Artaflex Reports Third Quarter Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 06/29/12 -- Artaflex Inc. (TSX VENTURE: ATF) ("Artaflex"), a specialist at delivering integrated product solutions and support to the global technology and electronics industry, today reports unaudited third quarter financial results for the three-month and nine-month periods ended April 30, 2012.
Artaflex reports in U.S. dollars and all numbers below are expressed in thousands of U.S. dollars, except per share and gross margin percentages.
Q3 2012 Financial Highlights:
Paul Walker, President and CEO of Artaflex, commented, "This past quarter, and the next couple of quarters should be considered as transition periods while we absorb the rationalization and restructuring costs associated with our recent merger. All that being said, our sales pipeline is strong and continues to grow as potential customers see the benefits of our multi-site operations here in Canada especially in the area of full systems integration and test."
Q3-2012 - Financial Summary
Selected comparative financial information for the three-month and nine-month periods ended April 30, 2012 and 2011 is shown below. (All numbers below expressed in thousands of U.S. dollars, except per share information and gross margin percentages):
Resignation of Director
Peter Tolnai has resigned from the board of directors of Artaflex. Artaflex wishes to express its sincere appreciation to Mr. Tolnai for his service to Artaflex during his tenure as a director. Artaflex does not expect to immediately fill the vacancy left by Mr. Tolnai. As such, the board of directors of Artaflex will consist of four members until the vacancy is filled, being Paul Walker, Phil Woodard, Shmulik Vlodinger and Paul Langston.
About Artaflex:
Artaflex is a specialist at delivering integrated product solutions and support to the global technology and electronics industry. As a leading global provider of complete Electronics Manufacturing Services (EMS), Artaflex offers world class manufacturing facilities and global partners throughout Canada, the United States, Israel and China, allowing Adeptron to provide its customers the flexibility and scalability to competitively achieve total solutions to their present and future electronics outsourcing needs. Visit Artaflex at .
THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO SUCH MATTERS AS EXPECTED FINANCIAL PERFORMANCE, BUSINESS PROSPECTS, TECHNOLOGICAL DEVELOPMENTS, DEVELOPMENT ACTIVITIES AND LIKE MATTERS. THESE STATEMENTS INVOLVE RISK AND UNCERTAINTIES, INCLUDING BUT NOT LIMITED TO RISK FACTORS DESCRIBED IN DOCUMENTS FILED WITH REGULATORY AUTHORITIES. ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE PROJECTED AS A RESULT OF THESE RISKS AND SHOULD NOT BE RELIED UPON AS A PREDICTION OF FUTURE EVENTS. THE CORPORATION UNDERTAKES NO OBLIGATION TO UPDATE ANY FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER THE DATE ON WHICH SUCH STATEMENT IS MADE, OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has in no way passed upon the merits of the Amalgamation and has neither approved nor disapproved the contents of this press release.
Contacts:
Artaflex Inc.
Paul Walker
Chief Executive Officer
905-479-0148
Artaflex Inc.
Frank Skerlj
Chief Financial Officer
905-754-1036
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Datum: 29.06.2012 - 14:47 Uhr
Sprache: Deutsch
News-ID 1129356
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Telecommunication Equipment
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