U.S. Investor Explains Why FLYHT “Is At A Significant Inflection Point In Its Business Model”

FLY:TSX-V

Walter Winnitzki, an investment professional with over 25 years experience as a research analyst, recently published a sixteen page report introducing FLYHT Aerospace to investors at a leading and influential investment club.

Mr. Winnitzki was first introduced to FLYHT a number of years ago, while he worked for a large institution based in New York City. That institution continues to be supportive and still owns a sizable position in FLYHT Aerospace today.

The title of his piece summarizes his belief that the company is  “Ready For Takeoff.” It lays out Mr. Winnitzki’s thesis on why he believes FLYHT’s share price “could be positioned to appreciate 2X – 3X over the next 12 – 18 months.”

Click here to view the full report.

FLYHT Aerospace Solutions Ltd. Announces Receipt of New Certifications to Advance Customer Installs

Calgary, Alberta – May 18, 2016 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) announced that supplemental type certificates (“STCs”) have been received for the Automated Flight Information Reporting System (“AFIRS™”) 228 on multiple aircraft types.

The approved aircraft types include the ATR 42-500 “600 version” and the ATR 72-212A “600 version” from the European Aviation Safety Agency (“EASA”), the Boeing B757-200 aircraft from the Federal Aviation Administration (“FAA”) and the Transport Canada Civil Aviation (“TCCA”) STC for the Bombardier DHC 8 -100, 200, 300 series aircraft.

The ATR STCs enable a long-time FLYHT customer to install the AFIRS 228 on their newly acquired ATR aircraft. Four of the aircraft will come online with AFIRS 228 within the month, contributing to a total of ten new aircraft that will enter into service by the end of 2016.

“We strategically pursue the receipt of STCs in order to meet customers’ needs and to create new opportunities for the sales team,” remarked FLYHT’s Chief Technical Officer Derek Graham. “The receipt of STCs allow for AFIRS installations which provide increased value to our customers in addition to revenues for the Company.”

FLYHT currently holds over 75 STCs, which allow for AFIRS installation on over 95% of commercial aircraft.

About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 50 customers, including airlines, leasing companies, and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2 million aggregate flight hours and 1.5 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CPA (CA)
Chief Financial Officer
403-291-7425
nheale@flyht.com 

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Join us on social media!

www.facebook.com/flyht
www.twitter.com/flyhtcorp
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp
www.flyht.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.

FLYHT’s 2016 AGM and Q1 Results Video Now Available Online

On Wednesday, May 11th FLYHT hosted its AGM in Calgary. FLYHT CEO Tom Schmutz led the presentation with an overview of the company’s accomplishments over the last year. Nola Heale, CFO then discussed the financial performance from the first quarter. Following Ms. Heale, David Perez, VP Sales and Marketing outlined the various strategies and sales initiatives the company is focused on, and finally Mat Plamondon, VP Operations & Customer Fulfillment provided attendees with an overview of the specialized products and services available to FLYHT customers.

To view the AGM presentation and video recording, please click here. 

FLYHT Aerospace Solutions Ltd. Announces Issuance of Incentive Stock Options

Calgary, Alberta – May 13, 2016 FLYHT Aerospace Solutions Ltd. (“FLYHT”) (TSX-V: FLY) (OTCQX: FLYLF) is pleased to announce it has granted incentive stock options for an aggregate 3,454,380 common shares, subject to regulatory approval, to employees, officers and directors under the stock option plan approved at the Annual and Special meeting held on May 11, 2016.

The stock options are exercisable at a price of $0.19 per share which is approximately 10% above the current trading price on the TSX Venture Exchange. They also feature immediate vesting and expire on December 31, 2019. A maximum of 10% of the issued and outstanding shares are reserved under the Company’s stock option plan. The options, and any common shares issued upon exercise of the stock options are subject to a four-month resale restriction.

About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 50 customers, including airlines, leasing companies, and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2 million aggregate flight hours and 1.5 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CPA (CA)
Chief Financial Officer
403-291-7425
nheale@flyht.com 

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Join us on social media!

www.facebook.com/flyht
www.twitter.com/flyhtcorp
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp
www.flyht.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.

FLYHT Aerospace Solutions Ltd. Announces Closing of Private Placement

Calgary, Alberta – May 12, 2016 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Corporation” or “FLYHT”) today reported that the Corporation has closed its previously announced private placement offering.  Pursuant to this closing, 33,910,081 units (“Units“) were issued at a price of $0.15 per Unit, for aggregate consideration of $5,086,512.15.  Each Unit consisted of one (1) Common Share of the Corporation and one-half of one (1/2) share purchase warrant (the “Warrant“) (each full Warrant shall entitle the holder thereof to purchase one (1) additional Common Share of the Corporation for a period of 24 months from the issuance of the Units at a price of $0.25) (the “Offering“).  Directors and officers of the Corporation subscribed for an aggregate $370,360 of Units under this Offering.

The net proceeds will be used to: (i) repay the Corporation’s outstanding debentures due in June 2016 (approx. $2.5M); (ii) assist in new product development; and (iii) increase FLYHT’s working capital.

Finder’s fees totaled an aggregate of $317,275.08 and an aggregate of 2,115,167 finder’s options (the “Finder’s Options“) were issued to eligible finders for their assistance on this closing. Each Finder’s Option is exercisable for a period of 24 months from the date of issuance into one Unit of the Corporation (on the same terms and conditions as those received by the subscribers under this Offering) at $0.15 per Unit.

All of the Common Shares and Warrants issued pursuant to the private placement are subject to a 4-month hold period. Completion of the private placement is subject to the final approval of the TSX Venture Exchange.

About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 50 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2 million aggregate flight hours and 1.5 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CPA (CA)
Chief Financial Officer
403-291-7425
nheale@flyht.com 

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Join us on social media!

www.facebook.com/flyht
www.twitter.com/flyhtcorp
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp
www.flyht.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.

CEMATRIX Financial Performance Draws Positive Comments From Well Known Fund Manager

“Pleasantly surprised” was our response to the depth of knowledge displayed today (May 12) by AGF VP and Portfolio Manager Peter Imhof, in response to a video question about CEMATRIX during his appearance on BNN’s Market Call.

We sat up and took notice, as Mr. Imhoff, a long-time and well known fund manager, follows or invests in companies many times the size of CEMATRIX with its $16 million market cap, a number only slightly more than 2015 sales of $15.3 million and $2.8 million in EBITDA. He had a good understanding of operations and commented, “the company has done extremely well over the past year”.

To view BNN clip, please click here.

Mr. Imhoff wasn’t sure of the impact the energy industry malaise would have on CVX going forward. For clarification, management is forecasting revenues will rise to $18 million this year with 75% of that infrastructure related.

Currently, the cellular concrete company is directly bidding on or is included in bids that are in excess of $100 million, 94% of which is infrastructure related.

CEMATRIX May 2016 Presentation_Page_21

CEMATRIX CEO Jeff Kendrick, recently had his first appearance on BNN, which resulted in a very strong volume day and the stock hitting a new high.  

The fact is that many more people are paying attention to CVX. You don’t always know who’s watching, but the reasons for the interest are plentiful:

  • Continuing financial performance
  • Tight share structure with only 34 million shares issued
  • Growing bid pipeline
  • Client diversification
  • Proven product, services and proprietary formulations
  • Aversion to dilution – no equity raised in more than a decade   

FLYHT Reports First Quarter Results

Revenue of $2.6M and growth in unearned revenue

Calgary, Alberta – May 10, 2016 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) a leading provider of real-time data communications technology for the aviation industry today reported financial results for its first quarter ended March 31, 2016.

FLYHT reported the second-highest revenue on record and made shipments that we anticipate will position FLYHT for a strong second quarter,” stated Thomas R. Schmutz, Chief Executive Officer of FLYHT. “The value of AFIRS units that we shipped during the first quarter was a new record high for the Company.”

First Quarter Results Include:

  • Revenue of $2,611,331 in the first quarter, a 1.6% increase from Q1 2015.
  • Recurring revenue (voice and data services) of $1,067,707 showed an increase of 10.8% over the first quarter of 2015, and parts sales of $1,028,412 was an increase of 22.4% from the first quarter of 2015.
  • Net loss for the quarter at $1,242,942 after a $540,450 charge on settlement of an OEM customers’ warrant claim, compared to a loss of $60,414 in the same period last year.
  • Modified Working Capital at the end of Q1 2016 of negative $3,640,257 compared to negative $3,306,055 at December 31, 2015.
  • Customer deposits of $698,561 at quarter end, an 18.0% decrease over the first quarter of 2015; payments received of $913,448, were 92.0% higher than the same quarter of 2015 and the value of deposits moved to unearned revenue increased 198% compared to Q1 2015.
  • Unearned revenue increased to $1,953,012 or 45.1% higher than the first quarter of 2015 or 70.5% higher than December 2015; revenue recognized on AFIRS units shipped was lower than in Q1 2015 as units shipped late in 2015 were lower than late in 2014 resulting in clients installing nine kits in Q1 2016 compared to 15 in the prior year quarter. AFIRS sales shipped not accepted in the first quarter exceeded the fourth quarter 2015 by $821,162 or 198.2%.
  • Administration expenses increased to $638,427 or 15.8% compared to the first quarter of 2015.
  • R&D expense increased to $638,427 in Q1 2016, after inclusion of $540,450 settlement of an OEM customer’s warranty claim, from $551,471 in the first quarter 2015.
  • Distribution expense increased $368,953 due to additional resources compared to the prior year.
  • In the first quarter of 2016 FLYHT signed a strategic partnership contract with Flight Data Services and a sales representation agreement with Tri-Wing Aviation Resources.
  • In April 2016, subsequent to the end of the first quarter, FLYHT received the first US $1.5M milestone payment from the Intellectual Property License agreement. The remaining milestone of US$1.0M is expected in the second quarter after transfer and training.

For detailed information, FLYHT’s 2016 First Quarter Report containing the CEO’s Message, Management Discussion and Analysis and Financial Statements has been posted to the Company’s website and can be accessed at http://www.flyht.com/investors/financial-reports-results-centre/. The MD&A and Financial Statements have also been sent to SEDAR and will be accessible at www.sedar.com.

FLYHT will not host a live conference call as the first quarter results will be discussed at the Annual General Meeting (AGM) on May 11, 2016 at 10:00 AM (MT) at Fort Calgary – JOW Gallery 750 – 9th Avenue SE, Calgary, Alberta.

The archive of the AGM, which will include the first quarter review, will be posted on the Presentations and Webcasts section of FLYHT’s website http://flyht.com/investors/videos/ as soon as it is available.

Questions can be forwarded in advance of the meeting to investors@flyht.com.

About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 50 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2 million aggregate flight hours and 1.5 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CPA (CA)
Chief Financial Officer
403-291-7425
nheale@flyht.com 

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Join us on social media!

www.facebook.com/flyht
www.twitter.com/flyhtcorp
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp
www.flyht.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.

Argex Titanium Announces Private Placement Of Secured Convertible Notes

MONTREAL, Quebec – May 9, 2016 – Argex Titanium Inc. (TSX:RGX) (the “Corporation” or “Argex”) announces its intention to complete a private placement offering (the “Offering”) of secured convertible notes  (the  “Notes”)  for  minimum  gross  proceeds  of  $1,600,000  and  maximum  gross  proceeds of $2,400,000 at a subscription price of $1,000 per Note.

On February 18, 2016, the Board of Directors of Argex (the “Board”) determined that the Corporation was in serious financial difficulty and that the Offering and the transactions described herein were designed to improve the financial position of the Corporation. The Board also determined that the terms  of the Offering and the transactions described herein are reasonable under the circumstances of the Corporation, and the current timing and resources of the Corporation do not permit the Corporation to seek shareholder approval. On that basis, and upon the recommendation of a committee of the Board, free from any interest in the transactions and unrelated to parties involved in the transactions, the Corporation has applied to the TSX for an exemption from the shareholder approval requirement of the TSX on the basis of financial hardship pursuant to Section 604(e) of the TSX Company Manual.

The TSX has also notified the Corporation that it will review the Corporation’s eligibility for continued listing on the TSX in light of the Corporation’s current financial condition. The Corporation believes that completion of the Offering will enable the Corporation to satisfy the TSX’s listing requirements.

Each Note will be convertible at the option of the holder into 33,333 common shares of the Corporation (“Shares”) at an issue price of $0.03 each and 28,333 warrants to purchase additional Shares (“Warrants”) at any time at a price of $0.05 each over a five-year term. The Notes and the Warrants will contain standard anti-dilution provisions. The Market Price (as defined in the TSX Company Manual) of the Shares as at February 19, 2016 was $0.0319, and the issue price of the Shares upon conversion of the Notes is at a discount of 6.0% thereto.

Unless converted prior thereto, the Notes will mature in two years from the date of issuance and bear interest at the rate of 15% per annum payable annually up to their time of conversion. Holders of Notes may at their option convert any unpaid and/or accrued interest thereon into additional Shares at an issue price of $0.03 each.

The Notes will be issued pursuant to an indenture to be entered into by and between the Corporation and a reputable Canadian trust company, and the principal represented by the Notes as well as any unpaid interest thereon will be fully secured by a first-ranking movable hypothec over the universality of the Corporation’s assets.

The Corporation will be paying a commission on subscriptions for Notes received through arm’s-length third parties. The commission (the “Commission”) will be 10% payable in cash and Warrants to  purchase a number of Shares equal to 10% of the Shares issuable upon conversion of the Notes. The cash portion of the Commission may be used by certain of these arm’s-length third parties to purchase Notes as part of the Offering.  No Commission would be payable on any Notes so purchased.

The Offering will be made only to accredited investors or other exempt purchasers as such terms are defined under applicable securities regulations. The Notes and any Shares and Warrants issued resulting from the conversion of the Notes will be subject to a four-month hold period.

In the event that the maximum offering is subscribed (i) up to an additional 79,999,200 Shares may be issued upon the conversion of the Notes, (ii) up to an additional 67,999,200 Shares may be issued upon the exercise of the Warrants, (iii) up to an additional 7,999,920 Shares may be issued upon exercise of the Warrants issued as part of the commission, and (iv) up to an additional 24,000,000 Shares may be issued upon the conversion of the interest on the Notes. Therefore, an aggregate total of up to an additional 179,998,320 Shares may be issued resulting in a dilution of approximately 117.99% of the Corporation’s current issued and outstanding Shares.

It is anticipated that the Offering will result in the creation of a new insider and control person of the Corporation. Mr. Mazen Alnaimi (or a company controlled by him) is expected to participate in the Offering in the amount of $1.2 million. Mr. Alnaimi currently holds no securities of the Corporation. Assuming full conversion of the Notes and interest into Shares and full exercise of the Warrants, Mr. Alnaimi would hold a total of 85,999,200 Shares or approximately 25.63% of the Corporation’s issued  and outstanding Shares on a post-Offering basis.

It is also anticipated that Mr. Mazen Haddad, the Interim President and Chief Executive Officer of the Corporation, will participate in the Offering in the amount of $100,000 resulting in 7,166,600 Shares being issued thereto, assuming full conversion of the Notes and interest into Shares and full exercise of the Warrants, or approximately 4.70% of the Corporation’s current issued and outstanding Shares.

The Corporation is also proposing to amend its existing 8% convertible unsecured subordinated debentures (the “Convertible Debentures”) by, inter alia, amending the conversion price thereof from $1.14 to $0.11. There is currently an aggregate of $7.5 million of Convertible Debentures outstanding. There are currently 6,578,947 Shares reserved for issuance under the Convertible Debentures. In the event that all of the Convertible Debentures are converted at the amended conversion price, an  additional 61,602,871 Shares would be issued, representing an additional dilution of approximately 40.38% of the Corporation’s current issued and outstanding Shares.

Mr. Mazen Haddad, the Corporation’s Interim President and Chief Executive Officer, currently holds $25,000 of the Convertible Debentures. Assuming full conversion of the Convertible Debentures at the amended conversion price, an additional 227,272 Shares, representing approximately 0.15% of the Corporation’s current issued and outstanding Shares, would be issued thereto. Luxor Capital Group LP currently exercises control and direction over 17,959,951 (or approximately 11.77% of the Corporation’s Shares) and over $2,000,000 of the Convertible Debentures held by funds managed by it. Assuming full conversion of the Convertible Debentures at the amended conversion price, an additional 18,181,818 Shares, representing approximately 11.92% of the Corporation’s current issued and outstanding Shares, would be issued to funds under its control and direction.

The following table summarizes the maximum number of Shares that would be issuable in respect of the transactions described above:

Purpose of Issuance

Number of Shares Issued/Issuable Dilution of Current Issued and Outstanding
Arm’s-Length Parties Current Insiders Arm’s-Length Parties Current Insiders
Conversion of Notes 76,665,900 3,333,300 50.25% 2.18%
Exercise of Warrants (Notes) 65,165,900 2,833,300 42.72% 1.86%
Exercise of Warrants (Commission) 7,999,920 Nil 5.24% Nil
Conversion of Interest on Notes 23,000,000 1,000,000 15.08% 0.66%
Amended Conversion Price of Convertible Debentures 43,193,781 18,409,090 28.31% 12.07%
Total 216,025,501 25,575,690 141.60%

16.76%

The Corporation  is  also  proposing  to  amend  the  Convertible  Debentures  such  that  the  Corporation will have the option, in its sole discretion, to pay interest on any interest payment date in either cash or in Shares at the Market Price (as defined by the TSX Company Manual) at such payment date. The Convertible Debentures mature on June 30, 2019, and interest on the Convertible Debentures is payable quarterly. Based on the current situation, on that date, 15 interest payments of $150,000 (including the quarterly interest payments that were due on December 31, 2015 and March 31, 2016) will have been due for an aggregate amount of $2,250,000 of interest payable. The following table illustrates the number of Shares that would be issuable in payment of all of the interest under various Market Price scenarios for the Shares:

Market Price of Shares Number of Shares Issuable Dilution of Current Issued and Outstanding
Arm’s-Length Parties Current Insiders Arm’s-Length Parties Current Insiders
$0.01 164,250,000 60,750,000 107.67% 39.82%
$0.03 54,750,000 20,250,000 35.89% 13.27%
$0.05 32,850,000 12,150,000 21.53% 7.96%
$0.10 16,425,000 6,075,000 10.77% 3.98%

The Offering and the transactions described herein would ordinarily require shareholder approval under the requirements of the TSX as (i) they would result in the issuance of Shares in excess of 25% of the number of currently issued and outstanding Shares as per Section 607(g)(i) of the TSX Company  Manual; (ii) they would materially affect control of the Corporation as per Section 604(a)(i) of the TSX Company Manual; (iii) the Commission payable in respect of the Offering is not deemed commercially reasonable as per the provisions of Section 607 of the TSX Company Manual; (iv) the price protection in respect of the Shares to be issuable upon conversion of interest on the Notes extends beyond 45 days as per Section 607(f) of the TSX Company Manual; and (v) they may result in the issuance of more than 10% of the currently issued and outstanding Shares to insiders of the Corporation as per Section 604(a)(ii) of the TSX Company Manual.

About Argex Titanium Inc.

Argex Titanium Inc. has developed an advanced chemical process for the volume production of high-grade titanium dioxide (TiO2) for use in high quality paint, plastics, cosmetics and other applications. The company’s unique proprietary process takes relatively inexpensive and plentiful source material from a variety of potential vendors, and produces TiO2 along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

CONTACT INFORMATION:

Mazen Haddad
Director and Interim President and CEO
Argex Titanium Inc.
514-843-5959

Forward Looking Statements

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

CEMATRIX Corporation Announces Record First Quarter Sales

CALGARY, ALBERTA–(May 5, 2016) – CEMATRIX Corporation (TSX VENTURE:CVX) (the “Corporation” or the “Company” or “CEMATRIX“) announces the release of its consolidated financial results for the three months ended March 31, 2016.

First Quarter Highlights

  • Achieved record first quarter sales of $3,170,689, up by 12.5% and operating income of $132,613, up by 24.7%, from the same period in 2015. EBITDA (earnings before interest, taxes, depreciation and amortization, including non-cash stock based compensation) was $258,288.
  • Total contracted work to date in 2016 is $11.3 million.
  • A new operating loan of $2,000,000 was put in place with the Canadian Western Bank (“CWB”).
    The demand operating loan bears interest at the greater of 4.7% or 2% above the CWB prime lending rate. Cash generated from operations and a portion of the demand operating loan were used to repay a mezzanine loan of $750,000 that had an interest rate of 16.5%.

First Quarter Results

Selected financial information for the three months ended March 31, 2016 and 2015 is as follows:

CVX_160505chart

“Q1 2016 proved to be another solid quarter during our offseason”, stated Mr. Kendrick, President and CEO of CEMATRIX, “This early success has set the stage for another strong year. Based on quotes that we have submitted, or are in the process of being submitted, management is forecasting strong growth in Canadian and U.S. infrastructure sales and steady sales in the oil and gas sector. Contracted sales are already at $11.3 million and our new bank operating loan will provide the necessary funding to finance expected sales growth and at a much lower cost than the previous working capital financing arrangement”.

This press release should be read in conjunction with the Corporation’s unaudited Consolidated Financial Statements and Management Discussion and Analysis for the three months ended March 31, 2016, both of which can be found on SEDAR.

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a rapidly growing, cash flow positive company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations. This unique cement based material with superior thermal protection delivers a cost-effective, innovative solution to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets.

Neither 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.

For further information, please contact:

Jeff Kendrick – President and Chief Executive Officer
Phone: (403) 219-0484

Jeff Walker – The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com

Forward-looking information: This news release contains certain information that is forward looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, expect”, “would’ or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries’ future financial and operations plans and outlook. All forward looking statements reflect CEMATRIX’s beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation to update or revise forward looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX’s Management Discussion and Analysis dated March 2, 2016 under CEMATRIX’s profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.

CEMATRIX Appears on BNN – Stock Hits All-Time High

This morning, CEMATRIX shareholders were greeted with more positive news in the form of new contracts valued at $2.9 million, which brings the company’s contracted total for this year to $11.3 million.

A couple of items that should be of interest to shareholders – first, CEMATRIX is only into the fifth month of 2016 and has already secured more than $11 million dollars in contracts. Last year the company had total revenues of $15.4 million and positive EBITDA of $2.8 million. Management has provided guidance on projected revenues for 2016 to come in at $18 million – a 17% increase from last year.

Secondly, the company is currently bidding on individual projects, any one of which is greater than last year’s total volumes. To quantify this, last year’s total volume was approximately 82,000 cubic meters.  Some of the individual projects this year are calling for anywhere from 50,000 to 100,000 cubic meters.  

Company CEO Jeff Kendrick was interviewed this morning (May 4th) on Canada’s Business Network’s (BNN) Commodities segment hosted by Andrew Bell.  

As of this writing the company’s stock is trading in the $0.55 range and has also reached an all-time high of $0.58 on strong volume.

In this interview, Mr. Kendrick provided his insights on the following:

  • Cellular concrete – what is it made of? How is it made?
  • Benefits of cellular concrete; applications for this product,
  • Company’s decision to shift its focus from energy to infrastructure due to the resource/energy sector crash in 2008/09,
  • Overview of CEMATRIX customers, projects completed, its competition,
  • Cost benefits of using cellular concrete,
  • Revenue growth and factors contributing to this growth.

As a side note, the company’s bid pipeline is now in excess of $100 million.

Click here to read today’s news release.

Click here to view the BNN interview.

CEMATRIX Corporation Secures $2.9 Million in New Contracts for 2016

CALGARY, ALBERTA–(May 4, 2016) – CEMATRIX Corporation (TSX VENTURE:CVX) (the “Corporation” or the “Company” or “CEMATRIX“) is pleased to announce that its wholly owned subsidiary, CEMATRIX (Canada) Inc. has secured $2.9 million in additional contracts, bringing this year’s contracted total to $11.3 million.

“These new contracts are for infrastructure projects from across Canada. They are the result of our continued focus to work with provincial Ministries of Transportation and engineering firms to increase infrastructure markets across Canada and into the United States,” stated Mr. Kendrick, President and CEO of CEMATRIX.

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a rapidly growing, cash flow positive company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations. This unique cement based material with superior thermal protection delivers a cost-effective, innovative solution to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets.

Neither 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.

For further information, please contact:

Jeff Kendrick – President and Chief Executive Officer
Phone: (403) 219-0484

Jeff Walker – The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com

Forward-looking information: This news release contains certain information that is forward looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, expect”, “would’ or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries’ future financial and operations plans and outlook. All forward looking statements reflect CEMATRIX’s beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation to update or revise forward looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX’s Management Discussion and Analysis dated March 2, 2016 under CEMATRIX’s profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.

FLYHT Aerospace Solutions Ltd. To Present Q1 Results At AGM In Lieu Of Conference Call

Calgary, Alberta – May 4, 2016 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) will present its first quarter results at the annual general meeting (AGM) to be held at 10:00 am (MDT) on Wednesday, May 11, 2016 at Fort Calgary.

Shareholders are invited to attend the meeting where Thomas R. Schmutz, Chief Executive Officer, will provide a presentation and answer questions about the status of the Company. Please send questions in advance of the meeting to investors@flyht.com.

The meeting will be recorded for access by shareholders not able to attend in person. The archive of the AGM, which will include the first quarter review, will be posted on the Presentations and Webcasts section of FLYHT’s website http://flyht.com/investors/videos/ as soon as it is available.

AGM Location
Fort Calgary – JOW Gallery, 750 – 9th Avenue SE, Calgary, Alberta.

 

About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 50 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2 million aggregate flight hours and 1.5 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CPA (CA)
Chief Financial Officer
403-291-7425
nheale@flyht.com 

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Join us on social media!

www.facebook.com/flyht
www.twitter.com/flyhtcorp
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp
www.flyht.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.

CEMATRIX CEO To Appear On BNN Tomorrow

Cematrix President, Founder & CEO Jeff Kendrick will be on Canada’s Business News Network (BNN) tomorrow, May 4th.  Mr. Kendrick will be providing viewers with an overview of its recent record revenues in 2015, the company, continued growth plans.

The live interview will air on BNN’s Commodities segment hosted by Andrew Bell on Wednesday, May 4 at 11:30 am ET/9:30 am MT. 

This will be Mr. Kendrick’s first appearance on BNN.