WINCHESTER, ON,
April 30, 2013 /CNW/ - Botaneco Corp.
(the "Company") (TSXV: BOT) reports that revenue of $3,160,569 was recorded for the year ended
December 31, 2012 representing an
increase of $1,294,063 (69%) over the
prior year. These increased revenues are primarily attributable to
the sales generated by Natunola of $1,854,929. Of the total revenue, $1,223,796 was provided by discontinued
operations. The discontinued operations refer to the assets and
liabilities held for sale of Botaneco Specialty Ingredients Inc., a
wholly owned subsidiary, based in Calgary, AB as disclosed in an earlier press
release dated March 28, 2013.
A net loss of $3,017,913 was recorded for the year ended
December 31, 2012, a decrease of
$843,199 over the prior year. This
reduced loss was attributable primarily to: (a) an increase in
revenues and gross profit due to the acquisition of Natunola that
occurred in October 2011; and (b) a
reduction in G&A expenses occurring due to reduced employment
costs as the number of higher earning employees has been reduced
since the previous year. Of this loss, $1,550,544 was due to discontinued
operations.
Basic and diluted loss per share was
$0.04 for the year ended December 31, 2012 compared to $0.10 in the previous year.
Detailed financial statements and the Management
Discussion and Analysis can be found at the company website site at
www.botanecocorp.com or www.sedar.com
About the Company:
For more information regarding Botaneco Corp., please visit
www.botanecocorp.com or www.sedar.com
Some of the statements contained in the release are
forward-looking statements, such as estimates and statements that
describe the Company's future plans, objectives or goals, including
words to the effect that the Company or management expects a stated
condition or result to occur. Since forward-looking statements
address future events and conditions, by their very nature, they
involve inherent risks and uncertainties. Actual results in each
case could differ materially from those currently anticipated in
such statements.
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.
SOURCE Botaneco Corp.