MONTREAL, April 29th, 2022 — Earth Alive Clean Technologies Inc. (TSXV: EAC) (“Earth Alive” or the “Company”), develops, manufactures and distributes state-of-the-art, environmentally-sound proprietary microbial solutions and products. This morning, Earth Alive reported results for the twelve-month period ended December 31, 2021. All financial information herein is in Canadian dollars unless otherwise noted.
Full-Year 2021 Financial highlights
Fourth Quarter 2021 Financial highlights
“While the revenues continue to increase in 2021, the Company faced a challenging year with traveling restrictions and the Board’s decision to make changes in its management. However, our future development is very encouraging considering that our customers base and sales pipeline are stronger than ever’’, said Nikolaos Sofronis, President and Chief Executive Officer. “Now, with the recently completed financing, Earth Alive is better positioned to add several new Microbiological solutions in response to the urgent needs of today’s ecological transition. We are confident in the expansion of our commercial activities and that the $6.1 million financing will enable us to accelerate our growth strategy’’.
Earth Alive Consolidated Financial Statements and Management’s Discussion and Analysis for the financial year ended December 31, 2021 are available on SEDAR at www.sedar.com and on our website at www.earthalivect.com.
About Earth Alive Clean Technologies
Earth Alive is a soil health company and an industry leader in microbial technologies. Earth Alive’s innovative products contribute to regenerative agriculture, natural dust suppression with minimal water use and industrial cleaning that is ecological and human friendly. For additional information, please visit: www.earthalivect.com.
Forward-Looking Information: Certain information in this press release contains forward-looking information and forward-looking statements, which reflect the current view of management with respect to the Company’s objectives, plans, goals, strategies, outlook, results of operations, financial and operating performance, prospects and opportunities. Wherever used, the words « future », « development”, « encouraging », « add », « confident », « expansion », « will », « accelerate », “growth strategy” and similar expressions identify forward-looking information and forward-looking statements. Forward-looking information and forward-looking statements should not be regarded as a guarantee of future events, performance or results, and will not necessarily be an accurate indication of whether, or the times at which, such events, performance or results will be achieved. Factors that could cause future events, performance or results to differ materially from current expectations include the ability to add several new Microbiological solutions in response to the needs of today’s ecological transition, the ability to expand our commercial activities, the ability to execute our growth strategy and other risks described in Earth Alive’s documents filed with Canadian securities regulatory authorities available at www.sedar.com. Readers are cautioned not to place undue reliance on such forward-looking information and statements. The Company does not undertake to update any forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws.
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.
For information, please contact:
Nikolaos Sofronis, CEO
(438) 333-1680; (514) 462-1628