CALGARY, ALBERTA--(Marketwired - Nov. 5, 2015) - CEMATRIX Corporation (TSX VENTURE:CVX) (the "Corporation" or the "Company" or "CEMATRIX") announces the release of its consolidated financial results for the three months and nine months ended September 30, 2015.

Third Quarter Highlights

Contracted sales for work in 2015 are at an all-time yearly record level of $15.0 million and a further $1.2 million is contracted for 2016. Year to date sales and before tax income to the end of September 2015 of $9.076 million and $908,863, respectively, were at a record high for the Company.

Sales for the three months ended September 30, 2015, of $4.092 million, were up significantly compared to the same period in 2014. Most of this increase (90.4%) came from a large project in the Alberta oil and gas sector which will continue into 2016. Infrastructure sales also increased. The gross margin on sales was $1 .721 million or 42.1%. The higher sales, improved gross margin and tight control of expenses resulted in reported income, before income tax provision, of $985,265 for the quarter.

Earnings before interest, income taxes, depreciation and amortization ("EBITDA") for the three months ended September 30, 2015 increased to $1.219 million from a negative number of $364,999 in the same period of 2014.

The challenges for management through the remainder of 2015 include ensuring the completion of the work that is contracted; working with customers to manage project schedules for 2015; ensuring that there are trained operating staff and equipment to complete the 2015 projects; and to carefully manage working capital to fund operations through this significant growth period for the Company. The new dry mix unit, which went into service in October, will help to ease the equipment requirements.

Financial Results

Selected financial information for the three months and nine months ended September 30, 2015 and 2014 is as follows:

Three Months ended September 30 Nine months ended September 30
2015 2014 Change 2015 2014 Change
Revenue $ 4,092,447 $ 967,382 $ 3,125,065 $ 9,075,755 $ 4,298,846 $ 4,776,909
Gross margin 1,721,473 (5,072 ) 1,726,545 2,934,727 453,491 2,481,236
Operating expenses (549,474 ) (454,617 ) (94,857 ) (1,609,395 ) (1,452,682 ) (156,713 )
Operating income (loss) 1,171,999 (459,689 ) 1,631,688 1,325,332 (999,191 ) 2,324,523
Non-cash stock based compensation (62,388 ) - (62,388 ) (190,660 ) (129,764 ) (60,896 )
Finance costs (147,724 ) (55,182 ) (92,542 ) (270,176 ) (145,096 ) (125,080 )
Other income 23,378 10,618 12,760 44,367 15,411 28,956
Income (loss) before income taxes 985,265 (504,253 ) 1,489,518 908,863 (1,258,640 ) 2,167,503
Provision of deferred taxes (232,865 ) 109,296 (342,161 ) (211,653 ) 234,899 (446,552 )
Income (loss) attributable to common shareholders 752,400 (394,957 ) 1,147,357 697,210 (1,023,741 ) $ 1,720,951
Unrealized foreign exchange gain (loss) on translation of foreign subsidiary 1,913 (11,037 ) 12,950 (36,296 ) (22,143 ) (14,153 )
Comprehensive income (loss) $ 754,313 $ (405,994 ) $ 1,160,307 $ 660,914 $ (1,045,884 ) $ 1,706,798
Fully diluted income (loss) per common share $ 0.021 $ (0.012 ) $ 0.033 $ 0.020 $ (0.031 ) $ 0.051

The outlook for 2015 remains positive. The Company has put in place $15.0 million of contracted work for completion in 2015. In addition, it has also placed numerous bids on other projects currently scheduled to be completed in 2015 and 2016, but is unable to ascertain at this time how many of these projects, if any, will result in additional contracted work for 2015.

"2015 is already a very good year for the Company and the fourth quarter could be our best quarter of the year," stated Jeff Kendrick, President and CEO of CEMATRIX. "Sales and profits are up and prospects for the future continue to grow."

This press release should be read in conjunction with the Corporation's unaudited Consolidated Financial Statements and Management Discussion and Analysis for the three months and nine months ended September 30, 2015, both of which can be found on SEDAR.

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a manufacturer and supplier of technologically advanced cellular concrete products with applications in a variety of markets, including oil and gas construction and infrastructure construction. Cellular concrete provides a cost and labour saving solution as a replacement for rigid and other insulating materials in frost-susceptible or permafrost conditions. Cellular concrete is also used in void filling situations and as a replacement for granular fills and weak or unstable soils.

Neither 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.

Forward-looking information: This news release contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", expect", "would" or other similar words). Forward-looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries' future financial and operations plans and outlook. All forward-looking statements reflect CEMATRIX's beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward-looking information. CEMATRIX undertakes no obligation to update or revise forward-looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX's Management Discussion and Analysis dated November 4, 2015 under CEMATRIX's profile on SEDAR at and other reports filed by CEMATRIX with Canadian securities regulators.

Contact Information:

CEMATRIX Corporation
Jeff Kendrick
President and Chief Executive Officer
(403) 219-0484

The Howard Group
Jeff Walker
Investor Relations
(888) 221-0915 or (403) 221-0915 or