Spectra Inc. Reports First Quarter 2019 Results For Immediate Release
posted on
Jun 14, 2019 10:12AM
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