News Column

Enssolutions Group Announces Filing of Second Quarter Interim Financial Statements and MD&A

August 26, 2014

Toronto, Ontario(FSCwire) - Enssolutions Group Inc. (ENV - TSX Venture, NSLSF - OTC Pink) (“Enssolutions” or the “Company”), a manufacturer and distributor of an environmentally responsible emulsion product for a wide variety of industrial and commercial market demands, is pleased to announce the filing of its Condensed Consolidated Interim Financial Statements for the three months and six months ended June 30, 2014 and the comparative 2013 quarter along with Management’s Discussion and Analysis.

Commenting on the results, Amber Ocheltree, CFO of Enssolutions said, “Our Canadian operation has endured a wet spring and summer which has impacted our sales for the first six months.”  Mrs. Amber Ocheltree also stated, “Although the US operation has increased their revenue for this period by $33,177 or 29.9%, we are hopeful that both operations will exceed our sales expectations as a result with new relationships in the mining and solar industries. We continue to explore new markets and industries that may benefit from the use of our product.”

Financial Results

Certain of the Company's financial results for the six month periods ending June 30, 2014 and 2013 are presented in the table below.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        



Quarter Ended



Quarter Ended



June 30,  2014



June 30, 2013



$



$



Revenues



451,674



816,492



Operating (Loss)



(337,337)



(175,114)



Net (Loss)



(341,430)



(179,752)



Basic and Diluted Loss

per Share



.01



.01



Assets



911,251



1,246,229



Liabilities



1,918,104



782,119



Shareholders' (Deficit)



(1,006,853)



(464,110)

 

The Company’s Condensed Consolidated Interim financial statements and MD&A for the quarter ended June 30, 2014 are available at www.sedar.com.

About Enssolutions 

Enssolutions manufactures, distributes and applies environmentally responsible products to meet a wide variety of industrial and commercial market demands. Enssolutions provides engineered environmental solutions for mine tailings control, process dust and erosion control, granular stabilization, road construction/maintenance and stockpile sealing.  It has production facilities in Beamsville, Ontario and Glendale, Arizona that service some of North America's largest mining, steel, cement, and road construction/maintenance companies as well as numerous public road authorities. 

For more information on Enssolutions, please visit www.enssolutions.com

Certain information in this news release constitutes forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company's public disclosure documents. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. 

For Further Information: 

Amber R. Ocheltree, Chief Financial Officer 

t: (623) 934-6767 Ext: 101

e: amberocheltree@enssolutions.com

Neither the 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.





To view this press release as a PDF file, click onto the following link:

public://news_release_pdf/EnssolutionsAug262014.pdf



Source: Enssolutions Group Inc. (TSX Venture:ENV, OTC Pink:NSLSF) http://www.enssolutions.com/










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