Alter NRG reports second quarter 2015 financial results

TSX - NRG
OTCQX - ANRGF

CALGARY, Aug. 14, 2015 /CNW/ - (TSX - NRG; OTCQX - ANRGF) - Alter NRG Corp., ("Alter NRG" or the "Company") has released its financial results for the three and six month periods ended June 30, 2015.

SELECT FINANCIAL RESULTS ($)

Balance Sheet	June 30, 2015	December 31, 2014
Total assets	53,314,717	58,234,486
Total liabilities	23,807,811	23,068,580
Total equity	29,506,906	35,165,906

Income Statement	Three months Ended		Six month Ended
	June 30, 2015	June 30, 2014	June 30,2015	June 30, 2015
Sales	454,973	8,096,191	1,057,610	14,283,892
Gross Profit	221,797	1,603,184	794,616	2,339,318
Loss from operations	4,316,591	4,315,418	7,386,725	6,267,877
Basic and diluted loss per share	0.16	0.21	0.21	0.25
Total comprehensive loss	4,542,902	5,742,293	5,859,361	6,979,286

For additional information on the Company's financial results please visit www.alternrg.com or www.sedar.com to view Alter NRG's 2015 Second Quarter Report.

ABOUT ALTER NRG

Alter NRG provides alternative energy solutions to meet the growing demand for environmentally responsible and economically viable energy in world markets. Alter NRG's primary objective is to further commercialize the Westinghouse Plasma Gasification Technology, through its wholly owned subsidiary, to provide renewable and clean energy solutions from a wide variety of feedstocks, and provide a wide variety of energy outputs - including liquid fuels like ethanol and diesel, electrical power, and syngas.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

Advisory Respecting Forward-Looking Statements

This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "objective", "may", "will", "believe", "intends", "hope", and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the foregoing, this news release contains forward-looking information and statements pertaining to the following: availability and cost of key materials and labour and availability of funds with respect to the amount of capital expenditures and scheduled commencement of operations; timing of regulatory approval including various permits from the applicable government authorities; the assessment of capital markets including the availability of debt and equity in current market conditions; commodity prices for electricity, natural gas, coal and other resources that impact the Company's operations directly and indirectly; extent of investment by government authorities in infrastructure projects; the financial and operational health of key partners in various projects; environmental performance including, but not limited to, emissions of CO2, harmful gases and slag; margins associated with projects; the technology used in the alternative energy industry; the amount of electricity that will be generated by projects; the amount of waste that will be converted by projects; the cost to complete the construction of phases of projects and entire projects; the timing to complete phases of projects and entire projects; future business opportunities; the anticipated actions of counterparties and potential clients; the continued development of the Company's technology and its use in various applications and other expectations, beliefs, plans, goals, objectives, assumptions, information and statements about possible future events, conditions, results of operations or performance. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release.

The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Forward-looking statements reflect management's current beliefs and assumptions, based on information currently available to management. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, many of which are beyond the control of the Company. Among the material factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: that the information is of a preliminary nature and may be subject to further adjustment; unforeseen environmental effects; the completion of strategic partner's projects; arrangements with key suppliers; potential product liability and other claims; other business risks outlined in this news release, including risks associated with the proprietary technology; the possible unavailability of financing at competitive rates and the related effect on development activities; the effect of energy price fluctuations; changes in government regulation, including changes to environmental regulations; the effects of competition; the dependence on senior management and key personnel, and fluctuations in currency exchange rates and interest rates, as well as those factors discussed in or referred to under the heading "Risk Factors" in the Company's Annual Information Form dated March 30, 2015 available at www.sedar.com.  Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements. 

The Company cautions that the foregoing list of assumptions, risks and uncertainties is not exhaustive. The forward-looking information and statements contained in this news release speak only as of the date of this news release, and the Company assumes no obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable securities laws.

SOURCE Alter NRG Corp.

Walter Howard, Chief Executive Officer, [phone], [email protected]; Daniel Hay, Chief Financial Officer, [phone], [email protected]