NOVIK ANTICIPATES A RECORD SECOND QUARTER 2011 REVENUE
June 22 2011 - 11:00AM
PR Newswire (Canada)
QUEBEC, June 22, 2011 /CNW/ -- QUEBEC, June 22, 2011 /CNW Telbec/ -
(TSXV: NVK) - Mr. Michel Gaudreau, President and CEO of Novik Inc.,
is pleased to announce that the company has achieved record monthly
sales for the month of May. Mr. Gaudreau explains, "We have
delivered orders of more than $3.3M to our clients in May which is
a record for monthly sales since Novik first started. Our
previous record was also in May of last year when we delivered
orders worth $2.9M. This growth in sales can be put down to
an increase in orders received from our European and Mexican
distributors as well as warm weather returning to the North
American territory." Mr. Gaudreau adds, "This trend is continuing
into June and we should achieve a similar level of sales. This
could mean that for its second quarter Novik will be able to
announce a growth in sales for a seventh consecutive quarter
compared to the same period in the previous year. The current
quarter should also be a record quarter for Novik sales. We
also believe we will maintain the same growth rate in sales of 15%
that we achieved in the first quarter of this year." Mr. Gaudreau
ends by noting, "We are continuing to maintain our current growth
in sales while ensuring that profits are higher than those of
previous years. Our current situation means that we are
optimistic of hitting our targets for the 2011 financial year."
About NOVIK Novik (NVK) is a leader in the design, manufacture and
distribution of innovative polymer exterior siding, roofing
coverings and accessories that replace traditional materials such
as stone, brick or wood shingles. These products target the
world-wide residential and commercial construction industry.
Forward-looking statements contained in this press release
involve known and unknown risks, uncertainties or other
factors that may cause actual results, performance or achievements
of the company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. To view this news release in HTML
formatting, please use the following URL:
http://www.cnw.ca/en/releases/archive/June2011/22/c8421.html p
bSource: /b /p p Novik Inc. /p p bFor further information/b:
/p p Michel Gaudreaubr/ Presidentbr/ Tel. : (418) 878-6161br/
E-mail : a
href="mailto:micgau@novik.com"micgau@novik.com/a /p p Pascal
Bouthotbr/ Vice-President, Financesbr/ Tel. : (418) 878-6161br/
E-mail : a
href="mailto:pasbou@novik.com"pasbou@novik.com/a /p
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