Edward Spink, TurboSonic's CEO commented, "Although we have operated for years without debt, we have arranged this credit facility in anticipation of growth in foreign markets. It will strengthen our ability to negotiate international letters of credit and develop business opportunities abroad.
Our presence in international markets provides us with exciting growth opportunities created by the increasing demand for reduction of industrial air pollutants by the worldwide environmental movement. Our activities in Europe are contributing to our growth and this credit facility will enable us to build on this success."
TurboSonic Technologies (www.turbosonic.com) designs and markets air pollution control technologies to industrial customers worldwide. Its products help companies in the Cement and Mineral Processing, Ethanol, Metals & Mining, Petrochemicals, Power Generation, Pulp & Paper, Waste Incineration, and Wood Products industries comfortably meet the strictest emissions regulations, improve performance and reduce operating costs.
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statement. Factors that impact such forward-looking statements include, among others, changes in general economic conditions, interest rates, government regulations, and competition. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statement, see the annual report on Form 10-KSB and other documents the Company files from time to time with the Securities and Exchange Commission.
TurboSonic Technologies, Inc. (OTCBB: TSTA)
Contacts:
TurboSonic Technologies, Inc.
Ed Spink
CEO
(519) 885-5513 or Toll Free: 1-800-269-0298
(519) 885-6992 (FAX)
Email: info@turbosonic.com
Website: www.turbosonic.com