PVI

Pro-Trans Ventures Inc. ("Pro-Trans" or the "Corporation") (TSX VENTURE:PVI)
announced today the Company's financial results for the second quarter of 2012.
Revenue for the second quarter was $18.3 million, up from $17.2 million for the
previous quarter. This increase can be attributed to improved utilization of
operating assets as well as continued growth in the Company's operating fleet.


These record quarterly revenues resulted in EBITDA for the quarter of $2.3
million and comprehensive income of $835,000 or $.03 per share. For the six
months ended June 30, 2012: operating revenues, were $35.6 million; EBITDA was
$4.1 million; and, comprehensive income was $1.4 million. Earnings per share and
EBITDA per share for the six months were $.05 per share and $.17 per share
respectively.


Brian Murray, the President and Chief Executive Officer of Pro-Trans stated, "We
continue to be pleased with the performance of Maple Leaf Loading Ltd., our
primary operating subsidiary acquired October 1, 2011. As our customers have
expanded production volumes at their respective mine sites and as Maple Leaf has
continued to develop supplemental specialized service offerings such as on-site
fuel delivery and production road maintenance services, Maple Leaf's business
operations continue to expand. Combined with this expansion in our revenue base,
operating efficiencies introduced since the acquisition of Maple Leaf have
contributed to these improved operating results."


"Having now completed three full operating quarters with Maple Leaf as the
primary operating unit, Pro-Trans now is in position to move forward to identify
and qualify potential candidates for acquisition and integration into the
Pro-Trans group, in accord with our stated corporate objectives," he added.


Condensed Consolidated Financial Statements for the quarter ended June 30, 2012
have been filed on SEDAR at www.sedar.com along with Management's Discussion and
Analysis of these financial statements.


About Pro-Trans

Pro-Trans is a Calgary based public company listed on the TSX Venture Exchange.
The Company is actively involved in specialized transportation and logistics
services within Western Canada, primarily through its' wholly owned subsidiary,
Maple Leaf Loading Ltd, based in Prince George, B.C. Maple Leaf Loading Ltd, a
mining support company, offers specialized transportation services related to
the management, handling and transportation of coal and ore concentrates for
customers involved in the mining industry in B.C., Alberta, and the Yukon.


Non-IFRS Measures

Earnings Before Interest Taxes Depreciation and Amortization ("EBITDA") is a
measurement intended to provide useful insight into Results of Operations before
financing costs, taxes, depreciation and amortization. EBITDA is not an earnings
measure recognized by IFRS and does not have a standardized meaning prescribed
by IFRS. Readers are cautioned that EBITDA should not be construed as an
alternative to net income as determined in accordance with IFRS.


EBITDA is determined by beginning with earnings from operations as determined in
accordance with GAAP then adding back any long term interest expense, provisions
for taxes, depreciation and amortization included in earnings from operations. A
reconciliation of net income to EBITDA is provided in the Management's
Discussion and Analysis referenced above.


Forward-Looking Information

This press release contains certain statements or disclosures relating to
Pro-Trans that are based on the expectations of Pro-Trans as well as assumptions
made by and information currently available to Pro-Trans which may constitute
forward-looking information under applicable securities laws. In particular,
this press release contains forward-looking information related to the Company's
identification and acquisition of potential candidates into the Pro-Trans Group.
Such forward looking information involves material assumptions and known and
unknown risks and uncertainties, certain of which are beyond Pro-Trans' control.
Many factors could cause the performance or achievement by Pro-Trans to be
materially different from any future results, performance or achievements that
may be expressed or implied by such forward looking information. Pro-Trans'
Annual Information Form and other documents filed with securities regulatory
authorities (accessible through the SEDAR website at www.sedar.com) describe the
risks, material assumptions and other factors that could influence actual
results and which are incorporated herein by reference. Pro-Trans disclaims any
intention or obligation to publicly update or revise any forward looking
information, whether as a result of new information, future events or otherwise,
except as may be expressly required by applicable securities laws.

(TSXV:PVI)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024

(TSXV:PVI)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024