Raydan Manufacturing Inc Reports Q3 Results
April 01 2011 - 4:15PM
PR Newswire (Canada)
EDMONTON, April 1 /CNW/ -- EDMONTON, April 1 /CNW/ - Raydan
Manufacturing Inc, the "Company" (TSXV: RDN), has provided
financial results for the three and nine month periods ended
January 31, 2011. For the nine months ended January 31, 2011,
revenue increased by 72% to $7.4M, compared to $4.3M in the prior
period, demonstrating the growth in sales volumes for the
Manufacturing Division and steady sales for the Chassis
Modification Division. Mr. Ray English, CEO, commented, "Going
forward, we are optimistic due to notice received from several of
our key customers advising the Company to anticipate increased
orders for core products in calendar years 2011 and 2012." About
Raydan Manufacturing Inc Raydan Manufacturing Inc, based in
Edmonton, Alberta, develops and produces specialized suspension and
coupling systems for trucks, trailers and heavy
equipment. Installations are completed at the Company's
chassis modification centre in either Alberta or Ontario.
Established in 1992, Raydan exports its innovative, high-quality
products to end-users and original equipment manufacturers (OEMs)
in the heavy-duty truck, truck crane, fire/rescue and other severe
use sectors around the world. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this release. This new release contains forward-looking
statements that involve risks and uncertainties, which may cause
actual results to differ materially from the statements made.
Potentially, many factors could cause our actual results to vary
materially from those described herein as intended, planned,
anticipated or expected. Raydan Manufacturing Inc. does not intend
and does not assume any obligation to update these forward-looking
statements. To view this news release in HTML formatting, please
use the following URL:
http://www.newswire.ca/en/releases/archive/April2011/01/c8787.html
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