Pro-Trans Ventures Inc. ("Pro-Trans" or the "Corporation") (TSX VENTURE:PVI) is
pleased to announce the Corporation's financial results for the first quarter of
2013. 


Revenue for the first quarter was $13.3 million, as compared to $10.3 million in
the previous quarter. This quarterly revenue resulted in EBITDA for the quarter
of approximately $770,000 and a comprehensive loss of $(331,000) or ( $.01) per
share. This compares with a Q4 2012 EBITDA loss of approximately $(1.2 million)
and a comprehensive loss of $(1.8 million) or ($.04) per share. On a year over
year basis, this compares to a Q1 2012 EBITDA of $1.8 million and comprehensive
income of $566,000 or $.02 per share on revenue of $17.2 million.


Darby Kreitz, the Chairman of the Corporation stated, "The strategies enacted to
deal with a very soft marketplace and lower transportation volumes for Maple
Leaf Loading Ltd (Maple Leaf) began to produce more stable financial performance
in the quarter. A modest improvement in commodity prices enabled Maple Leaf to
grow revenue from the low of Q4 and provide management with reasons for cautious
optimism moving forward throughout 2013."


"While Maple Leaf has been negatively impacted by the recent downturn in
metallurgical coal prices, we continue to believe that the long term
fundamentals remain strong for Canadian coal and other mining sectors. Further
expansion of Maple Leaf's services throughout the Canadian mining community and
a diversification of our commodity base remain as long term strategic objectives
for the Corporation," he added.


Condensed Consolidated Financial Statements for the quarter ended March 31,2013
have been filed on SEDAR at www.sedar.com along with Management's Discussion and
Analysis of these financial statements.


About Pro-Trans

Pro-Trans is a Calgary based public company listed on the TSX Venture Exchange.
The Company is actively involved in specialized transportation and logistics
services within Western Canada, primarily through its' wholly owned subsidiary,
Maple Leaf Loading Ltd, based in Prince George, B.C. Maple Leaf Loading Ltd, a
mining support company, offers specialized transportation services related to
the management, handling and transportation of coal and ore concentrates for
customers involved in the mining industry in B.C., Alberta, and the Yukon.


Non-IFRS Measures

Earnings Before Interest Taxes Depreciation and Amortization ("EBITDA") is a
measurement intended to provide useful insight into Results of Operations before
financing costs, taxes, depreciation and amortization. EBITDA is not an earnings
measure recognized by IFRS and does not have a standardized meaning prescribed
by IFRS. Readers are cautioned that EBITDA should not be construed as an
alternative to net income as determined in accordance with IFRS.


EBITDA is determined by beginning with earnings from operations as determined in
accordance with GAAP then adding back any long term interest expense, provisions
for taxes, depreciation and amortization included in earnings from operations. A
reconciliation of net income to EBITDA is provided in the Management's
Discussion and Analysis referenced above.


Forward-Looking Information

This press release contains certain statements or disclosures relating to
Pro-Trans that are based on the expectations of Pro-Trans as well as assumptions
made by and information currently available to Pro-Trans which may constitute
forward-looking information under applicable securities laws. In particular,
this press release contains forward-looking information related to the future
financial performance of the Corporation, diversification of the Corporation's
base business, future opportunities of the Corporation and the outlook for the
Canadian mining industry in general. Such forward looking information involves
material assumptions and known and unknown risks and uncertainties, certain of
which are beyond Pro-Trans' control. Many factors could cause the performance or
achievement by Pro-Trans to be materially different from any future results,
performance or achievements that may be expressed or implied by such forward
looking information. Pro-Trans' Annual Information Form, Management's Discussion
and Analysis and other documents filed with securities regulatory authorities
(accessible through the SEDAR website at www.sedar.com) describe the risks,
material assumptions and other factors that could influence actual results and
which are incorporated herein by reference. Pro-Trans disclaims any intention or
obligation to publicly update or revise any forward looking information, whether
as a result of new information, future events or otherwise, except as may be
expressly required by applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pro-Trans Ventures Inc.
Derrek Wong
Chief Financial Officer
(403) 452-7055
dwong@protransventures.com

(TSXV:PVI)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more  Charts.
(TSXV:PVI)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more  Charts.