Business & Finance
Business and Finance
Business and Finance
Thu, May 3, 2012 Correction of Information Included in First Quarter Earnings Release
May 03, 2012 15:37 ET
Correction of Information Included in First Quarter Earnings Release
CALGARY, ALBERTA--(Marketwire - May 3, 2012) - Superior Plus Corp. (TSX:SPB) ("Superior") would like to correct the total debt to EBITDA ratio included in the 1st Quarter 2012 earnings release "Superior Plus Corp. Announces 2012 First Quarter Results and an Expansion of its Hydrochloric Acid Capacity" dated May 2, 2012. The total debt to EBITDA ratio as at March 31, 2012 of 4.8X as presented on page 1 and page 5 of this release should have read 4.9X. This correction does not impact Superior's forecasted December 31, 2012 total debt to EBITDA range of 4.4X to 4.6X as provided in the "Debt Management Update" on page 7 of the press release.
About the Corporation
Superior consists of three primary operating businesses: Energy Services includes the distribution of propane and distillates, providing fixed-price energy services, and supply portfolio management; Specialty Chemicals includes the manufacture and sale of specialty chemicals; and Construction Products Distribution includes the distribution of specialty construction products.
Forward Looking Information
Certain information included in this Press Release is forward-looking, within the meaning of applicable Canadian securities laws. Much of this information can be identified by looking for words such as "believe", "expects", "expected", "will", "intends", "projects", "anticipates", "estimates", "continues" or similar words. Forward-looking information in this Press Release includes but is not limited to, forecasted debt ratios. Superior believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.
Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some of which are described herein. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause Superior's actual results to differ materially from any projections of future results expressed or implied by such forward-looking information. These risks are identified in Superior's 2011 Annual Information Form under the heading "Risk Factors", which is available on the SEDAR website ([ www.sedar.com ]). Any forward-looking information is made as of the date hereof and, except as required by law, Superior does not undertake any obligation to publicly update or revise such information to reflect new information, subsequent or otherwise.
