Dectron Internationale issues third quarter results
16 Décembre 2003 - 4:29PM
PR Newswire (US)
Dectron Internationale issues third quarter results SYMBOL: NASDAQ:
DECT www.dectron.com Shares Outstanding: 2,795,000 MONTREAL, Dec.
16 /PRNewswire-FirstCall/ -- Dectron issued its third quarter
results for the period ending October 31, 2003 with an increased
Net Sales of 13%, as compared to the same period in 2002. The
Company's net earnings show a decline based on their aggressive
approach to increase market share, particularly in North America.
"Dectron has positioned itself to fully capitalize on the
inevitable economic upturn expected in the short term," said Ness
Lakdawala, President and CEO. "Our respective sales divisions have
taken a no-holds barred approach to aggressively pursue projects in
regions where competition has been strong, and as a result, we have
increased market presence." This policy is consistent with
Dectron's approach to opening new markets, particularly in the
Middle East. "Expenditures on international trade shows continue to
provide entry into the areas that have been neglected, but are now
showing signs of significant potential," explained Mauro Parissi,
CFO. "Dectron is starting to see an increase in sales in
international markets, thanks to the effort and strategy that was
outlined in 2002." The Research and Development focus continues as
new market requirements and/or opportunities present themselves.
Current focus on Dectron's Moisture Recovery Unit(R) (MRU) and
Dectron's Ecosaire(R) line of Precision Environmental Control
systems have helped maintain the Company's image as a leader in
technological advancement in the Heating, Ventilation and Air-
Conditioning industry. "Our technical sales group has identified
excellent opportunities in the past and are continuing to do so. We
expect to see several successful applications of new products in
the upcoming quarter," stated Mr. Parissi. Dectron Internationale
supplies a complete range of products for indoor air quality,
serving the air purification, dehumidification, energy recycling,
refrigeration and air-conditioning markets. Dectron distributes its
products worldwide through a network of highly skilled agents and
is one of very few manufacturers in the world to combine multiple
technologies in indoor air treatment systems. Dectron
Internationale manufactures designer indoor air(TM) products that
specialize in combining: Air Purification, Humidity &
Temperature Control and Energy Recovery. As a fully integrated
company, Dectron Internationale is poised to benefit from the huge
potential of the indoor air quality market. In addition, Dectron
Internationale's IWM (International Water Makers, Inc.) division
possesses proprietary water- generation-from-air technology and
products designed to provide pure, potable water for a variety of
different applications and end-users. The Company's shares are
listed on the NASDAQ under the ticker symbol DECT . DATASOURCE:
DECTRON INTERNATIONALE INC. CONTACT: Product : Brian Monk, V.P
Marketing and Sales, Dectron Internationale Inc., 800-DECTRON,
Email: ; Investors: Michael Small and Tina Cameron, Renmark
Financial Communications Inc., (514) 939-3989, Email: ,
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