Updates on 2014 Objectives
MONTREAL, March 6, 2014 /CNW Telbec/ - Imaflex Inc. (TSXV: IFX)
("Imaflex" or the "Company") is pleased to announce that it anticipates
top-line revenue of approximately $55 million for fiscal 2013. This
represents greater than 15% year over year growth, when compared to
fiscal 2012 revenue of $47 million. The Company anticipates releasing
its full audited fiscal 2013 financial results on April 16, 2014.
"We are very pleased with the trajectory our businesses are on, and
anticipate continued revenue growth this year," commented Joe
Abbandonato, President and CEO of Imaflex. "Starting in 2013, we began
investing heavily in our agriculture business, including new leadership
to support the commercialization of our current agricultural films, and
our pipeline of new proprietary products. This increased investment
was made because we anticipate that our agriculture business will be
our engine for growth this fiscal year and beyond."
Imaflex is also pleased to announce its corporate goals and objectives
for 2014;
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The building of a small, technically astute, sales organization for the
agriculture business to increase revenues of the Company's existing
Environmental Protection Agency (EPA) qualified agricultural films.
These films have already demonstrated to be of exceptional quality, as
per the EPA's Tarp Testing Protocol
-
Complete the final lab and field tests for the Company's first-in-class
herbicidal releasing agricultural film
-
Make regulatory submission to the EPA for the Company's herbicidal
releasing agricultural film
-
Continue to evaluate North American acquisition opportunities
Joe Abbandonato added, "We are well on the way towards achieving our
target of becoming a leader in the agriculture film market. The high
quality of our products combined with our commitment towards innovation
will translate into a growing agriculture business for the current and
coming years."
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.
Cautionary Statement on Forward Looking Information
Certain information included in this press release constitutes
"forward-looking" statements within the meaning of Canadian securities
laws. Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by the
management of the Corporation, are inherently subject to significant
business, economic and competitive uncertainties, risks and
contingencies. The Corporation cautions the reader that such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual financial
results, performance or achievements of Imaflex to be materially
different from the Corporation's estimated future results, performance
or achievements expressed or implied by those forward-looking
statements and that the forward-looking statements are not guarantees
of future performance. These statements are also based on certain
factors and assumptions. For more details on these estimates, risks,
assumptions and factors, see the Corporation's most recent Management
Discussion and Analysis filed on SEDAR. The Corporation disclaims any
obligation to update or revise any forward-looking statements, whether
as a result of new information, events or otherwise, except as
expressly required by law. Readers are cautioned not to put undue
reliance on these forward-looking statements.
SOURCE Imaflex Inc.
Imaflex Inc.
Joseph Abbandonato, President and C.E.O
Giancarlo Santella, CPA, CA - Corporate Controller
Tel: (514) 935 - 5710
Fax: (514) 935 - 0264
e-mail: info@imaflex.com
Website: www.imaflex.com
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