Press Releases: 2015

First Quarter 2015 Results

AJAX: May 7, 2015:

Automodular Corporation (“Automodular” or “the Company”) reports a net loss of $1.6 million or $0.08 per share for the quarter ended March 31, 2015 compared to net earnings of $3.2 million or $0.16 per share in the same period in 2014.

As previously noted, Automodular ceased operations at its Oakville facilities in December 2014 and no longer has active operations.

The results for the first quarter of the year are summarized below (all figures in ‘000s except per share amounts):

Three months ended March 31
  2015
$
2014
$
Sales 19,549
Net earnings (loss) (1,643) 3,160
Per share (basic) (0.08) 0.16

Automodular’s interim consolidated financial statements and Management Discussion and Analysis for the period ended March 31, 2015 will be filed on SEDAR on or about May 12, 2015.

For further information, contact:

Christopher Nutt
President and CEO
Automodular Corporation
(905) 420-0200
invest@automodular.com

This press release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are market and general economic conditions and the risk factors detailed from time to time in the Company’s periodic reports filed with the Canadian securities regulatory authorities and on SEDAR at www.sedar.com. Readers are cautioned not to rely on forward-looking statements. Except as required under continuous disclosure obligations, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Automodular does not provide financial outlooks.