KLS Kelso Technologies Inc.

Kelso Technologies Inc. (the "Company" or "Kelso") (TSX VENTURE:KLS)(OTCQX:KEOSF) - 

The Company reports that it is currently changing its fiscal year end to
December 31 effective December 31, 2012. The Company will prepare year end
financial statements for the four month period ended December 31, 2012 to
complete the transition. The change is being implemented to align the Company's
business cycle with the railroad industry.


The year end financial statements for December 31, 2012 will be prepared,
audited and filed on or before April 30, 2013. Reporting quarters will change to
March 31, June 30 and September 30. All quarterly reports in 2013 will be filed
within 60 days of the quarter end in accordance with established regulatory
policies and guidelines.


No quarterly report for the three months ended November 30, 2012 will be filed
in accordance with year-end transition rules. The Company has been producing and
delivering products against purchase orders in an amount of approximately
US$3,000,000 for the period spanning September 1, 2012 to December 31, 2012.
During the three month period ending November 30, 2012 Kelso has delivered
products in the amount of US$2,053,000 against these purchase orders.


New business commitments from key customers have been progressing steadily.
Sales commitments and delivery schedules for the first quarter of 2013 have
reached approximately US$2,750,000 and expected to continue their growth.


James R. Bond, CEO, comments that, "We are very pleased and encouraged by the
momentum of our business growth. Management remains confident that the recent
product adoption rates demonstrated by our key customers will continue to
advance during the upcoming months."


About Kelso Technologies

Kelso is a railroad equipment supplier that produces and sells proprietary tank
car components used in the safe loading, unloading and containment of hazardous
materials during transport. Products are specifically designed to provide
economic and operational advantages while reducing the potential effects of
human error and environmental harm during the transport of hazardous materials.


For a more complete business and financial profile of the Company, please view
the Company's website at www.kelsotech.com and public documents posted on
www.sedar.com.


On behalf of the Board of Directors,

James R. Bond, CEO and President

Legal Notice Regarding Forward-Looking Statements: This news release contains
"forward-looking statements" within the meaning of applicable Canadian
securities legislation. Forward-looking statements are indicated expectations or
intentions. Forward-looking statements in this news release include that sales
orders are expected to continue their growth; and the recent product adoption
rates demonstrated by our key customers will continue to advance during the
upcoming months. The Company's products involve detailed proprietary and
engineering knowledge and specific customer adoption criteria, hence factors
that could cause actual results to be materially different include that we may
be unsuccessful in raising any additional capital needs that may arise; we may
not have sufficient capital to develop, produce and deliver new orders; product
development may face unexpected delays; orders that are placed may be cancelled;
anticipated order deliveries may be rescheduled to future periods; product may
not perform as well as expected; markets may not develop as quickly as
anticipated or at all; and operations may run into permit, labor or other
problems. Further, we are reliant on certain key employees who may leave the
Company and we may be unable to protect or defend our intellectual property.
Investors are cautioned against placing undue reliance on forward-looking
statements. We assume no responsibility to update these forward looking
statements except to the extent required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kelso Technologies Inc.
James R. Bond
CEO and President
250-764-3618
bond@kelsotech.com


Kelso Technologies Inc.
Richard Lee
Chief Financial Officer
604-590-1525
lee@kelsotech.com
www.kelsotech.com

Kelso Technologies Inc. (TSXV:KLS)
Historical Stock Chart
From Jun 2024 to Jul 2024

Kelso Technologies Inc. (TSXV:KLS)
Historical Stock Chart
From Jul 2023 to Jul 2024