Methes Energies Provides Production Update, Record Numbers
17 Dicembre 2013 - 3:00PM
Marketwired
Methes Energies Provides Production Update, Record Numbers
LAS VEGAS, NV--(Marketwired - Dec 17, 2013) - Methes Energies
International Ltd. (NASDAQ: MEIL), a renewable energy company that
offers an array of products and services to biodiesel fuel
producers, today provides a production update for its fourth
quarter ended November 30, 2013.
The Company proudly announces that its October and November
production targets for the current calendar year were achieved. In
fact, production in November was the highest production month in
gallons in the Company's history, surpassing September and October
by more than 60,000 gallons for each month. Production of biodiesel
at its Sombra, Ontario facility for the months of September,
October and November 2013 was higher than the total amount of
biodiesel produced in all of its fiscal year 2012. As expected, our
2013 fiscal fourth quarter saw the highest quantity of gallons
produced in any previous quarter in the Company's history. As a
result of this tremendous production growth, Methes anticipates
that it will record higher fourth-quarter revenues than any
previous quarter in the Company's history.
Methes President Nicholas Ng said, "We are pleased with our
fourth-quarter production numbers and are working on doing even
better in 2014. We are also busy with several projects that are
already drawing considerable interest and which we expect will make
a big difference next year, including the possible consummation of
the OTC technology acquisition for which we have entered into a
letter of intent."
The Company is currently finalizing its numbers, which will be
audited over the next several weeks in preparation to file its
Annual Report on form 10-K for its fiscal year ended November 30,
2013.
About Methes Energies International Ltd. Methes Energies
International Ltd. is a renewable energy company that offers a
variety of products and services to biodiesel fuel producers.
Methes also offers biodiesel processors that are unique, truly
compact, fully automated state-of-the-art and continuous flow that
can run on a wide variety of feedstocks. Methes markets and sells
biodiesel fuel produced at its showcase production facility in
Mississauga, Ontario, Canada and at its 13 MGY facility in Sombra,
Ontario, to customers in the U.S. and Canada, as well as providing
multiple biodiesel fuel solutions to its clientele. Among its
services are selling commodities to its network of biodiesel
producers, selling their biodiesel production and providing clients
with proprietary software to operate and control their
processors. Methes also remotely monitors the quality and
characteristics of its clients' production, upgrades and repairs
their processors and advises clients on adjusting their processes
to use varying feedstock to improve the quality of their biodiesel.
For more information, please visit www.methes.com.
This press release contains forward-looking statements
regarding future events and financial performance. In some cases,
you can identify these statements by words such as "may," "might,"
"will," "should," "except," "plan," "intend," "anticipate,"
"believe," "estimate," "predict," "potential," or "continue," the
negative of these terms and other comparable terminology. These
statements involve a number of risks and uncertainties and are
based on numerous assumptions involving judgments with respect to
future economic, competitive and market conditions and future
business decisions, all of which are difficult or impossible to
predict accurately and many of which are beyond the Company's
control. There are or may be important factors that could cause our
actual results to materially differ from our historical results or
from any future results expressed or implied by such forward
looking statements. These factors include, but are not limited to,
those discussed under the section entitled "Risk Factors" in our
Annual Report on Form 10-K for the year ended November 30,
2012, filed on February 25, 2013, as amended, which is available at
the U.S. Securities and Exchange Commission website at
www.sec.gov. The forward-looking statements in this
press release are based upon management's reasonable belief as of
the date hereof. The Company undertakes no obligation to revise or
update publicly any forward-looking statements for any
reason.
Contacts: Methes Energies International Ltd. Michel G. Laporte
Chairman and CEO 702-932-9964
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