Global Green Matrix Reports Higher Revenues Q-1, 2013
09 Abril 2013 - 2:58PM
Access Wire
OTCBB: GGXCF
TSX.V: GGX
April 9, 2013 - Global Green Matrix Corporation ("Global Green"
or the "Company") - TSX Venture: GGX today announced Q-1 2013
revenues of $932,266 as compared to revenues of $335,272 in Q-4
2012.
These revenues were realized through the Company's 100% owned
subsidiary 1503826 Alberta Ltd., operating as Intercept Rentals
("Intercept"). Intercept generates revenues from the rental &
service of its two "BIG HEAT" water-heating units. The Units use a
proprietary and innovative technology that heats water required in
the fraccing process used by many companies in the oil and gas
industry.
Randy Hayward CEO, states: "The Company's revenues for our first
quarter are up substantially. This is due to greater market
acceptance and that we obtained delivery of a second heating unit
February 17, enabling us to obtain and perform larger contracts in
the industry. We are excited about the rest of 2013, as we have
ordered three additional Units that should be shipped to Alberta by
August of this year. We remain committed to delivering exceptional
value for our customers and shareholders."
The reported revenues are gross figures that have been invoiced
from the operations of Intercept Rentals. The Company's auditors
will be providing audited financials for the 2012 financial year by
the end of April and the Company will file these along with the
un-audited Q-1 financials on SEDAR and our website when
completed.
About Global Green Matrix Corp.
(www.globalgreenmatrix.com)Global Green Matrix Corp is an
Oilfield Services Firm primarily focused on servicing oil and gas
companies and their fracking operations. Through it's wholly owned
subsidiary, Intercept Rentals, the Company currently owns and
operates one truck and one trailer mounted water-heating unit,
called "Big Heat." Global Green rents these units to various oil
and gas companies that require heated water for their fracking
operations. The Company has plans to add an additional 3 heating
units within the next few months.
ABOUT INTERCEPT RENTALS:
(www.interceptrentals.com)Intercept Rentals is a registered
trade name of 1503866 Alberta Ltd., a wholly owned subsidiary of
Global Green Matrix Corp. The subsidiary company has obtained the
exclusive right to own and operate a new patent pending technology
that provides a highly efficient and safe method of heating water
used by oil companies in their fraccing operations.
For further information visit our website at
www.globalgreenmatrix.com, email at info@globalgreenmatrix.com or
contact:
Randy Hayward, President
Global Green Matrix Corp.
Phone: 250-247-8689 or 604-687-8855
Fax: 604-628-5001
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 News Release
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