For Immediate Release – August 29, 2005
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of it’s financial results for the first 6 months of 2005. Revenues for the second quarter were $216,313 compared to $163,813 for the same period in 2004, an increase of 32.0 percent. Revenues for the six-month period ending June 30, 2005 were $380,668 or 37.9 percent higher than $276,112 for the same period in 2004.
The second quarter showed a net loss of $118,636 for the three-month period compared to a loss of $139,415 in 2004. During the first six months of 2005 a net loss of $186,684 was incurred compared to a loss of $239,203 for the same period in 2004.
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 SureStrokeTM, visual brake stroke indicators, Brake Inspector® a new, advanced electronic air brake diagnostic system and the Termin-8RTM 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 |
