed future results of operations of the Company. These
statements are not historical facts but instead represent only the
Company's expectations, estimates and projections regarding future
events. The Company does not undertake any obligation to update or
release any revisions to these forward-looking statements to
reflect events or circumstances after the date of this presentation
or to reflect the occurrence of unanticipated events, except as
required by law.
SOURCE Seprotech Systems Incorporated