This press release contains forward-looking statements which reflect ENTREC's current beliefs and are based on information currently available to ENTREC. These statements require ENTREC to make assumptions it believes are reasonable and are subject to inherent risks and uncertainties. Actual results and developments may differ materially from the results and developments discussed in the forward-looking statements as certain of these risks and uncertainties are beyond ENTREC's control.
Examples of such forward-looking statements in this press release relate to, but are not limited to: ENTREC's belief that based on expected schedules for future projects, demand for crane and heavy haul transportation services will continue to grow sequentially in 2014 over 2013 activity; expectation demand for crane and heavy haul transportation services in northern B.C. may grow further as it looks out to 2014 and 2015, based on estimated project schedules and overall industry activity, and that ENTREC's acquisition of Rain Coast Cranes & Equipment Inc. positions the Company to benefit from these developments; expectation and ability to complete ENTREC's 2013 $50 million capital expenditure program; and estimate revenue could exceed $215 million for the year ending December 31, 2013.
These forward-looking statements involve a number of significant assumptions. Key assumptions utilized in developing forward-looking statements related to ENTREC's future growth expectations include achieving its internal revenue, net income and cash flow forecasts for 2013 and beyond. Achieving these forecasts is largely dependent on a number of factors beyond ENTREC's control including all of the risks discussed further under the "Business Risks" section in ENTREC's Management Discussion and Analysis for the year ended December 31, 2012. These risk factors are interdependent and the impact of any one risk or uncertainty on a particular forward-looking statement is not determinable.
ENTREC's ability to finance its capital expenditure programs is dependent on its ability to achieve debt financing terms acceptable to the lenders and ENTREC as well as meeting ENTREC's internal cash flow forecasts.
Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, ENTREC. These forward-looking statements are made as of the date of this press release. Except as required by applicable securities legislation, ENTREC assumes no obligation to update publicly or revise any forward-looking statements to reflect subsequent information, events, or circumstances.
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.
Chairman & CEO
John M. Stevens
President & COO
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