Spectra Inc. Reports Fourth Quarter 2018 Results For Immediate Release – April 26, 2019 Toronto, Ontario – Spectra Inc. reports the release of its financial results for the 12 months ended December 31, 2018. Revenues for the twelvemonth 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 SafeÒ, the visual brake stroke indicating system, Brake InspectorÒ, the company’s electronic in-cab air brake diagnostic system and the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants. Spectra Products Inc. distributes Zafety Lug LockÒ, 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: [email protected] Website: www.spectrainc.ca
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 SafeÒ, the visual brake stroke indicating system, Brake InspectorÒ, the company’s electronic in-cab air brake diagnostic system and the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants. Spectra Products Inc. distributes Zafety Lug LockÒ, 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: [email protected] Website: www.spectrainc.ca
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 SafeÒ, the visual brake stroke indicating system, Brake InspectorÒ, the Corporation’s electronic in-cab air brake diagnostic system and the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants. Spectra Products Inc. distributes Zafety Lug LockÒ, 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: [email protected] Website: www.spectrainc.ca
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.
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.
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.
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.
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.
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.