For Immediate Release – August 28, 2003
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of it’s financial results for the first 6 months of 2003. Revenues for the second quarter were $126,285 compared to $136,066 for the same period in 2002. Revenues for the six month period ending June 30, 2003 were $227,961 compared to $230,881 for the same period in 2002.
The second quarter showed a net loss of $150,220 for the three-month period compared to a loss of $111,034 in 2002. During the first six months of 2003 a net loss of $233,642 was incurred compared to a loss of $259,854 for the same period in 2002.
Spectra Inc. is a vertically integrated supplier of innovative products and services to the Commercial Transportation Industry and the Professional Trucker. Spectra’s product line increases productivity, reduces maintenance costs and improves fleet safety and includes Brake Safe ™ and SureStroke ™, visual brake stroke indicators, Brake Inspector™ a new, advanced electronic air brake diagnostic system and the Termin-8R ™ line of anti-corrosion and extreme pressure lubricants.
Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the Corporation’s customers. Actual results and developments may therefore differ materially from those described in this release.
On behalf of the Board of Directors,
Andrew J. Malion, Chairman, Spectra Inc. www.spectra-ssa.com
Investor Relations: 1-800-308-5255 E-Mail: ssa@spectra-ssa.com
The TSX VENTURE Exchange has neither approved nor disapproved the information contained herein |
