Earth Alive Reports Q3 2015 Financial Results

MONTREAL, QC / ACCESSWIRE / November 30, 2015 / Earth Alive Clean Technologies Inc. (CSE: EAC) (“Earth Alive” or the “Company”), a leading developer and manufacturer of a variety of state-of-the-art microbial technology-based products for agriculture and dust control, today reported its financial results and operational highlights for its third quarter ended September 30, 2015.

Highlights from Q3 2015:

– Revenues $891,574 for the year to date is a 200% year over year increase
– Agriculture revenue $350,850 for the year to date, surpassing all of FY 2014
– Dust revenue $540,724 for the year to date is a 85% year over year increase
– Completion of Barrick Gold dust control order in Chile for total revenues of $399,000 for the 9 months.

David Gilmour, CEO of Earth Alive, stated, “We are pleased with our year-to-date results and they are in-line with what we expected as we continue to make inroads in very promising international markets. I am confident that the growth strategies we have been implementing will, as planned, ramp up our revenues in 2016.”

Earth Alive also announces that while preparing the interim financial statements for the third quarter ended September 30, 2015, it has identified an error related to its previously filed financial statements (the “Financial Statements”) and management discussion and analysis (the “MD&A”) for the three month and six month periods ended June 30, 2015. Revenues relating to pro forma invoices amounting to $61,777 for sales in Central and South America were recorded in error. Consequently, the Company has filed amended and restated Financial Statements and MD&A for that period, copies of which are available under the Company’s profile on SEDAR at www.sedar.com.

The major line items in the interim financial statements for the second quarter ended June 30, 2015 that are affected by the corrections are detailed as follows:

About Earth Alive Clean Technologies:

Earth Alive aims to be a key player in world markets of environmentally sustainable industrial solutions. The company works with the latest innovations in microbial technology to formulate and patent innovative products that can tackle the most difficult industrial challenges, once only reserved to environmentally harmful chemicals and additives. The company is focused on environmental sustainability in 1) dust control for the mining industry, and 2) the agriculture industry.

For additional company information, please visit: www.earthalivect.com

The CSE has neither approved nor disapproved the contents of this press release. The CSE does not accept responsibility for the adequacy or accuracy of this release.

Forward Looking Information

Except for statements of historical fact, this news release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” occur. Although Earth Alive believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

Earth Alive Clean Technologies Inc.,
1001, Lenoir Street, Suite B-338,
Montreal (Qc) Canada
H4C 2Z6
T.(438) 333-1680

For media information and interview requests, please contact:
Mr. David Gilmour
(e) dgilmour@earthalivect.com
(p) 514-814-2899

For investor relations, please contact:
Mr. Frédérick Chabot
(e) frederick@contactfinancial.com
(p) 438-863-7071

SOURCE: Earth Alive Clean Technologies Inc.

ReleaseID: 434162