Novik expects record Q1 sales in 2012

• 19% First Quarter 2012 Sales Growth Expected

QUEBEC CITY, April 19, 2012 /CNW Telbec/ - Novik Inc. (TSXV: NVK) is pleased to announce that it expects to attain record first quarter sales of $5.4 million, representing growth of 19% over sales of $4.5 million recorded in the first quarter of 2011. Additionally, Novik expects Q1 2012 results to show year-over-year improvement in margins and profitability.

"We are very pleased with Novik's performance in the first quarter of 2012," stated Michel Gaudreau, President & CEO, "Novik is realizing sales growth in North America and margins and profitability continue to improve. We have seen improvement in sales with our major customers in this territory."

Novik will release its financial results for Q1 2012 on May 17, 2012, the day on which it will hold its annual general meeting for shareholders. The AGM will be held at 10am at Novik's head office in Quebec.

About NOVIK

Novik (TSXV: NVK) is a leader in the design, manufacturer and distribution of innovative polymer exterior siding, roofing coverings and accessories that replace traditional materials such as stone, brick or wood shingles.  These products target the world-wide residential and commercial construction industry.

Forward-looking statements contained in this press release involve known and unknown risks, uncertainties or other factors that may cause actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Source :  

Novik inc.

For further information:

Michel Gaudreau
President, Chief Executive Officer
Tel. : [phone]
E-mail : [email protected] 

Pascal Bouthot
Chief Financial Officer
Tel. : [phone]
E-mail : [email protected]