Spectra Inc. Reports First Quarter 2019 Results
For Immediate Release – May 6, 2019
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its
financial results for the first 3 months of 2019. Revenues for the period ending March
31, 2019 were $495,507 compared to $572,009 for the same period in 2018.
The first quarter ending March 31, 2019 showed a net profit of $106,287 compared to net
profit for the three-month period in 2018 of $149,776.
Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeÒ, the visual brake stroke
indicating system, Brake InspectorÒ, the company’s electronic in-cab air brake diagnostic
system and the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.
Spectra Products Inc. distributes Zafety Lug LockÒ, a lug nut retainer that uses the
resistance between wheel nuts to minimize their ability to rotate and loosen, reducing the
risk of wheel damage or wheel loss and Hub Alert™, an innovative heat sensing label that
provides an alert for overheating wheel ends, reducing the risk of bearing failure and
corresponding maintenance and repair costs.
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,
Glen Campbell, Chairman, Spectra Inc.
Investor Relations: 1-800-308-5255
E-Mail: info@spectrainc.ca
Website: www.spectrainc.ca |
