Tuesday, 29 January 2013

IWG Grows Revenues And Income In Q1

IWG Technologies (TSX-V: IWG)
Basic Shares: 37.6 million
Fully Diluted: 39.7 million 
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IWG is strong out of the gate starting its Fiscal 2013 with Q1 revenues of $1.35 million, a 6% increase over last year’s Q1 of $1.27 million.  Net earnings were down slightly, as the company had benefited from a foreign exchange gain last year off the US$.
"Revenue growth is continuing in 2013 as IWG delivers to existing contracts, the new Gulfstream 650 contract and introduces new products,” says Bruce MacCoubrey, President and CEO of International Water-Guard Industries Inc.
Read the full news release here...