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Author Topic: SSA.V - Spectra Inc.(Auto Parts)
chiliandrillman
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Company: Spectra Inc.
Symbol: SSA.V
Price: $0.01
Common Shares: 60,514,837
Insider Holdings: 11,542,143(19% as per SEDI)
Main Website: http://www.spectrainc.ca/
Product Website: http://www.spectraproducts.ca/

Company Description
Spectra Inc., (the “Company”), through its wholly owned subsidiary, Spectra Products Inc., supplies products to the transportation industry. The current product line includes a visual brake stroke indicator, Brake Safe®, that permits vehicle drivers and maintenance personnel to visually determine the brake adjustment condition of a truck, trailer or bus equipped with an air activated brake system. The Company’s electronic version of Brake Safe® is an air brake diagnostic system called Brake Inspector® . This product provides an in-cab display of air brake status and permits diagnosis of various existing and potential brake problems with the foundation brakes of trucks, trailers and buses. The Company also supplies an anticorrosion lubricant called Termin-8r® to the transportation industry and Zafety Lug Lock® a product that prevents wheel-end lug nuts from loosening leading to wheel damage or wheel loss.

The Company’s product includes Hub Alert® a heat sensitive label that is applied to each wheel hub of trucks, trailers, buses and off road vehicles to provide an early warning of critical temperature threshold levels where safety and maintenance issues may be pending. The Company introduced in the fourth quarter of 2014 a new product, the Arrow Logger™. This system is designed to work in conjunction with the Brake Safe® product by providing enhanced brake monitoring. The Company manufactures its Brake Safe® , Arrow Logger™ and Brake Inspector® products utilizing subcontract suppliers and receives the product components for select subassembly and packaging. The Termin-8r® product line is blended, packaged and shipped to the Company’s warehouse ready for shipping to customers or in the case of private label shipped direct to the customer form the packaging facility. The Company distributes Zafety Lug Lock® under a non-exclusive distribution arrangement with Tafcan Consulting Ltd and Hub Alert® is distributed under a distribution agreement with Martec International on an exclusive basis for Canada and a non-exclusive basis for the U.S. The Company’s products are sold to the transportation industry directly to “house account” fleets; through traditional transportation distributors and truck/trailer dealerships; and to several trailer manufacturers.

Spectra Inc. Financial Statements and MD&A Highlights(Ending June 30th 2015)

The company has had six quarters of profitable revenue growth as shown below. This current quarter there was a significant rise in sales which should keep trending upward as Spectra gains more exposure across North America and overseas.

Current Quarter Sales(Ending June 30th)
Revenue: $529,252
Net Income: $91,421

Last Six Quarters (Breakdown)

Q1 March 31, 2014
Revenue: $357,447
Net Income: $5,939

Q2 June 30, 2014
Revenue: $332,726
Net Income: $13,663

Q3 September 30, 2014
Revenue: $394,364
Net Income: $15,788

Q4 December 31, 2014
Revenue: 349,020
Net Income: $10,210
Q1 March 31,2015
Revenue: $352,031
Net Income: $18,049

Q2 June 30, 2015
Revenue: $529,252
Net Income: $91,421

ASSETS
Cash: $74,256
Accounts Receivable: $233,079
Inventories: $99,932
Loan Receivable: $ 25,000
Prepaid Expenses: $14,055
Investment in Cotter Pin Solutions Inc: $49
Equipment: $27,809
Intangible Assets: $4,951

LIABILITIES
Accounts Payable: $250,042
Loans Payable: $350,000
Royalty Debenture: $658,828 (Not due until 2019)
Convertible Debenture: $937,500 (6% Dividend waived in 2014 and 2015)
For additional Liability information, please see below.

MD&A Highlights
Results of Operations
Revenue: Three months ended June 30, 2015 Revenue for the three months ended June 30, 2015 increased by 59 percent to $529,252 compared to revenue of $332,726 for the three-month period ended June 30, 2014. The quarterly increase in revenue is mostly attributable to increases in sales in of Brake Safe® of $97,002 from the same period in 2014 to $255,559, Termin-8r® of $11,370 from the same 2014 period to $108,804, sales of Zafety Lug Lock® which increased by $53,833 to $109,844, sales of Hub Alert® of $823 from the same period in 2014 to $7,318 and sales of Arrow Logger™ our new product of $2,212. These increases were offset by decreases in sales of Brake Inspector® which had sales of $6,096 in 2015, compared to sales in 2014 of $8,298.

Net income
Three months ended June 30, 2015
The net income for the three months ended June 30, 2015 was $91,421 or $0.00 per share basic and fully diluted compared to net income of $13,663 or $0.00 per share basic and fully diluted for the three months ended June 30, 2014.

Six months ended June 30, 2015
The net income for the six months ended June 30, 2015 was $109,470 or $0.00 per share basic and fully diluted compared to net income of $19,602 or $0.00 per share basic and fully diluted for the six months ended June 30, 2014.

Balance Sheet:
Total Assets
Total assets as at June 30, 2015 were $479,131 an increase of 40 percent from $342,678 as at December 31, 2014.
Liquidity and Cash Flow
Six months ended June 30, 2015
During the six months ended June 30, 2015, the Company earned $52,222 from operating activities compared to earning $10,519 in operations during the same period in 2014. Non-cash items contributed $70,203 for the period compared to $74,684 for the six months ended June 30, 2014. The Company had no loan repayments in the six months ended June 30, 2015, compared to net loan repayments of $20,000 in the six months ended June 30, 2014. In the six months ended June 30, 2015, the Company made an investment of $49 in a new private company and made a loan advance of $25,000 to that company. The combined result of these factors was a net increase in cash resources of $27,173 and a cash resources balance at the end of the period of $74,256. During the equivalent period in 2014, the Company showed a net reduction in cash resources of $9,481 and a cash resources balance of $10,442 at the end of the period.

OUTLOOK

The Company continues to focus its efforts on expanding the present market for its products while introducing those products into new markets as well as seeking out new products to complement our other offerings.

The Company’s Brake Safe® product is well established in the Canadian market and inroads are now being made into the lucrative American market. With the implementation of its new, aggressive, safety enforcement and monitoring program, CSA (Compliance, Safety, Accountability), the Federal Motor Carrier Safety Administration is bringing the focus onto unsafe Carriers and unsafe Drivers in the US transportation industry. A significant increase in roadside enforcement, citations and fines for all driver and vehicle violations will impact positively on the sales growth of Brake Safe® and Zafety Lug Lock® products. A program is being developed to educate companies of these enforcement changes and the resulting increased intervention by regulatory agencies in order to capitalize on sales opportunities for Brake Safe® and Zafety Lug Lock® .

The Company introduced in the first quarter of 2015 a “buy direct from the manufacturer” program for U.S. fleets and owner operators to increase the awareness of Brake Safe® in the U.S. market. This program is being supported by sustained advertising in select U.S. media and the addition of e-commerce capability on the Company’s website. The Company has entered into a sponsorship arrangement with Kevin Rutherford a radio personality and author of several books for the professional truck driver. Sponsorship is providing widespread exposure to the independent owner/operator trucking segment. Exposure includes prominence on the Let’s Truck website and access to its 30,000 members, frequent blogs featuring the Company’s products as well as interviews with Mr. Rutherford over Sirius XM Satellite radio. The Company will continue to sell Brake Safe® through its existing U.S. distributors.

The Company’s Termin-8R® product continues to receive strong industry acceptance with a corresponding growth in sales to the transportation segment. The second private label arrangement, introduced in 2010 and made for a major supplier to the commercial transport industry, is proving to be a strong performer with 2014 private label sales now being more than 10% ahead of the same period in 2014. The company believes that developing new private label arrangements will be a key to the ongoing growth in the sales of this product.

Zafety Lug Lock® continues to make good inroads into the marketplace with new interest from overseas.
The Company’s newly introduced product, Arrow Logger™, has been designed to complement the Brake Safe® product line with enhanced brake adjustment monitoring. The system allows drivers to inspect brake adjustment during roadside operation without the need to apply the service brake, usually a 2 person operation. The Company anticipates a very positive response to the Arrow Logger™ from existing and potential Brake Safe® customers. While initial sales have been slow, these are expected to grow as the market becomes more aware of the product.

Initial interest in Hub Alert® and new marketing efforts have been introduced to try to stimulate sales.
At the end of the second quarter, the Company made an investment in Cotter Pin Solutions Inc. This company has been established to manufacture and sell an innovative new product, the Anti-Seize Cotter Pin. This product solves a major maintenance issue plaguing the industry, the seizing of slack adjuster clevis pins and the resulting time consuming and costly process of their free-up or removal . Seized or binding clevis pins can affect brake performance. The Company has a 49% equity position in Cotter Pin Solutions with the product’s inventor, Jorge Goncalves, retaining 51% equity.

The Company will continue to form strategic distribution alliances to accelerate its sales outside the Canadian marketplace.

The Company may seek sufficient additional funds to provide working capital, inventory and capital equipment as needs arise, but at the moment, cash flow from operations is sufficient to support current needs. Until such time as present market conditions improve, the Company will continue the cost-saving measures introduced in 2009 to reduce overhead and improve cash flow.

Debt Information For SSA.V

Summary
- Royalty Debenture not due until 2019(issued in 2004 and has 15 years)
- Convertible Preferred ongoing but 6% dividend waived in 2014 and 2015
- Loan Payable is standard


From Annual Information:
10. Royalty Debenture On August 6, 2004 the Company closed a debenture financing arrangement with DVOF whereby DVOF advanced $750,000 to Spectra's subsidiary, SPI. In consideration of the advance of these funds, DVOF is entitled to receive royalty payments equal to the greater of $100,000 per annum or 10% of the total annual gross revenue generated by SPI. Twenty-five percent of each royalty payment shall be allocated against the principal amount of the debenture. The royalty payments shall continue until the earlier of (i) the date that the royalty debenture has been fully repaid and (ii) 15 years from issue date, at which time any remaining principal amount shall be due. As additional consideration, the Company issued 3,000,000 bonus shares to DVOF at a price of $0.05 per share. The royalty debenture is secured by all the assets of SPI by way of a floating charge in favour of DVOF.

From recent quarterly:
11. Convertible Preferred Shares On June 1, 2007, SPI completed a $750,000 private placement with DVOF where SPI issued 750 convertible preferred shares (the “Preferred Shares”) for proceeds of $667,500 and Spectra issued 1,500,000 common shares at a market value of $0.055 per share for proceeds of $82,500. The Preferred Shares pay a 6% cumulative annual dividend, payable quarterly, commencing January 1, 2009; are redeemable; are retractable commencing May 31, 2016 (extended by mutual agreement previously from May 31, 2015 and originally from May 31, 2010) for $1,250 per share; are non-voting and are convertible into 1,000 common shares of SPI which would represent a 14.11% ownership interest, bringing their interest at that time to 42.91%. DVOF received 750 warrants to subscribe to an additional 750 preferred shares of SPI at a price of $1,000 each, exercisable until December 31, 2013. These warrants have now expired. At June 30, 2015, the convertible preferred shares have accreted to $937,500 (2014 - $937,500). By agreement, the dividends due by SPI in 2014 and 2015, amounting to $45,000 each year, have been waived.

From Recent Quarterly:
$350K Loan Payable is (Note 9)
As discussed in note 9, SPI issued 50 (2014 – 50) common shares to DVOF. The transaction resulted in a reduction of Spectra’s ownership interest in SPI from 72.09% to 71.20%. The Company recorded a $37,500 gain on the issuance of SPI’s common shares in 2015 (2014 - $37,500), recognized in equity.


As well, there is no rollback planned due to the low price. 2015 Proxy statement below:

Appointment of Proxyholder I/We being holder(s) of Spectra Inc. hereby appoints: Michael R. Faye, of the City of Brampton, in the Province of Ontario or failing him/her Andrew J. Malion, of the City of Toronto, in the Province of Ontario. OR Print the name of the person you are appointing if this person is someone other than the Management Nominees listed herein. as my/our proxyholder with full power of substitution and to attend, act and to vote for and on behalf of the shareholder in accordance with the following direction (or if no directions have been given, as the proxyholder sees fit) and all other matters that may properly come before the Annual General and Special Meeting of shareholders of Spectra Inc. to be held at the offices of Burnett, Duckworth & Palmer LLP, Suite 2400, 525 – 8th Avenue S.W. Calgary, Alberta on Thursday, August 13, 2015 at 9:30 a.m. (Calgary time) and at any adjournment or postponement thereof. VOTING RECOMMENDATIONS ARE INDICATED BY HIGHLIGHTED TEXT OVER THE BOXES.
1. Number of Directors To set the number of directors at Four (4). For Against
2. Election of Directors 01. Andrew J. Malion For Withhold 02. Michael R. Faye For Withhold 03. Kam Patel For Withhold 04. Jorge Goncalves
3. Appointment of Auditors Appointment of SF Partnership LLP of Toronto as Auditors of the Corporation for the ensuing year and authorizing the Directors to fix their remuneration. For Withhold
4. Approval of the Stock Option Plan To consider and, if thought appropriate, to pass with or without variation an ordinary resolution ratifying the Corporation’s existing stock option plan.

--------------------
Top picks:
Visionstate - VIS
Fintect - FTEC
East West - EW

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chiliandrillman
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Spectra CFO acquires SPI debenture, preferred shares


2017-12-20 12:58 MT - News Release


Mr. Andrew Malion reports

SPECTRA INC. ANNOUNCES CFO PURCHASES CONVERTIBLE PREFERRED SHARES AND DEBENTURE OF SPECTRA PRODUCTS INC.

CABE Financial Corp. has acquired the royalty debenture and convertible preferred shares held by Dynamic Venture Opportunities Fund in Spectra Inc.'s partially owned subsidiary company, Spectra Products Inc. (SPI), as well as 1,315 common shares in SPI also owned by Dynamic Venture Opportunities Fund.

The president, and a shareholder, of CABE is Glen Campbell, a director, chief financial officer and chairman of both Spectra and SPI.

CABE has also agreed, after completion of the transaction, to amend the terms of the convertible preferred shares to waive the right of CABE to convert such convertible preferred shares to 1,000 common shares of SPI. This waiver ensures Spectra's 67.73-per-cent ownership percentage in SPI will not be reduced in the future as a result of the conversion right previously attached to convertible preferred shares.

CABE further agreed, after completion of the transaction, to extend the date upon which the convertible preferred shares could be called for redemption. Currently, this date is May 31, 2018. The retraction privileges will now be amended to a series of dates extending into 2020. These extended retraction dates will allow SPI to better manage its cash flow to enable it to meet these new redemption dates.

The transfer of ownership to CABE of the 1,315 common shares in SPI, the royalty debenture and the convertible preferred shares was approved by the board of directors of both Spectra and SPI.

Spectra, through its subsidiary, SPI, is the Toronto-based North American designer, manufacturer and distributor of Brake Safe, the visual brake stroke indicating system; Brake Inspector, the company's electronic in-cab air brake diagnostic system; and the Termin-8R line of anti-corrosion and extreme pressure lubricants.

© 2017 Canjex Publishing Ltd. All rights reserved.

--------------------
Top picks:
Visionstate - VIS
Fintect - FTEC
East West - EW

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chiliandrillman
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SSA.V - Spectra Inc. Q3 Results (Financials + MD&A)
Ending September 30th 2017

Current Stock Price: $0.025
Common Shares: 60,509,971
Insider Holdings: 6,355,591 or 10.5%
Institutional Holdings: 18,133,000 or 30% - DVOF Debenture Holder

ASSETS
Cash: $145,467
Accounts Receivable: $200,840
Inventories: $162,585
Prepaid Expenses: $17,862
Equipment: $2,072
Total Assets: $528,826

LIABILITIES
Accounts Payable: $123,630
Royalty Debenture: $625,475 (Owed To DVOF)
Convertible Debenture: $568,131 (Owed To DVOF, Due August 2019)
Total Liabilities: $1,407,246

Sales By Region For 2017(Q1-Q3)
Canada: $708,782 (Last Year - $793,476)
China: $28,894 (Last Year - $0)
United States: $594,916 (Last Year - $413,175)
Total Sales: $1,332,592 (Last Year - $1,206,651)

Revenue/Profit Over Last Four Years
2014 - $1,440,000 - $45,000
2015 - $1,820,000 - $189,000
2016 - $1,550,000 - $152,000
2017 - $1,333,000 - $191,000 (9 Months Only, Q4 Out In March 2018)

In 2017, the Company derived 45% (2016 – 34%) of its revenue from sales to the United States and 2% of its sales from China (2016 – 0%). The Company’s equipment is located in Canada.

In 2017, the Company derived sales from three customers amounting to 53% of the total sales revenue (2016 – three customers amounting to 38% of the total revenue).

MD&A Highlights

Capital Disclosures
The Company’s capital structure is comprised of interest bearing debt, a royalty debenture and shareholders’ deficiency. There are no restrictions on the Company’s capital. In order to maintain and adjust its capital structure, the Company may issue share capital, issue new debt and refinance existing debt.

Three months ended September 30, 2017
Revenue for the three months ended September 30, 2017 increased by 26 percent to $432,186 compared to revenue of $342,034 for the three-month period ended September 30, 2016. The increase in revenue is attributable to increases in sales of Termin-8r® from $121,566 to $138,882; Brake Safe® from $141,749 to $193,172; Zafety Lug Lock® from $36,156 to $63,035; and Hub Alert® from $4,788 to $5,248; offset by decreases in sales of Brake Inspector® from $8,843 to $2,244; Arrow Logger® from $888 to $361 and sundry income from $29,820 to $29,244.

Nine months ended September 30, 2017
Revenue for the nine months ended September 30, 2017 increased by 10 percent to $1,332,592 compared to revenue of $1,206,651 for the nine-month period ended September 30, 2016. The increase in revenue is attributable to increases in sales of Termin-8r® from $370,212 to $424,223; Brake Safe® from $539,762 to $583,496; Zafety Lug Lock® from $142,217 to $158,983; Hub Alert® from $18,474 to $23,253; and sundry income from $96,001 to $121,389; offset by decreases in sales of Brake Inspector® from $37,609 to $19,603 and Arrow Logger® from $2,376 to $1,645.

Gross Profit:
Three months ended September 30, 2017
Gross profit increased by $11,822 for the three months ended September 30, 2017 to $224,690 or 52 percent of revenue from a comparable $212,868 or 62 percent of revenue for the three months ended September 30, 2016.

OUTLOOK
The Company continues to focus its efforts on expanding the present market for its products while introducing those products into new markets. As well the Company is seeking out new product to complement other wheel end safety products, Brake Safe®, Hub Alert® and Zafety Lug Lock®

Spectra Products Inc. is the only company in North America that provides one stop shopping for wheel end safety products in the transportation industry. Brake Safe® addresses the number one out of service violation in North America during road side inspections being brakes out of adjustment. Zafety Lug Lock® and Hub Alert® address the very serious wheel off situation of trucks and trailer losing a wheel and impacting another vehicle causing major damage or potentially causing fatalities.

The Company’s Brake Safe® product is well established in the Canadian market and as previously reported Spectra Products Inc. is executing its strategy to expand its Brake Safe® visual brake stroke indicator and diagnostic tool into the lucrative U.S. Transportation Industry. The brake violation issues are receiving a tremendous amount of attention from U.S. media as well as increased enforcement resulting in vehicles being put out of service and affecting Fleet safety records. This growing awareness is having a very positive impact on sales of Brake Safe® in the U.S. market.

The Company’s Termin-8r®product continues to receive strong industry acceptance with a corresponding growth in sales to the transportation segment. The second private label arrangement, introduced in 2010 for a major supplier to the commercial transport industry, is proving to be a strong performer with 2017 private label sales, by dollar amount, now being 81% of total Termin-8r®product sales compared to 71% of total sales during the same period in 2016.

--------------------
Top picks:
Visionstate - VIS
Fintect - FTEC
East West - EW

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chiliandrillman
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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 SafeŇ, the visual brake stroke
indicating system, Brake InspectorŇ, the company’s electronic in-cab air brake diagnostic
system and the Termin-8RŇ line of anti-corrosion and extreme pressure lubricants.
Spectra manufacturers and distributes the new Arrow LoggerŇ brake stroke data logger
that has been designed to enhance the performance of the Brake Safe® system. Spectra
distributes Zafety Lug LockŇ, 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 AlertŇ, 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: www.spectrainc.ca

--------------------
Top picks:
Visionstate - VIS
Fintect - FTEC
East West - EW

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chiliandrillman
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SSA.V - Spectra Inc. Year End Results (Financials + MD&A)
Ending December 31st 2017

Note – Q1 2018 results will be released in the next 2-3 weeks with a more accurate picture of financials. This is due to Michael Faye leaving end of 2017(large expense gone) and Glen Campbell taking debt from DVOF to help reduce payments and extend deadline to 2020(Announced December 2017).

Current Stock Price: $0.03
Common Shares: 60,509,971
Insider Holdings: 6,855,591 or 11.3%
Institutional Holdings: 18,133,000 or 30% - DVOF Debenture Holder

ASSETS
Cash: $54,811
Accounts Receivable: $244,200
Inventories: $175,883
Prepaid Expenses: $4,737
Total Assets: $479,631 (2016 - $417,393)

LIABILITIES
Accounts Payable: $140,207
Royalty Debenture: $629,028
Preferred Shares: $556,430
Total Liabilities: $1,325,665 (2016 - $1,486,237)

Performance
Sales: $1,780,609 (2016 - $1,549,11)
Cost of sales: $762,500
Gross Profit: $1,018,109
Debt Extinguishment: $30,423
G&A Expenses: $825,722
Net Income: $222,810 (2016 - $151,912)

MD&A Highlights From Year End Results

Cash Flow Earned In Operations (Page 4)
2014 - $107,922
2015 - $81,815
2016 - $188,897
2017 - $275,065

Revenue
Twelve months ended December 31, 2017 Revenue for the twelve months ended December 31, 2017 increased by 15 percent to $1,780,609 compared to revenue of $1,549,112 for the twelve months ended December 31, 2017. The increase in revenue is attributable to increased sales of all major product lines.

Net income
Year ended December 31, 2017 The net income for the year ended December 31, 2017 was $222,810 or $0.00 per share basic and fully diluted compared to net income of $151,912 or $0.00 per share basic and fully diluted for the year ended December 31, 2016.

Liquidity and Cash Flow
Twelve months ended December 31, 2017 For the twelve months ended December 31, 2017, the Company earned $275,065 in operating activities compared to earning $188,897 in 2016. Non-cash items during the twelve months contributed $75,812 compared to $100,726 in 2016. $150,000 was repaid on loans payable during the year and $150,000 of preferred shares were repurchased for cancellation. These all resulted in a net decrease in cash resources of $24,935 and a cash resources balance at the end of the period of $54,811. During the equivalent twelvemonth period in 2016 the Company showed a net increase in cash resources of $35,897 and a cash resources balance at the end of the year of $79,746

The Company‘s current cash and cash equivalents are expected to meet the anticipated need for ongoing expenses, working capital and capital expenditures. In the event the Company’s cash and cash equivalents are insufficient, the Company may seek additional financing as required to provide working capital, inventory and capital equipment necessary to implement its business plan.

Management believes that the strong functional and competitive capabilities of its Brake Safe®, Brake Inspector®, Termin-8r® Zafety Lug Lock®, Hub Alert® and Arrow Logger™ product lines will improve the Company’s long-term profitability.

OUTLOOK
The Company continues to focus its efforts on expanding the present market for its products while introducing those products into new markets as well as seeking out new products to compliment our other offerings.

The Company’s Brake Safe® product is well established in the Canadian market and inroads are now being made into the lucrative American market. With the implementation of its new, aggressive, safety enforcement and monitoring program, CSA (Compliance, Safety, Accountability), the Federal Motor Carrier Safety Administration is bringing the focus onto unsafe Carriers and unsafe Drivers in the US transportation industry. A significant increase in roadside enforcement, citations and fines for all driver and vehicle violations will impact positively on the sales growth of Brake Safe® products. A program has been developed to educate companies of these enforcement changes and the resulting increased intervention by regulatory agencies in order to capitalize on sales opportunities for Brake Safe®.

The Company’s Termin-8R® product continues to receive strong industry acceptance with a corresponding growth in sales to the transportation segment. The second private label arrangement, introduced in 2010 and made for a major supplier to the commercial transport industry, is proving to be a strong performer with 2017 private label sales, by dollar amount, now being 80% of total Termin-8R® product sales and 27% more than that of the previous year. The company believes that developing new private label arrangements will be a key to the ongoing growth in the sales of this product.

The Company will continue to form strategic distribution alliances to accelerate its sales outside the Canadian marketplace.

The Company may seek sufficient additional funds to provide working capital, inventory and capital equipment as needs arise, but at the moment, cash flow from operations is sufficient to support current needs.

--------------------
Top picks:
Visionstate - VIS
Fintect - FTEC
East West - EW

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Spectra Inc. Reports First Quarter 2018 Results

For Immediate Release – April 25, 2018

Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its
financial results for the three-month period ending March 31, 2018. Revenues for the
three-month period ending March 31, 2018 were $572,009 compared to $438,733 for the
same period in 2017.

Net income was $149,776 during the three-month period ending March 31, 2018
compared to $54,906 for the same period in 2017.

Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeŇ, the visual brake stroke
indicating system, Brake InspectorŇ, the company’s electronic in-cab air brake diagnostic
system and the Termin-8RŇ line of anti-corrosion and extreme pressure lubricants.
Spectra manufacturers and distributes the new Arrow LoggerŇ brake stroke data logger
that has been designed to enhance the performance of the Brake Safe® system. Spectra
distributes Zafety Lug LockŇ, 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 AlertŇ, 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: www.spectrainc.ca

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2006 (Q1-Q4) $807,000 -$485,000 $464,000 $2,505,000 0.19
2007 (Q1-Q4) $794,000 -$1,010,000 $678,000 $2,104,000 0.32
2008 (Q1-Q4) $844,000 -$758,000 $593,000 $2,630,000 0.23
2009 (Q1-Q4) $774,000 -$648,000 $353,000 $3,040,000 0.12
2010 (Q1-Q4) $1,160,000 -$340,000 $388,000 $3,400,000 0.11
2011 (Q1-Q4) $1,230,000 $177,000 $399,000 $2,146,000 0.19
2012 (Q1-Q4) $1,170,000 -$315,000 $274,000 $2,260,000 0.12
2013 (Q1-Q4) $1,280,000 -$74,000 $292,000 $2,280,000 0.13
2014 (Q1-Q4) $1,440,000 $45,000 $343,000 $2,207,000 0.16
2015 (Q1-Q4) $1,820,000 $189,000 $445,000 $1,840,000 0.24
2016 (Q1-Q4) $1,550,000 $152,000 $417,000 $1,490,000 0.28
2017 (Q1-Q4) $1,780,609 $222,810 $479,631 $1,325,665 0.36
2018(Q1) $572,009 $149,776 $684,176 $1,380,434 0.50

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SSA.V - Spectra Inc. Q1 2018 Results (Financials + MD&A) Ending March 31st 2018.

Current Stock Price: $0.035
Common Shares: 60,509,971
Insider Holdings: 6,855,591 or 11.3%
Institutional Holdings: 18,133,000 or 30% - DVOF Debenture Holder

Financials

ASSETS
Cash: $166,650
Accounts Receivable: $318,559
Inventories: $194,230
Prepaid Expenses: $4,737
Total Assets: $684,176

LIABILITIES
Accounts Payable: $184,993
Royalty Debenture: $632,665 – Due In 2020
Preferred Shares: $562,775
Total Liabilities: $1,380,434

Q1 2018 Results
Revenue: $572,009
Gross Profit: $334,385
G&A Expense: $184,609
Net Income: $149,776

Prior Years
2014 – Total Sales: $1.44M – Net Income - $45K
2015 – Total Sales: $1.82M – Net Income - $189K
2016 – Total Sales: $1.55M – Net Income - $152K
2017 – Total Sales: $1.78M – Net Income - $223K
2018 – Total Sales: $572K – Net Income - $150K

Cost reductions and increased sales due to new contracts have made the first quarter of 2018 very strong and should continue. Over a dozen profitable quarters in a row means the cost structure is consistent and stable.

MD&A Highlights

Revenue for the three months ended March 31, 2018 increased by 30 percent to $572,009 compared to revenue of $438,733 for the three-month period ended March 31, 2017.

Brake Safe® had sales of $227,738 in 2018, compared to $165,635 in 2017; Brake Inspector® had sales of $5,565 in 2018, compared to $15,053 in 2017; Termin-8r® sales increased by $39,794 from $157,766 in the 2017 period to $197,560 in 2018; Zafety Lug Lock® had sales in 2018 of $51,355 compared to $50,327 in 2017 and Hub Alert® had 2018 sales of $25,200 compared to $10,755 in 2017.

Gross profit increased by 31% for the three months ended March 31, 2018 to $334,385 or 58 percent of revenue from a comparable $254,713 or 58 percent of revenue for the three months ended March 31, 2017.

For the quarter ended March 31, 2018, finance costs were $18,984, $11,584 higher than the comparable costs of $7,400 for the quarter ended March 31, 2017.

The net income for the three months ended March 31, 2018 was $149,776 or $0.00 per share basic and fully diluted compared to net income of $54,906 or $0.00 per share basic and fully diluted for the three months ended March 31, 2017.

Outlook
The Company continues to focus its efforts on expanding the present market for its products while introducing those products into new markets as well as seeking out new products to compliment our other offerings.

The Company’s Brake Safe® product is well established in the Canadian market and inroads are now being made into the lucrative American market. With the implementation of its new, aggressive, safety enforcement and monitoring program, CSA (Compliance, Safety, Accountability), the Federal Motor Carrier Safety Administration is bringing the focus onto unsafe Carriers and unsafe Drivers in the US transportation industry. A significant increase in roadside enforcement, citations and fines for all driver and vehicle violations will impact positively on the sales growth of Brake Safe® products. A program has been developed to educate companies of these enforcement changes and the resulting increased intervention by regulatory agencies in order to capitalize on sales opportunities for Brake Safe

The Company’s Termin-8R® product continues to receive strong industry acceptance with a corresponding growth in sales to the transportation segment. The second private label arrangement, introduced in 2010 and made for a major supplier to the commercial transport industry, is proving to be a strong performer with 2018 private label sales, by dollar amount, now being 83% of total Termin-8R® product sales and 29% more than that of the previous year. The company believes that developing new private label arrangements will be a key to the ongoing growth in the sales of this product.

The Company will continue to form strategic distribution alliances to accelerate its sales outside the Canadian marketplace. The Company may seek sufficient additional funds to provide working capital, inventory and capital equipment as needs arise, but at the moment, cash flow from operations is sufficient to support current needs.

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News: SSA Appoints New Chairman & Subsidiary Director


2019-01-22 07:20 MT - News Release


Mr. Glen Campbell reports

SPECTRA INC. REPORTS APPOINTMENT OF NEW CHAIRMAN AND SPECTRA PRODUCTS INC. REPORTS ELECTION OF A NEW DIRECTOR.

At a meeting of the board of directors on Jan. 7, 2019, Glen Campbell was appointed as chairman of the board of Spectra Inc.

Mr. Campbell had previously held this position, resigning on October 24, 2018, when he was replaced by Mr. Andrew Malion.

Also, on January 7, 2019, Mr. Mark Donatelli was elected to the Board of Directors of Spectra Products Inc., a subsidiary of Spectra Inc., replacing Mr. Andrew Malion. Mr. Donatelli is Vice-President at B.E.S.T. Funds. B.E.S.T. Funds represents the largest shareholder of Spectra Inc. and is a welcome addition to the Board.

Mr. Malion continues in his roles as a Director of Spectra Inc. and as President of both Spectra Inc. and Spectra Products Inc.

Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake SafeO, the visual brake stroke indicating system, Brake InspectorO, the company's electronic in-cab air brake diagnostic system and the Termin-8RO line of anti-corrosion and extreme pressure lubricants. Spectra Products Inc. distributes Zafety Lug LockO, 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 AlertTM, 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.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.

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Spectra Inc. Reports Third Quarter 2018 Results

For Immediate Release – October 29, 2018

Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its financial results for the first nine months of 2018. Revenues for the nine-month period ending September 30, 2018 were $1,601,377 compared to $1,332,592 for the same period in 2017, an increase of 20.17 percent. Revenues for the third quarter ending September
30, 2018 were $559,181 compared to $432,186 in 2017, an increase of 29.38 percent.

The third quarter ending September 30, 2018 showed a net profit of $145,065 compared
to a net profit of $56,809 for the third quarter ended September 30, 2017.
During the nine-month period ending September 30, 2018, a net profit of $386,936 was
generated compared to a net profit of $190,424 for the nine-month period in 2017.
Cash generated by operations in the nine-month period ending September 30, 2018 was
$423,643 compared to the comparable amount of $215,721 in the nine-month period
ended September 30, 2017; an increase of 96.38%.
Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeŇ, the visual brake stroke
indicating system, Brake InspectorŇ, the company’s electronic in-cab air brake diagnostic
system and the Termin-8RŇ line of anti-corrosion and extreme pressure lubricants.
Spectra manufacturers and distributes the new Arrow Logger™ brake stroke data logger
that has been designed to enhance the performance of the Brake Safe® system. Spectra
distributes Zafety Lug LockŇ, 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 Alert™, 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,
Andrew Malion, Chairman, Spectra Inc.
Investor Relations: 1-800-308-5255
E-Mail: info@spectrainc.ca
Website: www.spectrainc.ca

--------------------
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http://bestfunds.ca/ - This is the largest shareholder of Spectra, who is now part of the subsidiary board of directors.

About BESTFUNDS:

About


Founded by John Richardson in 1996, we are a boutique Canadian venture firm with a track record spanning over 22 years. Since our inception, we have been involved with over 350 transactions, and we are proud of the portfolios we’ve built and of the achievements of our portfolio companies past and present. We are actively seeking to build on our track-record by continuing to identify tomorrow’s winning companies.



Our Focus
We invest across a broad range of sectors including cleantech and financial services. However, our focus is on emerging companies engaged in software, cloud computing, and SaaS business models. We provide growth capital to companies that are seeking to expand on the market penetration of their unique and compelling intellectual property.

We invest in equity and debt securities, but our main focus is on providing loans to growing companies. Our capital allows our clients to achieve the milestones they need to in order to drive the value of their business while minimizing dilution and leaving ultimate control in the hands of the entrepreneur.

It is our aim to help budding businesses successfully transition into public companies or to position them for a strategic sale. It is this process that creates liquidity for B.E.S.T. Funds and maximizes value for our shareholders and investors.



Accredited Investor Funds
B.E.S.T. Funds offers high-yield private placement opportunities for accredited investors seeking access to Canada’s most promising private companies in the software, cloud computing, financial services and clean tech fields.

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Spectra Inc. (SSA.V) Nine Month Results. All Information Available On SEDAR

Ticker Symbol: SSA.V
Current Price: $0.03
Common Shares: 60,509,971
Insider Holdings: 8.61% - All held by CEO
Institutional Holdings: 30% (Dynamic Venture Opportunities Fund)

Spectra Inc. has recorded 16 straight quarters of profits, with revenue increasing year over year

Most Recent Financial Statements (September 2018)
*Note* - Year End Will be out in March 2019, followed by Q1 2019 results in April

ASSETS
Cash: $353,454
Accounts Receivable: $291,734
Inventories: $196,269
Prepaid Expenses: 4,737
Total Assets: $846,194

LIABILITIES
Accounts Payable : $214,884
Royalty Debenture: $639,940
Preferred Shares: $450,468
Total Liabilities: $1,305,292

9 Month Sales
Revenue: $1,601,377
Cost Of Sales: $672,497
Gross Profit: $928,880
Total G&A Expenses: $541,944
Net Income: $386,936 or $0.0064 cents per share. Fair value at 10 times earnings is 6 cents

Management Discussion Highlights

The Company continues to focus its efforts on expanding the present market for its products while
introducing those products into new markets as well as seeking out new products to complement our
current wheel end safety offerings.

The Company’s Signature Brake Safe® product is well established in the Canadian market and is gaining
sales momentum in the lucrative American market. The Commercial Vehicle Safety Alliance [CVSA] is a
nonprofit association comprised of local, state, provincial, territorial and federal commercial motor vehicle
safety officials and industry representatives. The CVSA holds brake-focused enforcement events
throughout the year to identify and remove commercial vehicles with dangerous brake issues from the
roadways. Brakes out of adjustment continue to be the number ONE out service violation in North America
as evidenced this year during International Roadcheck and Operation Air Brake.

A program has been developed to educate companies of these enforcement changes and the resulting
increased intervention by regulatory agencies in order to capitalize on sales opportunities for Brake Safe.
The Company’s Termin-8R® product continues to receive strong industry acceptance with a corresponding
growth in sales to the transportation segment. The private label arrangement made for a leading supplier to
the commercial transport industry is proving to be an excellent performer.

The Company will continue to form strategic distribution alliances in the United Sates to accelerate its
wheel end safety product sales outside the Canadian marketplace.

The Company may seek sufficient additional funds to provide working capital, inventory and capital
equipment as needs arise, but at the moment, cash flow from operations is sufficient to support current
needs

The Company’s authorized share capital consists of an unlimited number of common shares; an unlimited
amount of first, second, third and fourth preferred shares and 540,000 second preferred shares, Series 1.
As at September 30, 2018, there were 60,509,971 outstanding common shares. As at September 30, 2018,
the following is a description of the outstanding equity securities and convertible securities previously
issued by the Company

During the nine months ended September 30, 2018, the Company earned $423,643 in operating activities
compared to earning $215,721 from operations during the same period in 2017. In 2018 non-cash items
contributed $29,950 for the period compared to $15,035 for the nine months ended September 30, 2017.
The Company made preference share redemptions of $125,000 in the nine months ended September 30,
2018, compared to making loan repayments of $150,000 in the nine months ended September 30, 2017.
These resulted in a net increase in cash resources of $298,643 and a cash resources balance at the end of the
period of $353,454. During the equivalent period in 2017, the Company showed a net increase in cash
resources of $65,721 and a cash resources balance of $145,467 at the end of the period.

Revenue:
Three months ended September 30, 2018
Revenue for the three months ended September 30, 2018 increased by 29 percent to $559,181 compared to
revenue of $432,186 for the three-month period ended September 30, 2017. The increase in revenue is
attributable to increases in sales of Termin-8r® from $138,882 to $163,013; Brake Safe® from $193,172 to
$264,152; Brake Inspector® from $2,244 to $6,899; Hub Alert® from $5,248 to $6,700 and sundry income
from $29,244 to $60,228 offset by decreases in sales of Zafety Lug Lock® from $63,035 to $57,920 and
Arrow Logger® from $361 to $269.
Nine months ended September 30, 2018
Revenue for the nine months ended September 30, 2018 increased by 20 percent to $1,601,377 compared to
revenue of $1,332,592 for the nine-month period ended September 30, 2017. The increase in revenue is
attributable to increases in sales of Termin-8r® from $424,223 to $450,460; Brake Safe® from $583,496 to
$756,570; Brake Inspector® from $19,603 to $21,975; Zafety Lug Lock® from $158,983 to $171,274; Hub
Alert® from $23,253 to $35,725 and sundry income from $121,389 to $164,117 offset by decreases in sales
of Arrow Logger® from $1,645 to $1,256.
Gross Profit:
Three months ended September 30, 2018
Gross profit increased by $99,298 for the three months ended September 30, 2018 to $323,988 or 58
percent of revenue from a comparable $224,690 or 52 percent of revenue for the three months ended
September 30, 2017.
Nine months ended September 30, 2018
Gross profit increased by 24% for the nine months ended September 30, 2018 to $928,880 or 58 percent of
revenue from a comparable $749,297 or 56 percent of revenue for the nine months ended September 30,
2017.
Gross profit margins will vary depending on the mix of product sales within the various product lines. In
addition, the mix of distribution channels may affect margins when sales are generated through distributors,
dealers and direct sales to OEM’s.

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Spectra Inc. Reports Appointment of a New Director for its
subsidiary, Spectra Products Inc.
For Immediate Release – April 11, 2019
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports that Mr. Mark Donatelli,
elected to the Board of Directors of Spectra Products Inc., a subsidiary of Spectra Inc. on
January 7, 2019 has resigned from that Board.
Mr. Andrew Malion a Director of Spectra Inc. and President of both Spectra Inc. and
Spectra Products Inc. and previously a Director of Spectra Products Inc. has been
appointed to fill the vacancy on the Board of Spectra Products Inc. created by Mr.
Donatelli’s resignation.
Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeŇ, the visual brake stroke
indicating system, Brake InspectorŇ, the company’s electronic in-cab air brake diagnostic
system and the Termin-8RŇ line of anti-corrosion and extreme pressure lubricants.
Spectra Products Inc. distributes Zafety Lug LockŇ, 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 Alert™, 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: info@spectrainc.ca
Website: www.spectrainc.ca

--------------------
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Spectra Inc. Reports Redemption of Preferred Shares
For Immediate Release – April 11, 2019
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports redemption of 100
Preferred Shares on March 31, 2019
Due to the strong results in 2018 and solid cash position at the end of the first quarter of
2019, the Corporation was able to redeem 100 Preferred Shares for $100,000 on March
31, 2019. This was three months ahead of the required redemption date of June 30,
2019.
With the 400 shares redeemed previously in 2017 and 2018 for $400,000, we will have
now redeemed $500,000 of the original balance of $750,000, leaving a remaining 250
shares with a value of $250,000 still outstanding. 125 of these shares are due for
redemption on December 31, 2019 and the final balance of 125 shares is due for
redemption on June 30, 2020.
Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeŇ, the visual brake stroke
indicating system, Brake InspectorŇ, the company’s electronic in-cab air brake diagnostic
system and the Termin-8RŇ line of anti-corrosion and extreme pressure lubricants.
Spectra Products Inc. distributes Zafety Lug LockŇ, 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 Alert™, 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: info@spectrainc.ca
Website: www.spectrainc.ca
____________________________________________________

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Spectra Inc. Reports Fourth Quarter 2018 Results

For Immediate Release – April 26, 2019

Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its financial results for the 12 months ended December 31, 2018. Revenues for the twelve month period ending December 31, 2018 were $2,045,806 compared to $1,780,609 for the same period in 2017. Revenues for the fourth quarter ending December 31, 2018 were $444,429 compared to $448,017 for the same period in 2017.

Net income was $495,372 during the twelve-month period ended December 31, 2018, compared to $222,810 for the same period in 2017. Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake SafeŇ, the visual brake stroke indicating system, Brake InspectorŇ, the company’s electronic in-cab air brake diagnostic system and the Termin-8RŇ line of anti-corrosion and extreme pressure lubricants.

Spectra Products Inc. distributes Zafety Lug LockŇ, 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 Alert™, 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: info@spectrainc.ca

Website: www.spectrainc.ca

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Spectra Inc. Now Trading On The OTC Under Symbol SPKTF

https://otce.finra.org/otce/dailyList?viewType=Additions

To find the listing, search the date April 25th 2019

04/25/2019 14:06:23

04/25/2019 00:00:00

SPKTF

Spectra Inc Ordinary Shares (Canada)

Other OTC

Y

100

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Spectra Inc. Reports First Quarter 2019 Results

For Immediate Release – May 6, 2019

Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its
financial results for the first 3 months of 2019. Revenues for the period ending March
31, 2019 were $495,507 compared to $572,009 for the same period in 2018.

The first quarter ending March 31, 2019 showed a net profit of $106,287 compared to net
profit for the three-month period in 2018 of $149,776.

Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeŇ, the visual brake stroke
indicating system, Brake InspectorŇ, the company’s electronic in-cab air brake diagnostic
system and the Termin-8RŇ line of anti-corrosion and extreme pressure lubricants.

Spectra Products Inc. distributes Zafety Lug LockŇ, 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 Alert™, 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: info@spectrainc.ca
Website: www.spectrainc.ca

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Spectra Inc Chart 2006-2019 Sales/Profit/Assets/Liabilities

http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1ed1fov-SSA%202006-2019.jpg

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Spectra Inc. Announces Private Placement

For Immediate Release – May 22, 2019

Toronto, Ontario – Spectra Inc. (SSA: TSXV) intends to complete a non-brokered private
placement of up to 16,500,000 units at a price of five cents ($0.05) per unit for gross
proceeds of up to $825,000 (the “Offering”)

Each unit consists of one common share (“Common Share”) in the capital of the Spectra
Inc. (the “Corporation”) and one-half of a Common Share purchase warrant (each a
“Warrant”). Each whole Warrant will entitle the holder thereof upon payment of $0.075
to acquire one Common Share at any time prior to 5.00 p.m. (Calgary time) eighteen (18)
months following the date the Warrants are issued (“Expiry Time”). If, at any time after
the Warrants are issued the closing price of the Common Shares on the TSXV for any
fifteen (15) consecutive trading days equals or exceeds $0.12, the Corporation will have
the option to, upon issuing a news release, accelerate the Expiry Time of the Warrants to
5.00 p.m. (Calgary time) on the date that is thirty (30) days following the date of such
news release (the “Accelerated Expiry Time”). Any Warrant not exercised prior to the
Expiry Time or the Accelerated Expiry Time, as applicable, shall be deemed to be void or
of no further force and effect.

The Corporation intends to use the net proceeds of the offering to payout the royalty
debenture of Spectra Products Inc. in the amount of $652,065 due August 6, 2019 and for
general corporate purposes.

Finders' fees of up to 7% of the gross proceeds raised by any finders may be payable in
either cash or Common Shares or a combination of both.

Closing of the Offering is subject to receipt of applicable regulatory approvals including
the approval of the TSXV. The securities issued will be subject to a standard four month
hold period.

Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeŇ, the visual brake stroke
indicating system, Brake InspectorŇ, the Corporation’s electronic in-cab air brake
diagnostic system and the Termin-8RŇ line of anti-corrosion and extreme pressure
lubricants. Spectra Products Inc. distributes Zafety Lug LockŇ, 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 Alert™, 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.

On behalf of the Board of Directors,
Andrew Malion, President, Spectra Inc.
Investor Relations: 1-800-308-5255
E-Mail: info@spectrainc.ca
Website: www.spectrainc.ca

--------------------
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Spectra closes $830,000 financing

2019-07-02 07:03 MT - News Release

Mr. Andrew Malion reports

SPECTRA INC. ANNOUNCES UPSIZE AND COMPLETION OF PRIVATE PLACEMENT

Spectra Inc. has closed its previously announced non-brokered private placement. The offering was increased from $825,000 to $830,000. Spectra has issued 16.6 million units at a price of five cents per unit for gross proceeds of $830,000.

Each unit consists of one common share in the capital of the corporation and one-half of a common share purchase warrant. Each whole warrant will entitle the holder thereof upon payment of 7.5 cents to acquire one common share at any time prior to 5 p.m. Calgary time on Dec. 28, 2020. If, at any time after the warrants are issued, the closing price of the common shares on the TSX Venture Exchange for any 15 consecutive trading days equals or exceeds 12 cents, the corporation will have the option to, upon issuing a news release, accelerate the expiry time of the warrants to 5 p.m. Calgary time on the date that is 30 days following the date of such news release. Any warrant not exercised prior to the expiry time or the accelerated expiry time, as applicable, shall be deemed to be void or of no further force and effect.

The corporation paid finders' fees in the aggregate amount of $34,125 which is equal to 7 per cent of the gross proceeds of the offering raised by such finders.

The common shares and warrants issued pursuant to the offering are subject to a four-month-plus-one-day hold period.

The corporation intends to use the net proceeds of the offering to pay out the royalty debenture of Spectra Products Inc. in the amount of $652,065 due Aug. 6, 2019, and for general corporate purposes.

Spectra, through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake Safe, the visual brake stroke indicating system, Brake Inspector, the corporation's electronic in-cab air brake diagnostic system, and the Termin-8R line of anti-corrosion and extreme pressure lubricants.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.

--------------------
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Fintect - FTEC
East West - EW

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Spectra repays $652,065 royalty debenture

2019-07-04 12:39 MT - News Release


Mr. Glen Campbell reports

SPECTRA INC. REPORTS REPAYMENT OF ROYALTY DEBENTURE

Spectra Inc. has noted the payout on June 28, 2019, of the royalty debenture in the amount of $652,065.

This royalty debenture was originally issued on Aug. 4, 2004, and was due to mature on Aug. 4, 2019.

The financing received on the recently completed private placement of 16.6 million common shares for a gross receipt of $830,000, allowed the repayment of the royalty debenture in full, extinguishing the debt.

Spectra, through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake Safe (a visual brake stroke indicating system), Brake Inspector (the company's electronic in-cab air brake diagnostic system) and the Termin-8R line of anti-corrosion and extreme pressure lubricants.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.

--------------------
Top picks:
Visionstate - VIS
Fintect - FTEC
East West - EW

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Spectra buys 1,315 Spectra Products shares from CABE

2019-07-08 07:26 MT - News Release


Mr. Glen Campbell reports

SPECTRA INC. ANNOUNCES PURCHASE OF COMMON SHARES OF SPECTRA PRODUCTS INC.

Spectra Inc. has purchased from CABE Financial Corp. a 33.25-per-cent interest in the common shares of Spectra Products Inc.

Pursuant to the transaction, Spectra purchased 1,315 common shares of Spectra Products from CABE for consideration of $300,000, resulting in Spectra owning 100 per cent of the issued and outstanding common shares of Spectra Products.

About Spectra Inc.

Spectra, through its wholly owned subsidiary, Spectra Products, is the Toronto-based North American designer, manufacturer and distributor of Brake Safe.

© 2019 Canjex Publishing Ltd. All rights reserved.

--------------------
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Fintect - FTEC
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Spectra redeems 250 preferred shares held by CABE

2019-07-09 11:22 MT - News Release


Mr. Andrew Malion reports

SPECTRA INC. REPORTS REDEMPTION OF PREFERRED SHARES

Spectra Inc. has redeemed 250 preferred shares held by CABE Financial Corp.

Due to continued strong results in the first half of 2019, the corporation was able to redeem 250 preferred shares for $250,000. This is well ahead of the required redemption dates of Dec. 31, 2019, and June 30, 2020; each for 125 shares at $1,000 per share.

"With this redemption, we will have now redeemed all of the 750 preferred shares originally issued to Dynamic Venture Opportunity Fund and acquired by CABE in December, 2017," stated Andrew Malion, president of Spectra.

About Spectra Inc.

Spectra, through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake Safe, Brake Inspector and the Termin-8R. Spectra manufacturers and distributes the new Arrow Logger brake stroke data logger that has been designed to enhance the performance of the Brake Safe system.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.

--------------------
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Fintect - FTEC
East West - EW

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Spectra's Campbell resigns as director, chairman

2019-07-15 10:00 MT - News Release


Mr. Andrew Malion reports

SPECTRA INC. REPORTS RESIGNATION OF DIRECTOR AND CHAIRMAN

Glen Campbell has resigned as a director and chairman of both Spectra Products Inc. and Spectra Inc. His role as Chairman will be fulfilled by Mr. Andrew Malion, currently President of both companies.

Mr. Campbell will continue to provide financial consulting services to the Companies and will retain the position of Chief Financial Officer. Mr. Malion commented "Mr. Campbell has decided to go into "semi-retirement" and to reduce his corporate responsibilities. We are pleased that he will continue to provide critical administrative and financial reporting services to both companies until the end of 2022."

Spectra Inc., also advises that Mr. Kevin Haney of Dauphin, Manitoba was nominated to fill this vacancy on the Board of Directors and this nomination has been accepted by the Board. Mr. Haney will join the Board of Directors subject to Regulatory consent. Mr. Haney has over 20 years of business experience in the Oil industry and over a decade in the Transportation Logistics business. Mr. Haney is also a Director of KFG Resources (TSXV: KFG).

Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake Safe(, the visual brake stroke indicating system, Brake Inspector(, the company's electronic in-cab air brake diagnostic system and the Termin-8R( line of anti-corrosion and extreme pressure lubricants. Spectra manufacturers and distributes the ARROW LOGGER(TM) brake stroke data logger that has been designed to enhance the performance of the Brake Safetrademark system. Spectra distributes Zafety Lug Lock(, 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 ALERT(TM), an innovative heat sensing label that provides an alert for overheating wheel ends, reducing the risk of bearing failure.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.

--------------------
Top picks:
Visionstate - VIS
Fintect - FTEC
East West - EW

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Spectra's Patel resigns as director

2019-07-22 13:25 MT - News Release


Mr. Andrew Malion reports

SPECTRA INC. REPORTS RESIGNATION OF DIRECTOR

Kam Patel has resigned as a director of Spectra Inc. A replacement for his position on the board of directors will be announced in the near future.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.

--------------------
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Visionstate - VIS
Fintect - FTEC
East West - EW

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Spectra earns $192,662 in Q2 2019

2019-07-31 09:34 MT - News Release


Mr. Andrew Malion reports

SPECTRA INC. REPORTS SECOND QUARTER 2019 RESULTS

Spectra Inc. has released its financial results for the first six months of 2019. Revenues for the six-month period ending June 30, 2019 were $1,163,187 compared to $1,042,196 for the same period in 2018, an increase of 11.6 percent. Revenues for the second quarter ending June 30, 2019 were $668,310 compared to $470,187 in 2018, an increase of 42.1 percent.

The second quarter ending June 30, 2019 showed a net profit of $192,662 compared to a net profit of $92,095 for the second quarter ended June 30, 2018.

During the six-month period ending June 30, 2019, a net profit of $298,949 was generated compared to a net profit of $241,871 for the six-month period in 2018.

Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake Safe(, the visual brake stroke indicating system, Brake Inspector(, the company's electronic in-cab air brake diagnostic system and the Termin-8R( line of anti-corrosion and extreme pressure lubricants. Spectra manufacturers and distributes the new ARROW LOGGER(TM) brake stroke data logger that has been designed to enhance the performance of the Brake Safetrademark system. Spectra distributes Zafety Lug Lock(, 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 ALERT(TM), 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.

© 2019 Canjex Publishing Ltd. All rights reserved.

--------------------
Top picks:
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Fintect - FTEC
East West - EW

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Spectra earns $136,828 in Q3 2019

2019-10-28 12:29 MT - News Release


Mr. Andrew Malion reports

SPECTRA INC. REPORTS THIRD QUARTER 2019 RESULTS

Spectra Inc. has released its financial results for the first nine months of 2019. Revenues for the nine-month period ending Sept. 30, 2019, were $1,655,103 compared with $1,601,377 for the same period in 2018, an increase of 3.36 per cent. Revenues for the third quarter ending Sept. 30, 2019, were $491,286 compared with $559,181 in 2018, a decrease of 12.15 per cent.

The third quarter ending Sept. 30, 2019, showed a net profit of $136,828 compared with a net profit of $145,065 for the third quarter ended Sept. 30, 2018.

During the nine-month period ending Sept. 30, 2019, a net profit of $435,777 was generated compared with a net profit of $386,926 for the nine-month period in 2018.

About Spectra Inc.

Spectra, through its subsidiary, Spectra Products, is the Toronto-based North American designer, manufacturer and distributor of Brake Safe, a visual brake stroke indicating system; Brake Inspector, the company's electronic in-cab air brake diagnostic system; and the Termin-8R line of anti-corrosion and extreme-pressure lubricants.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.

--------------------
Top picks:
Visionstate - VIS
Fintect - FTEC
East West - EW

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IPA.V hitting an all time high now (over ($2 a share) and SSA.V has a $75,000 debenture that is convertible to 88,000 shares at a cost of $0.85. So between the earnings from selling Spectra Products, plus the increase in value on their debenture investment, I would say the stock is quite undervalued.

--------------------
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Fintect - FTEC
East West - EW

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Spectra earns $121,910 before taxes in Q3

2020-10-15 07:55 MT - News Release


Mr. Andrew Malion reports

SPECTRA PRODUCTS INC. REPORTS 3RD QUARTER RESULTS

Spectra Products Inc. has released its financial results for the nine months ended Sept. 30, 2020. Revenues for the nine-month period ending September 30, 2020 were $1,185,159 compared to $1,655,103 for the same period in 2019. Revenues for the third quarter ending September 30, 2020 were $343,882 compared to $491,286 for the same period in 2019.

In the nine-month period ended September 30, 2020, a net profit before income taxes of $373,285 was earned compared to a net profit before income taxes of $435,777 for the nine-month period ended September 30, 2019. In the third quarter ended September 30, 2020, a net profit before income taxes of $121,910 was earned compared to a net profit before income taxes of $136,828 for the third quarter ended September 30, 2019.

As a result of the COVID-19 virus, the slow-down in the various market segments reduced the Company's revenue levels in the third quarter of 2020, however the Company was still able to remain profitable. The Company has strong cash reserves and is well positioned to maintain operations, albeit at reduced levels of revenue and profitability, until market levels return to normal.

Spectra Products Inc. is the Toronto-based North American designer, manufacturer and distributor of wheel end safety products to the transportation industry. These products include Brake SafeO, Brake InspectorO, Zafety Lug LockO, Hub AlertTM and the Anti-Seize Cotter PinTM as well as the Termin-8RO line of anti-corrosion and extreme pressure lubricants.

We seek Safe Harbor.

--------------------
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Visionstate - VIS
Fintect - FTEC
East West - EW

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Year Revenue Profit/(-Loss) Assets Liabilities Asset/Debt Ratio
2006 $807,000 -$485,000 $464,000 $2,505,000 0.19
2007 $794,000 -$1,010,000 $678,000 $2,104,000 0.32
2008 $844,000 -$758,000 $593,000 $2,630,000 0.23
2009 $774,000 -$648,000 $353,000 $3,040,000 0.12
2010 $1,160,000 -$340,000 $388,000 $3,400,000 0.11
2011 $1,230,000 $177,000 $399,000 $2,146,000 0.19
2012 $1,170,000 -$315,000 $274,000 $2,260,000 0.12
2013 $1,280,000 -$74,000 $292,000 $2,280,000 0.13
2014 $1,440,000 $45,000 $343,000 $2,207,000 0.16
2015 $1,820,000 $189,000 $445,000 $1,840,000 0.24
2016 $1,550,000 $152,000 $417,000 $1,490,000 0.28
2017 $1,780,609 $222,810 $479,631 $1,325,665 0.36
2018 $2,045,806 $495,372 $747,183 $1,097,845 0.68
2019 $2,036,047 $872,875 $1,432,222 $370,683 3.86
2020(Q1-Q3) $1,185,159 $274,365 $1,640,772 $304,868 5.38

--------------------
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Fintect - FTEC
East West - EW

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SSA Technical Charts - 100% Buy Rating

https://www.barchart.com/stocks/quotes/SSA.VN/opinion

Overall Average:
100% BUY
Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.

Barchart Opinion
INDICATOR
Opinion Strength & Direction
Composite Indicator
TrendSpotter
BUY
Short Term Indicators
20 Day Moving Average
BUY
20 - 50 Day MACD Oscillator
BUY
20 - 100 Day MACD Oscillator
BUY
20 - 200 Day MACD Oscillator
BUY
20 - Day Average Volume: 210,365 Average: 100% BUY
Medium Term Indicators
50 Day Moving Average
BUY
50 - 100 Day MACD Oscillator
BUY
50 - 150 Day MACD Oscillator
BUY
50 - 200 Day MACD Oscillator
BUY
50 - Day Average Volume: 177,835 Average: 100% BUY
Long Term Indicators
100 Day Moving Average
BUY
150 Day Moving Average
BUY
200 Day Moving Average
BUY
100 - 200 Day MACD Oscillator
BUY
100 - Day Average Volume: 142,160 Average: 100% BUY

--------------------
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Fintect - FTEC
East West - EW

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Spectra Products Inc. Reports Fourth Quarter 2020 Results

For Immediate Release – April 27, 2021

Toronto, Ontario – Spectra Products Inc. (SSA: TSX VENTURE) reports the release of its financial results for the twelve-month ended December 31, 2020. Revenues for the twelve-month period ending December 31, 2020 were $1,594,026 compared to $2,036,047 for the same period in 2019. Revenues for the fourth quarter ending December 31, 2020 were $408,867 compared to $380,944 in 2019.

In the twelve-month period ended December 31, 2020, income before income taxes of $486,528 was earned and other comprehensive income before income taxes of $285,041 was earned, resulting in total comprehensive income before income taxes for the twelve-month period ended December 31, 2020 of $771,569. For the twelve-month period ended December 31, 2020 total comprehensive income, after income taxes, was $603,462.

“In spite of the severe downturn in the economy due to Covid-19, the Company’s Gross Profit decreased much less than the general decline in the economy. Also, management was able to produce substantial reductions in expenses. Together these factors allowed the company to report its second highest level of Income Before Taxes in the Company’s history.” stated Andrew Malion, the Company’s President.

Comparatively, in the twelve-month period ended December 31, 2019, income before income taxes of $364,468 was earned and other comprehensive income before income taxes of $0 was earned, resulting in total comprehensive income before income taxes for the twelve-month period ended December 31, 2019 of $364,468. As a result of the improved financial position of the Company, in the fourth quarter of 2019, a deferred tax asset of $508,407 was recognized. Accordingly, for the twelve-month period ended December 31, 2019 total comprehensive income, after income taxes, was $872,875.
In the fourth quarter ended December 31, 2020, income before income taxes of $113,243 was earned and other comprehensive income before income taxes of $285,041 was earned, resulting in total comprehensive income before income taxes for the fourth quarter ended December 31, 2020 of $389,284. For the fourth quarter ended December 31, 2020 total comprehensive income, after income taxes, was $329,097.

Spectra Products Inc. is the Toronto-based North American designer, manufacturer and distributor of wheel end safety products to the transportation industry. These products include Brake SafeÒ, Brake InspectorÒ, Zafety Lug LockÒ, Hub Alert™ and the Anti-Seize Cotter Pin™ as well as the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.
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,
Andrew Malion, President, Spectra Products Inc.
Investor Relations: 1-800-308-5255
E-Mail: info@spectrainc.ca
Website: www.spectrainc.ca

--------------------
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Fintect - FTEC
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Spectra Products Inc. Company Performance Chart From 2006 To 2020

Year--- Revenue--- Profit/(-Loss)--- Assets/Liabilities--- Asset/Debt Ratio
2006--- $807,000--- (-$485,000)--- $464,000--- $2,505,000--- 0.19
2007--- $794,000--- (-$1,010,000)--- $678,000--- $2,104,000--- 0.32
2008--- $844,000--- (-$758,000)--- $593,000--- $2,630,000--- 0.23
2009--- $774,000--- (-$648,000)--- $353,000--- $3,040,000--- 0.12
2010--- $1,160,000--- (-$340,000)--- $388,000--- $3,400,000---0.11
2011--- $1,230,000--- $177,000--- $399,000--- $2,146,000--- 0.19
2012--- $1,170,000--- (-$315,000)--- $274,000--- $2,260,000--- 0.12
2013--- $1,280,000--- (-$74,000)--- $292,000--- $2,280,000--- 0.13
2014--- $1,440,000--- $45,000--- $343,000--- $2,207,000--- 0.16
2015--- $1,820,000--- $189,000--- $445,000--- $1,840,000--- 0.24
2016--- $1,550,000--- $152,000--- $417,000--- $1,490,000--- 0.28
2017--- $1,780,609--- $222,810--- $479,631--- $1,325,665--- 0.36
2018--- $2,045,806--- $495,372--- $747,183--- $1,097,845--- 0.68
2019--- $2,036,047--- $872,875--- $1,432,222--- $370,683--- 3.86
2020--- $1,594,026--- $603,462--- $1,948,485--- $283,484--- 6.87

--------------------
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Visionstate - VIS
Fintect - FTEC
East West - EW

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Spectra Products has a new company presentation on their website. It also talks about Termin8r for us on batteries.

On Page 5:

Termin-8R has been protecting Electronics against corrosion for over 25 years in North America. The Electrical Vehicle (EV) Market has moved into the fast lane and the electrification of Passenger and Commercial vehicles is here to stay. If your Electric vehicle is even a few years old, chances are your charge port is starting to show signs of corrosion. Allowing this corrosion to build up can lead to contact failure, overheating, shorting, and a reduction in charging efficiency. As a result, your battery will take longer to load or fail to charge up fully. Low Volatile Organic Compound (VOC) means Termin-8R is safe for use on sensitive materials such as circuit boards, computer sensors, silicone, rubber and plastic, with no risk of damage or performance degradation. Many chemical sprays have high VOC levels and are damaging to equipment and components in day to day use for numerous transportation applications. Multi-functional Termin-8R® outperforms single-use chemical sprays and eliminates the need to stock many limited, one-use-only products: Dielectric Lubrication, Penetrant and Anti-Seize, High Pressure Lubricant, Corrosion Removal & Control, Moisture Eliminator, Contact Cleaner, Chain & Cable Lubricant, Battery Terminal Cleaner & Protector. Termin-8R’s dielectric feature makes it safe and ideal for electrical connections and equipment.

--------------------
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Visionstate - VIS
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Spectra Products Inc. Reports First Quarter 2021 Results

For Immediate Release – May 17, 2021

Toronto, Ontario – Spectra Products Inc. (SSA: TSX VENTURE) reports the release of its financial results for the
three-months ended March 31, 2021.

Revenues for the three-month period ending March 31, 2021 were $489,704 compared to $535,926 for the same period
in 2020.

In the three-month period ended March 31, 2021, net income before taxes of $78,689 was earned compared to net
income before taxes of $176,513 for the same period in 2020.

The main factors that contributed to the $97,824 decrease in net income were an $83,980 expense in 2021 as a result of the issuance of director and employee stock options and a $16,948 reduction in gross profit, due to lower sales.

As at March 31, 2021, Cumulative Other Comprehensive Income, representing the after-tax unrealized gain on investments, totaled $164,799.

Spectra Products Inc. is the Toronto-based North American designer, manufacturer and distributor of wheel end safety products to the transportation industry. These products include Brake Safe, Brake Inspector, Zafety Lug Lock, Hub Alert™ and the Anti-Seize Cotter Pin™ as well as the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.

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.

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