CALGARY, Feb. 26, 2013 /CNW/ - EmberClear Corp. (TSXV:
EMB) ("EMB" or "EmberClear") today announced its unaudited
financial results for the three month period ended December 31, 2012.
EMB's net loss for the three month period,
including discontinued operations, decreased by 11% to $1,609,335 from a loss of $1,815,980 (six months decreased by 25% to
$3,388,624 from $4,530,579) for the same period in the prior
year.
As of December 31,
2012 the cash position of the company was $2,960,330, with working capital of $2,469,007 compared to working capital of
$4,109,395 at June 30, 2012.
EMB's financial statements, management's
discussion and analysis, and related information can be found on
SEDAR at www.sedar.com.
About EmberClear Corp.
EmberClear is an energy developer focused on low
emission commercial scale projects around the world. Developing
facilities using coal or natural gas as inputs to create
electricity or transportation fuels characterizes our plants. We
utilize our proven expertise in permitting, site-control, and
engineering feasibility to leverage our other assets including a
license on IP, control systems, and equipment procurement from
Huaneng Clean Energy Research Institute (a subsidiary of the
world's largest power company, Huaneng Power Group of China). EmberClear also holds surface and
mineral rights in Schuylkill County,
Pennsylvania. This property lies in the Southern Anthracite
coalfield of eastern Pennsylvania,
USA. Mineral rights held by the company include
Anthracite/PCI coal suitable for the metallurgical industry.
EmberClear's shares are listed on the TSX Venture Exchange under
the trading symbol "EMB". For more information, please visit
www.emberclear.com
Forward-Looking Statements
Certain statements contained in this document
constitute forward-looking statements or information (collectively
"forward-looking statements") within the meaning of the "safe
harbour" provisions of applicable securities legislation.
Forward-looking statements are typically identified by words such
as "anticipate," "continue," "estimate," "expect," "forecast,"
"may," "will," "project," "could," "plan," "intend," "should,"
"believe," "outlook," "potential," "target," "seek," "budget,"
"predict," "might" and similar words suggesting future events or
future performance. All statements other than statements of
historical fact may be forward-looking statements. In
particular, this document contains forward-looking statements
pertaining to the adoption of advanced energy solutions and the
global demand for clean technology. With respect to forward-looking
statements contained in this document, we have made assumptions
regarding the demand and political support for clean energy
technologies and the existence of coal resources or reserves on
EmberClear lands. Although we believe that the expectations
reflected in the forward-looking statements contained in this
document, and the assumptions on which such forward-looking
statements are made, are reasonable, there can be no assurance that
such expectations will prove to be correct. Readers are cautioned
not to place undue reliance on forward-looking statements included
in this document, as there can be no assurance that the plans,
intentions or expectations upon which the forward-looking
statements are based will occur.
By their nature, forward-looking statements
involve numerous assumptions, known and unknown risks and
uncertainties that contribute to the possibility that the
predictions, forecasts, projections and other forward-looking
statements will not occur, which may cause our actual performance
and financial results in future periods to differ materially from
any estimates or projections of future performance or results
expressed or implied by such forward-looking statements. The
forward-looking statements contained in this document speak only as
of the date of this document. Except as expressly required by
applicable securities laws, we do not undertake any obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise. The
forward-looking statements contained in this document are expressly
qualified by this cautionary statement.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE EmberClear Corp.
