STT

STT Enviro Corp ("STT" or the "Company") (TSX VENTURE:STT) today reported
financial results for its quarter ended March 31st, 2014 of approximately $5.0
million of revenue, $0.6 million of EBITDA and net income after tax of $0.35
million. 


Financial Highlights for the Quarter and Year-to-Date:



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                                     Quarter ended     Quarter ended        
                                       March 31st,       March 31st,      % 
                                              2014              2013 Change 
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Revenue                          $       5,018,817 $       8,858,601    -43%
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EBITDA                                     625,050           929,208    -33%
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Net income before tax                      464,678           682,490    -32%
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Net income after tax                       351,738           534,945    -34%
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Earnings per share                           0.013             0.020        
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EBITDA per issued common share               0.024             0.035        
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Closing backlog                  $      16,302,466 $      17,299,961     -5%
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Closing working capital                  1,458,955           537,166   +271%
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David Deacon, Chief Executive Officer, commented "In the first quarter the
Company recorded slightly lower revenue than expected, but the strong operating
margins, $7.2 million of new orders and an increase in the backlog to $16.3
million from $13.9 million at December 31, 2013 gives us a very good start to
the year. We continue to have a relatively cautious outlook for the remainder of
2014 as market softness continues to impact our Systems business. We are,
however, encouraged by a number of opportunities in the natural gas sector which
could begin to have a positive impact on System sales in the 3rd and 4th
quarter. The Company saw higher margins this quarter, in part due to the
completion of a project which generated very strong margins, but also due to our
continuing cost cutting and process improvement efforts, and we anticipate
reasonably strong gross margins going forward. In addition, the Solutions group,
our aftermarket parts and service business, saw record sales this quarter and we
are continuing to aggressively pursue opportunities in this area."


He continued, "During April 2014, $1.5 million in outstanding convertible
debentures were retired through the repayment and conversion into common shares
(click here to view press release). The conversion and related transactions
resulted in new equity for the company of $1.3 million, a reduction in debt from
approximately $3.9 million to $2.7 million, and an improvement in working
capital from $1.46 million to $3.16 million."  


The Company will hold a conference call to discuss the financial results on June
2, 2014 at 11:00 am Eastern time. The call-in numbers are (416) 204-9641 or
1(877) 314-1234; participant code 9530930.


The financial statements and MD&A are available on SEDAR and have also been
posted on the company's website at
http://www.sttenvirocorp.com/investor-relations/financial-reporting/.


About STT Enviro Corp 

STT Enviro Corp (TSX VENTURE:STT) is an international supplier of industrial
processes and environmental solutions specializing in water remediation and
emission control systems. The Company assists its clients in subscribing to the
highest environmental standards by offering quality products, reliability and
cost effective solutions. 


The Company's three primary areas of business are in providing engineering
support, project management and installation of bulk material handling systems;
supplying steel tanks and providing related engineering support and services for
liquid storage projects; and the sales of parts and aftermarket services to our
customers to assist them in maintaining and improving their systems.


The Company is focused on becoming a leading supplier of environmental solutions
by continuing to grow its business organically and, longer term, to make
strategic acquisitions at prices that are financially accretive. 


For more information, please visit our website at www.sttenvirocorp.com. 

Caution Regarding Forward-Looking Information and Non-IFRS Measures 

Forward-Looking Information 

This news release contains certain forward-looking statements. These statements
relate to future events or future performance and reflect management's current
expectations and assumptions regarding the growth, results of operations,
performance, and business prospects and opportunities. Such forward-looking
statements reflect management's current beliefs and expectations and are based
on information currently available to management of the Company. In particular,
statements regarding the future operating results and economic performance are
forward-looking statements. Forward-looking statements involve significant risks
and uncertainties. A number of factors could cause actual events or results to
differ materially from the events and results discussed in the forward-looking
statements, including risks outlined under "Risk Factors" in our Annual
Information Form, which is posted at www.sedar.com. In evaluating these
statements, investors should specifically consider various factors, including
such risks as Investment Risk; Business Valuations; Condition of Capital
Markets; Dependence on Key Personnel; General Economic Factors; Interest Rate
Risk; Competition; and Reliance on Key Suppliers. One or more of these "Risk
Factors" could cause actual events or results to differ materially from any
forward-looking statement. These factors should not be considered exhaustive.
Although the forward-looking statements contained in this press release are
based on what management of the Company considers to be reasonable assumptions
based on information currently available to them, there can be no assurance that
actual events or results will be consistent with these forward-looking
statements, and management's assumptions may prove to be incorrect. These
forward-looking statements are made as of the date of this press release, and
none of STT nor its directors assume any obligation to update or revise them to
reflect new events or circumstances. Undue reliance should not be placed on
forward-looking statements.


Non-IFRS Measures 

The term "EBITDA" is a financial measure used in this document which is not a
standard measure under International Financial Reporting Standards ("IFRS"). The
Company's method of calculating EBITDA may differ from the methods used by other
issuers. Therefore, STT's measure of EBITDA, as presented in this press release,
may not be comparable to similar measures presented by other issuers. EBITDA
refers to net earnings determined in accordance with IFRS before depreciation,
amortization of intangible assets, gain or loss on disposal of property and
equipment, interest expense, accretion expense, special charges and recoveries,
stock compensation expense and income tax expense. Management believes that
EBITDA is a useful supplemental measure of cash available for debt service,
working capital, capital expenditures, income taxes, and distribution. Investors
are cautioned that EBITDA, as a non-IFRS measure, is not an alternative to
measures under IFRS and should not, on its own, be construed as an indicator of
performance or cash flows, a measure of liquidity or as a measure of actual
return. 


The term "backlog" is a financial measure used in this document which is not a
standard measure under IFRS. The Company's method of calculating backlog may
differ from the methods used by other issuers. Therefore, STT's measure of
backlog, as presented in this press release, may not be comparable to similar
measures presented by other issuers. Backlog is the value of revenue remaining
to be earned from purchase orders received from customers. The projects
represented in backlog are executed according to a schedule agreed with each
customer, which could range in duration from one month to eighteen months.
Revenues are earned on a percentage of completion basis. Management uses this
measure to i) monitor the Company's success in securing new orders, and ii)
gauge the likelihood of meeting revenue objectives in future periods. 


Investors are cautioned that backlog, as a non-IFRS measure, is not an
alternative to measures under IFRS and should not, on its own, be construed as
an indicator of performance or cash flows, a measure of liquidity or as a
measure of actual return.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Relations:
Holly Hendershot
Director of Corporate Affairs, STT Enviro Corp
+1 905-875-5584
hhendershot@sttenvirocorp.com
www.sttenvirocorp.com

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