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Sofame Investor News
(TSXV: SDW), (OTC: SFMGF)
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Editor's Message
If you believe global warming is a trend, please help make others aware of the good work we are doing to address one cause of climate change, by increasing the visibility of our company. Share this e-mail or any of the content on the main social media sites. Also please JOIN SOFAME on Facebook, Linked-In and Twitter and share these sites with your social media contacts! This is important in the digital world we have created. Welcome to this issue of Sofame Investor News on how your company helps facilities managers around the globe by recapturing waste energy to reduce fuel costs, CO2 and NOx emissions. Please let us know what you think of this issue and how we can help better serve you. Sofame was featured in the magazine Canadian Industry Online in October 2013. It's a great exposé on our mission. Read it here! If you missed our new video in the last newsletter, please be sure to watch the new videos below in both French and English. These were published recently, so please share them on social media to help us get the word out!
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Aline Belanger Joins Sofame Technologies Board
MONTREAL, February 26, 2014 -Sofame Technologies Inc. (TSXV:SDW) (OTC:SFMGF) is pleased to welcome Aline Belanger to its Board of Directors. Ms. Bélanger has over 20 years of experience in finance and accounting at companies including enGlobe, AVESTOR, CAE Inc., Bell Canada International, Pricewaterhouse Coopers, Ernst & Young and Cycle Capital Management.
During her career, Ms. Belanger has participated in more than a billion dollars of debt financing, and overseen acquisitions totaling more than $500 million. She has also participated in about $100 million of venture capital financing, the latter focusing on clean technologies.
According to Robert Presser, Sofame's Board Chairman, "Aline Belanger will greatly enhance the diversity of expertise on our board of directors. She is widely recognized for her planning and financial analysis capabilities, clearly evident in her extensive track record in managing corporate restructuring, mergers and acquisitions. She brings to Sofame the in-depth expertise we need as we move forward."
Ms. Bélanger has been a member of the board of PyroGenesis Canada Inc (TSXV:PYR) since 2011.
For further information: Stone Communication Services
John Gocek Jason Stone
President & CEO (416) 867-2533
Neither 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 or accuracy of this release.
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Key Development in the Year Ended September 30, 2013
MONTREAL, February 13, 2014 - Sofame Technologies Inc. (TSXV: SDW) (OTC: SFMGF) has reported net sales of $1,603,413 for the 2013 fiscal year ended September 30th, and a net loss of ($ 296,398) for the year.
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2013 Net Sales of $ 1,603,413(a) compared to $ 1,802,080 in 2012, a decrease of 11%
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2013 Gross Profit of $ 329,770 (20.5%) compared to $ 368,820 (20.6%) in 2012
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Nine orders totalling $ 2.7 million were received between August 2012 and December 31, 2013
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Op. Ex. declined 12.4% to $ 451,604 in 2013 from $ 515,428 in 2012 versus $ 849,058 in 2011
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2013 Operating Loss was ($ 121,834) (7.6%) versus ($146,608) in 2012 & ($ 980,780) in 2011
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Net Loss in 2013 was ($ 296,398) compared to Net Earnings of $ 119,974 in 2012
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In 2012 Sofame recorded an extraordinary gain on conversion of debt to shares of $ 444,202
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EBITDA in 2013 was $ 151,942 versus $ 587,575 in 2012
Notes:
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Deferred revenues includes an increase of $ 174,560 representing engineering work on two projects which was completed and paid for, but not booked a sales because the equipment portion of the contract was not yet in process as of September 30, 2013.
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These are the financial highlights only. Management`s Discussion and Analysis, the consolidated statements of financial position, cash flows, and notes thereto of Sofame Technologies Inc. are available at www.sedar.com.
$ 3 Million Revolving Credit Line
In 2013, the Company signed a Letter of Intent with a lender in New York for a $ 3 million revolving line of credit to be secured by all assets of the Company. The first disbursement of US$ 400,000 occurred in September 2013, four months later. Further disbursements will be secured by increases in trade accounts receivable.
Negotiations for a Significant Order of PercofracTM Equipment
Sofame began selling the 100% efficient PercofracTM 10 MMBTU and 30 MMBTU mobile water heaters in the summer of 2013. Witness testing of the units in the gas fields after they were mounted on trailers equipped with pumps, generators and propane vaporizers went very well. There is discussion of orders for multiple units to serve the burgeoning fracking business. Developments will be promptly reported.
Negotiations to Acquire a Company in the Same Industry
Sofame began negotiations in 2012 to acquire a company operating in the same industry. These negotiations have progressed further and an acquisition is within the realm of possibility, if the required debt financing can be negotiated. Discussions are under way with several potential lenders. Any concrete developments will be reported promptly.
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Natural gas used for heating is much cleaner than coal, but it still produces greenhouse gas. To help reduce natural gas consumption, Montreal-based company Sofame Technologies has developed a clean technology to recuperate residual heat from steam boilers. Ecole Polytechnique is one of places that has invested in this technology to improve its energy efficiency. In the second of eight videos that will highlight green technology in Quebec, video blogger Véronique Paquette-Corriveau of Ecotech Quebec discovered how the engineering school is able to heat two buildings for the price of one with Sofame's made-in-Québec innovation.
En video: Maximiser le gaz naturel (cliquez)
 Journal Metro, Montrel, 28 juillet 2013Le gaz naturel destiné au chauffage est bien moins polluant que le charbon, mais il émet tout de même du CO2! Pour permettre de réduire la consommation de gaz naturel, l'entreprise québécoise Sofame Technologies a développé une technologie propre permettant de récupérer la chaleur qui s'échappe normalement d'une chaudière à vapeur. Comme plusieurs aéroports, hôpitaux et usines, Polytechnique Montreal a investi dans cette technologie pour améliorer son rendement énergétique. La vidéoblogueuse Véronique Paquette-Corriveau de
a découvert comment cette école d'ingénierie chauffe deux bâtiments pour le prix d'un grâce à cette innovation québécoise.
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| So Energy Efficient. Sofame. |
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