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Old 07-15-2019, 04:23 PM   Nav to Top  #31
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Spectra's Campbell resigns as director, chairman

2019-07-15 10:00 MT - News Release


Mr. Andrew Malion reports

SPECTRA INC. REPORTS RESIGNATION OF DIRECTOR AND CHAIRMAN

Glen Campbell has resigned as a director and chairman of both Spectra Products Inc. and Spectra Inc. His role as Chairman will be fulfilled by Mr. Andrew Malion, currently President of both companies.

Mr. Campbell will continue to provide financial consulting services to the Companies and will retain the position of Chief Financial Officer. Mr. Malion commented "Mr. Campbell has decided to go into "semi-retirement" and to reduce his corporate responsibilities. We are pleased that he will continue to provide critical administrative and financial reporting services to both companies until the end of 2022."

Spectra Inc., also advises that Mr. Kevin Haney of Dauphin, Manitoba was nominated to fill this vacancy on the Board of Directors and this nomination has been accepted by the Board. Mr. Haney will join the Board of Directors subject to Regulatory consent. Mr. Haney has over 20 years of business experience in the Oil industry and over a decade in the Transportation Logistics business. Mr. Haney is also a Director of KFG Resources (TSXV: KFG).

Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake Safe(, the visual brake stroke indicating system, Brake Inspector(, the company's electronic in-cab air brake diagnostic system and the Termin-8R( line of anti-corrosion and extreme pressure lubricants. Spectra manufacturers and distributes the ARROW LOGGER(TM) brake stroke data logger that has been designed to enhance the performance of the Brake Safetrademark system. Spectra distributes Zafety Lug Lock(, a lug nut retainer that uses the resistance between wheel nuts to minimize their ability to rotate and loosen, reducing the risk of wheel damage or wheel loss and HUB ALERT(TM), an innovative heat sensing label that provides an alert for overheating wheel ends, reducing the risk of bearing failure.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.
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Old 07-15-2019, 04:24 PM   Nav to Top  #32
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Spectra's Campbell resigns as director, chairman

2019-07-15 10:00 MT - News Release


Mr. Andrew Malion reports

SPECTRA INC. REPORTS RESIGNATION OF DIRECTOR AND CHAIRMAN

Glen Campbell has resigned as a director and chairman of both Spectra Products Inc. and Spectra Inc. His role as Chairman will be fulfilled by Mr. Andrew Malion, currently President of both companies.

Mr. Campbell will continue to provide financial consulting services to the Companies and will retain the position of Chief Financial Officer. Mr. Malion commented "Mr. Campbell has decided to go into "semi-retirement" and to reduce his corporate responsibilities. We are pleased that he will continue to provide critical administrative and financial reporting services to both companies until the end of 2022."

Spectra Inc., also advises that Mr. Kevin Haney of Dauphin, Manitoba was nominated to fill this vacancy on the Board of Directors and this nomination has been accepted by the Board. Mr. Haney will join the Board of Directors subject to Regulatory consent. Mr. Haney has over 20 years of business experience in the Oil industry and over a decade in the Transportation Logistics business. Mr. Haney is also a Director of KFG Resources (TSXV: KFG).

Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake Safe(, the visual brake stroke indicating system, Brake Inspector(, the company's electronic in-cab air brake diagnostic system and the Termin-8R( line of anti-corrosion and extreme pressure lubricants. Spectra manufacturers and distributes the ARROW LOGGER(TM) brake stroke data logger that has been designed to enhance the performance of the Brake Safetrademark system. Spectra distributes Zafety Lug Lock(, a lug nut retainer that uses the resistance between wheel nuts to minimize their ability to rotate and loosen, reducing the risk of wheel damage or wheel loss and HUB ALERT(TM), an innovative heat sensing label that provides an alert for overheating wheel ends, reducing the risk of bearing failure.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.
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Old 07-23-2019, 11:11 AM   Nav to Top  #33
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Spectra's Patel resigns as director

2019-07-22 13:25 MT - News Release


Mr. Andrew Malion reports

SPECTRA INC. REPORTS RESIGNATION OF DIRECTOR

Kam Patel has resigned as a director of Spectra Inc. A replacement for his position on the board of directors will be announced in the near future.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.
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Old 07-31-2019, 11:54 AM   Nav to Top  #34
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Spectra earns $192,662 in Q2 2019

2019-07-31 09:34 MT - News Release


Mr. Andrew Malion reports

SPECTRA INC. REPORTS SECOND QUARTER 2019 RESULTS

Spectra Inc. has released its financial results for the first six months of 2019. Revenues for the six-month period ending June 30, 2019 were $1,163,187 compared to $1,042,196 for the same period in 2018, an increase of 11.6 percent. Revenues for the second quarter ending June 30, 2019 were $668,310 compared to $470,187 in 2018, an increase of 42.1 percent.

The second quarter ending June 30, 2019 showed a net profit of $192,662 compared to a net profit of $92,095 for the second quarter ended June 30, 2018.

During the six-month period ending June 30, 2019, a net profit of $298,949 was generated compared to a net profit of $241,871 for the six-month period in 2018.

Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake Safe(, the visual brake stroke indicating system, Brake Inspector(, the company's electronic in-cab air brake diagnostic system and the Termin-8R( line of anti-corrosion and extreme pressure lubricants. Spectra manufacturers and distributes the new ARROW LOGGER(TM) brake stroke data logger that has been designed to enhance the performance of the Brake Safetrademark system. Spectra distributes Zafety Lug Lock(, a lug nut retainer that uses the resistance between wheel nuts to minimize their ability to rotate and loosen, reducing the risk of wheel damage or wheel loss and HUB ALERT(TM), an innovative heat sensing label that provides an alert for overheating wheel ends, reducing the risk of bearing failure and corresponding maintenance and repair costs.

© 2019 Canjex Publishing Ltd. All rights reserved.
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Old 10-28-2019, 03:59 PM   Nav to Top  #35
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Spectra earns $136,828 in Q3 2019

2019-10-28 12:29 MT - News Release


Mr. Andrew Malion reports

SPECTRA INC. REPORTS THIRD QUARTER 2019 RESULTS

Spectra Inc. has released its financial results for the first nine months of 2019. Revenues for the nine-month period ending Sept. 30, 2019, were $1,655,103 compared with $1,601,377 for the same period in 2018, an increase of 3.36 per cent. Revenues for the third quarter ending Sept. 30, 2019, were $491,286 compared with $559,181 in 2018, a decrease of 12.15 per cent.

The third quarter ending Sept. 30, 2019, showed a net profit of $136,828 compared with a net profit of $145,065 for the third quarter ended Sept. 30, 2018.

During the nine-month period ending Sept. 30, 2019, a net profit of $435,777 was generated compared with a net profit of $386,926 for the nine-month period in 2018.

About Spectra Inc.

Spectra, through its subsidiary, Spectra Products, is the Toronto-based North American designer, manufacturer and distributor of Brake Safe, a visual brake stroke indicating system; Brake Inspector, the company's electronic in-cab air brake diagnostic system; and the Termin-8R line of anti-corrosion and extreme-pressure lubricants.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.
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Old 12-19-2019, 07:33 PM   Nav to Top  #36
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Old 01-02-2020, 02:46 PM   Nav to Top  #37
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Spectra changes name to Spectra Products Inc.

2020-01-02 06:29 MT - News Release


Mr. Andrew Malion reports

SPECTRA INC. ANNOUNCES AMALGAMATION AND NAME CHANGE TO SPECTRA PRODUCTS INC.

Spectra Products Inc. (formerly Spectra Inc.) completed a vertical short-form amalgamation with its wholly owned subsidiary Spectra Products Inc. under Section 184(1) of the Business Corporations Act (Alberta) on Jan. 1, 2020. The amalgamation was approved by the board of directors of each of the amalgamating companies. In accordance with the amalgamation, the company changed its name from Spectra Inc. to Spectra Products Inc. The company's stock trading symbol will remain as SSA on the TSX Venture Exchange and it is expected that the company's stock will commence trading under its new name next week following receipt of final approval from the TSX-V.

No action will be required by existing shareholders or holders of certificates representing common shares with respect to the name change. The company's new Cusip number is 84757D100 and its new ISIN number is CA84757D1006.

About Spectra Inc.

Spectra is the Toronto-based North American designer, manufacturer and distributor of Brake Safe, the visual brake stroke indicating system; Brake Inspector, the company's electronic in-cab air brake diagnostic system; and the Termin-8R line of anti-corrosion and extreme pressure lubricants.


© 2020 Canjex Publishing Ltd. All rights reserved.



FYI: I spoke to the company regarding the reason for this amalgamation and it was done in order to use over $1 million in tax loss credits from the parent company towards the profitable cashflow of the subsidiary. So Spectra can add over $ 1 million in cash to the bank without having to pay tax on it. Given that the company has been profitable since 2014 and net income grows every year, this is a massive bonus for shareholder value.
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Old 01-13-2020, 07:21 PM   Nav to Top  #38
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Owner-Operator Independent Drivers Association (OOIDA)Like Page
3 hrs ·
At 6 p.m. Central on SiriusXM 146:

Some violations turn up over and over in out-of-service orders.

Often the most common involve your brakes.

Mark Reddig gets information and advice from Andy Malion of Brake Safe/Spectra Products Inc. and Tom Crowley of OOIDA’s Business Services Dept.

A new year has begun but the year that just ended was a significant one for the trucking industry.

Land Line Media has documented that year front to back.

The stories of 2019 from Jami Jones, Greg Grisolano, Mark C. Schremmer and Tyson Fisher.

Wyoming lawmakers are looking at proposal to allow tolling on Interstate 80.

OOIDA has taken a stand on the effort.

That and more with OOIDA Manager of Government Affairs Mike Matousek.

Terry P. Scruton news includes:

Supreme Court will hear case involving scandal on the George Washington Bridge.

Transportation jobs took a hit in 2019.

And

That’s one way to get your hands on a Popeyes Louisiana Kitchen chicken sandwich.

https://landline.media/land-line-now/
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Old 04-23-2020, 09:46 AM   Nav to Top  #39
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Spectra Products Inc. (previously Spectra Inc.) Reports
Fourth Quarter 2019 Results
For Immediate Release – April 23, 2020
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its financial results
for the twelve-month ended December 31, 2019. Revenues for the twelve-month period ending
December 31, 2019 were $2,036,047 compared to $2,045,806 for the same period in 2018.
Revenues for the fourth quarter ending December 31, 2019 were $380,944 compared to $444,429
in 2018.
In the twelve-month period ended December 31, 2019, a net profit before income taxes of
$364,468 was earned compared to a net profit before income taxes of $495,372 for the twelvemonth period ended December 31, 2018.
The fourth quarter ended December 31, 2019 showed a net loss before income taxes of $71,309
compared to a net profit before income taxes of $108,436 for the fourth quarter ended December
31, 2018.
As a result of the improved financial position of the Company, the Directors now believe that a
deferred tax asset of $508,407 can be recognized. This was done in the fourth quarter of 2019,
resulting in net profit after taxes for the fourth quarter of 2019 of $437,098 and net profit after
taxes for of $872,875 for the year ended December 31, 2019.
Spectra Products Inc. is the Toronto-based North American designer, manufacturer and
distributor of wheel end safety products to the transportation industry. These products include
Brake SafeÒ, Brake InspectorÒ, Zafety Lug LockÒ, Hub Alert™ and the Anti-Seize Cotter Pin™ as
well as the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.
Except for the historical information contained herein, this news release contains forward looking
statements that involve risks and uncertainties, including the impact of competitive products and
pricing and general economic conditions as they affect the Corporation’s customers. Actual
results and developments may therefore differ materially from those described in this release.
On behalf of the Board of Directors,
Andrew Malion, President, Spectra Products Inc.
Investor Relations: 1-800-308-5255
E-Mail: info@spectrainc.ca
Website: 400 Bad Request
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Old 05-04-2020, 09:33 AM   Nav to Top  #40
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Spectra has Q1 profit before tax of $176,513

2020-05-04 07:29 MT - News Release


Mr. Andrew Malion reports

SPECTRA PRODUCTS INC. REPORTS FIRST QUARTER 2020 RESULTS

Spectra Products Inc. has released its financial results for the three months ended March 31, 2020. Revenues for the three-month period ending March 31, 2020, were $535,926 compared with $495,507 for the same period in 2019.

In the three-month period ended March 31, 2020, a net profit before income taxes of $176,513 was earned compared with a net profit before income taxes of $106,287 for the three-month period ended March 31, 2019.

About Spectra Products Inc.

Spectra is the Toronto-based North American designer, manufacturer and distributor of wheel-end safety products to the transportation industry.

We seek Safe Harbor.

© 2020 Canjex Publishing Ltd. All rights reserved.
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