For Immediate Release – August 27, 2004
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of it’s financial results for the first 6 months of 2004. Revenues for the second quarter were $163,813 compared to $126,285 for the same period in 2003, an increase of 29.7 percent. Revenues for the six month period ending June 30, 2004 were $276,112 or 21.1 percent higher than $227,961 for the same period in 2003.
The second quarter showed a net loss of $139,416 for the three-month period compared to a loss of $150,220 in 2003. During the first six months of 2004 a net loss of $239,203 was incurred compared to a loss of $233,642 for the same period in 2003.
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 TM and SureStroke TM, visual brake stroke indicators, Brake InspectorTM a new, advanced electronic air brake diagnostic system and the Termin-8R TM 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 |
