For Immediate Release – May 31, 2005
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of it’s financial results for the first 3 months of 2005. Revenues for the period ending March 31, 2005 were $164,355 compared to $112,299 for the same period in 2004, an increase of 46.4 percent.
The first quarter showed a net loss of $68,048 for the three-month period compared to a loss of $99,787 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 SureStroke TM, visual brake stroke indicators, Brake Inspector®, an advanced electronic air brake diagnostic system and the Termin-8R TM line of anti-corrosion and extreme pressure lubricants. Spectra’s products are gaining increasing Industry recognition and acceptance as demands for enhanced brake safety increase among regulatory authorities and the motoring public.
During the September 2004 Operation Air Brake roadside inspections conducted in Canada and the United States, brake defects were found to be the leading cause of vehicles being put out of service, accounting for 69 percent of major defects (source: Operation Air Brake Statistics - September 2004).
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 |
