|Aerocast Announces Year End and First Quarter Financial Results|
November 17, 2011: Aerocast Inc. (CNSX: A; Frankfurt Stock Exchange: 0AE; www.aerocastinc.com) announces that it has SEDAR filed its audited financial statements and related management’s discussion and analysis for the fiscal year ended March 31, 2011, which state that for the year ended March 31, 2011, the company realized revenues of $1,466,928 and gross margins before foundry expenses and G&A expenses of $331,632.
Aerocast has also SEDAR filed its unaudited financial statements and related management’s discussion and analysis for the three months ended June 30, 2011, which state that the company generated revenues of $343,754 and gross margins before foundry expenses and G&A expenses of $70,669.
Aerocast is in the process of filing applications for revocation of the cease trade orders issued by the Ontario Securities Commission and Alberta Ontario Securities Commission on August 23, 2011 and November 8, 2011. A cease trade order issued by the British Columbia Securities Commission on August 9, 2011 was fully revoked on November 10, 2011. The cease trade orders were imposed on the Company in British Columbia and Ontario for failure to file its annual audited financial statements, related MD&A and other required documents for the year ended March 31, 2011 within the prescribed time period, and in Alberta for failure to file its required filings for the interim period ended June 30, 2011.
For more information, contact:
Tel. (480) 830-0848 ext. 102
About Aerocast Inc.
Aerocast operates a high-growth sand-casting foundry that produces complex aluminum and magnesium castings primarily for the aerospace industry. Customers include Honeywell Aerospace, Hamilton Sundstrand, Sikorsky Aircraft and Shimadzu Precision Instruments. Aerocast is experiencing high demand for its products and has limited competition.
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