CalciTech Files 2009 Results
The Company contained and reduced overhead costs for the year 2009 resulting in a reduction of net loss to $1,081,000 from $2,025,000. Total shareholder equity increased from $609,000 to $5,145,000. The financial statements will be presented to the shareholders in due course at the annual general meeting, but in the meantime can also be viewed on the Company's website: www.calcitech.com.
During the year the Company continued with its programme for developing a number of European projects. Two extremely important announcements regarding new patent applications were made. The first will extend the coverage and term of our original patent, while the second provides us with a further waste, paper sludge ash, resulting from the recycling of paper.
Roger Leopard CEO comments "Our ability to work with new waste materials significantly enhances our environmental credentials and our ability to offer, in particular to the paper industry, some real economic and sustainable solutions."
For further information:
CalciTech Ltd.
North America Investor Relations
Andrew Barwicki
Email: Andrew@barwicki.com
Tel: +1 800 481 5119 (USA toll free)
Europe:
Thomas Shortt
Email: Thomas.Shortt@calcitech.com
Tel: +41 22 710 4020
The directors of the company take responsibility for this announcement.
This press release contains "forward looking statements" including forward looking statements as that term is defined in section 27a of the United States Securities Act of 1933 and section 21e of the Securities and Exchange Act of 1934. Statements in this press release, which are not purely historical are forward looking statements and include any statements regarding beliefs, expectation or intentions concerning the future. Forward looking statements in this press release include, but are not limited to statements which are subject to a number of contingencies and uncertainties, including, but not limited to, market acceptance for CalciTech's products, manufacturing of CalciTech's products in a commercial setting, obtaining adequate financing and construction management for production and obtaining appropriate permits.
It is important to note that the corporation's actual outcomes may differ materially from those in forward looking statements contained in this press release. Although the company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations and intentions will prove to be accurate. Readers should refer to the risks disclosures in the company's public filings with the Securities and Exchange Commission.
Calcitech Procures New Waste Lime Deposit
The waste lime will be converted into high quality Synthetic Calcium Carbonate for customers in the paper industry and finished product will be mainly for export. Although production may be feasible at Guardo, a production site near the port of Santander may be a more economic alternative. The production benchmark will be determined from the feasibility study now to be conducted.
Michael Watts, Marketing Director comments "This material will provide an excellent economic source of high quality SCC to meet paper industry specification with a strong positive environmental impact to the region."
The Guardo Township would benefit from recovery of the land with the elimination of this polluting source of waste and the site can be returned to its natural state. The waste material use will allow the sequester of CO2 emissions and permit carbon credits to be claimed. Potential employment will be created and CalciTech expects to receive state assistance to build this plant when the feasibility is successfully completed.
For further information:
CalciTech Ltd.
North America Investor Relations
Andrew Barwicki
Email: Andrew@barwicki.com
Tel: +1 800 481 5119 (USA toll free)
Europe:
Thomas Shortt
Email: Thomas.Shortt@calcitech.com
Tel: +41 22 710 4020
The directors of the company take responsibility for this announcement.
This press release contains "forward looking statements" including forward looking statements as that term is defined in section 27a of the United States Securities Act of 1933 and section 21e of the Securities and Exchange Act of 1934. Statements in this press release, which are not purely historical are forward looking statements and include any statements regarding beliefs, expectation or intentions concerning the future. Forward looking statements in this press release include, but are not limited to statements which are subject to a number of contingencies and uncertainties, including, but not limited to, market acceptance for CalciTech's products, manufacturing of CalciTech's products in a commercial setting, obtaining adequate financing and construction management for production and obtaining appropriate permits.
It is important to note that the corporation's actual outcomes may differ materially from those in forward looking statements contained in this press release. Although the company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations and intentions will prove to be accurate. Readers should refer to the risks disclosures in the company's public filings with the Securities and Exchange Commission.
Calcitech Appoint US Investor Relations
Barwicki Investor Relations Inc. represents publicly traded companies to the investment community. Their clients include public companies listed / trading on the NYSE / AMEX, NASDAQ, OTCBB, Toronto Stock Exchange, Australian Stock Exchange and London Stock Exchange.
Andrew Barwicki, President of Barwicki Investor Relations Inc., who will personally manage the account, has over 19 years experience in finance, investor relations, investment banking and marketing. He has worked in numerous industries and represented public companies in various sectors including consumer products, banking, mining and exploration, media and entertainment, advertising, technology, biotech / pharmaceuticals and financial services.
For further information:
CalciTech Ltd.
Thomas Shortt
Email: Thomas.Shortt@calcitech.com
Tel: +41 22 710 4020
Andrew Barwicki
Tel: +1 800 481 5119 (USA toll free)
www.calcitech.com
The directors of the company take responsibility for this announcement.
This press release contains "forward looking statements" including forward looking statements as that term is defined in section 27a of the United States Securities Act of 1933 and section 21e of the Securities and Exchange Act of 1934. Statements in this press release, which are not purely historical are forward looking statements and include any statements regarding beliefs, expectation or intentions concerning the future. Forward looking statements in this press release include, but are not limited to statements which are subject to a number of contingencies and uncertainties, including, but not limited to, market acceptance for CalciTech's products, manufacturing of CalciTech's products in a commercial setting, obtaining adequate financing and construction management for production and obtaining appropriate permits.
It is important to note that the corporation's actual outcomes may differ materially from those in forward looking statements contained in this press release. Although the company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations and intentions will prove to be accurate. Readers should refer to the risks disclosures in the company's public filings with the Securities and Exchange Commission.
Calcitech Presents At Munich Symposium
CalciTech today announces that Dr Robert Higgs, the Company's Director of R&D in Europe, has presented a technical paper at the PTS-CTP Symposium on the deinking and treatment of recycled paper in Munich, Germany on 28 April 2010.
The PTS and CTP Institutes are the leading centers of development for paper technology in Germany and France with a worldwide reputation for enhancing the economic performance of the paper industry with innovative process improvements.
CalciTech presented its unique recycling solution to the problem of mineral waste from paper mills and received many favourable comments:
'This is a leap in technology that enables us to close the recycling loop and make use of the mineral waste' - Head of a Paper Mill
'The real breakthough is that the reprocessed material has better properties than the original mineral' - Coating Manager
'CalciTech's SCC should now be called Sustainable Calcium Carbonate'- Project leader of a Technical Institute
An abstract of the paper is available on the website.
For further information:
CalciTech Ltd.
Thomas Shortt
Email: Thomas.Shortt@calcitech.com
Tel: +41 22 710 4020 or
+1 800 481 5119 (USA toll free)
www.calcitech.com
The directors of the company take responsibility for this announcement.
This press release contains "forward looking statements" including forward looking statements as that term is defined in section 27a of the United States Securities Act of 1933 and section 21e of the Securities and Exchange Act of 1934. Statements in this press release, which are not purely historical are forward looking statements and include any statements regarding beliefs, expectation or intentions concerning the future. Forward looking statements in this press release include, but are not limited to statements which are subject to a number of contingencies and uncertainties, including, but not limited to, market acceptance for CalciTech's products, manufacturing of CalciTech's products in a commercial setting, obtaining adequate financing and construction management for production and obtaining appropriate permits.
It is important to note that the corporation's actual outcomes may differ materially from those in forward looking statements contained in this press release. Although the company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations and intentions will prove to be accurate. Readers should refer to the risks disclosures in the company's public filings with the Securities and Exchange Commission.
CalciTech Presents at Major International Conference
This is an important conference where leaders of industrial mineral companies meet to review market trends and the latest advances in technology. CalciTech presented its innovative recycling solution to the problem of mineral waste from paper mills.
A copy of the paper is available on the website.
For further information:
CalciTech Ltd.
Thomas Shortt
Email: Thomas.Shortt@calcitech.com
Tel: +41 22 710 4020
www.calcitech.com
The directors of the company take responsibility for this announcement.
This press release contains "forward looking statements" including forward looking statements as that term is defined in section 27a of the United States Securities Act of 1933 and section 21e of the Securities and Exchange Act of 1934. Statements in this press release, which are not purely historical are forward looking statements and include any statements regarding beliefs, expectation or intentions concerning the future. Forward looking statements in this press release include, but are not limited to statements which are subject to a number of contingencies and uncertainties, including, but not limited to, market acceptance for CalciTech's products, manufacturing of CalciTech's products in a commercial setting, obtaining adequate financing and construction management for production and obtaining appropriate permits.
It is important to note that the corporation's actual outcomes may differ materially from those in forward looking statements contained in this press release. Although the company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations and intentions will prove to be accurate. Readers should refer to the risks disclosures in the company's public filings with the Securities and Exchange Commission.