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SSA.V - Spectra Inc.(Auto Parts)
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[QUOTE]Originally posted by chiliandrillman: [QB] Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its financial results for the twelve-month period ending December 31, 2017. Revenues for the twelve-month period ending December 31, 2017 were $1,780,609 compared to $1,549,112 for the same period in 2016. Revenues for the fourth quarter ending December 31, 2017 were $448,017 compared to $342,461 in 2016. Net income was $222,810 during the twelve-month period ending December 31, 2017 compared to $151,912 for the same period in 2016. Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake SafeÒ, the visual brake stroke indicating system, Brake InspectorÒ, the company’s electronic in-cab air brake diagnostic system and the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants. Spectra manufacturers and distributes the new Arrow LoggerÒ brake stroke data logger that has been designed to enhance the performance of the Brake Safe® system. Spectra distributes Zafety Lug LockÒ, a lug nut retainer that uses the resistance between wheel nuts to minimize their ability to rotate and loosen, reducing the risk of wheel damage or wheel loss and Hub AlertÒ, an innovative heat sensing label that provides an alert for overheating wheel ends, reducing the risk of bearing failure and corresponding maintenance and repair costs. Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the Corporation’s customers. Actual results and developments may therefore differ materially from those described in this release. On behalf of the Board of Directors, Glen Campbell, Chairman, Spectra Inc. Investor Relations: 1-800-308-5255 E-Mail: glen@spectraproducts.ca Website: [URL=http://www.spectrainc.ca]www.spectrainc.ca[/URL] [/QB][/QUOTE]
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