Press Releases

CALGARY, July 3 /CNW/ - Winalta Inc. ("Winalta") (TSX-V-"WTA.A") announces yesterday that the Court of Queen's Bench of Alberta, Judicial Centre of Edmonton (the "Court") has granted an extension, until August 6, 2010, of the initial Order granted on April 26, 2010 pursuant to which Winalta was granted creditor protection under the Companies' Creditors Arrangement Act (Canada) (the "CCAA"). The extension was supported by Deloitte & Touche, Inc., the Court-appointed Monitor of Winalta's CCAA process and was not objected to by counsel to Winalta's secured creditor, HSBC Bank of Canada.

CALGARY, June 29 /CNW/ - Winalta Inc. (TSX-V - "WTA-A") Winalta Inc. ("Winalta" or, the "Company") today announced financial results for its fiscal 2010 second quarter ended April 30, 2010. The Company reports an EBITDA for the three months ended April 30, 2010 was positive $0.1 million relative to negative $0.3 million in 2009. The Company incurred a net loss of $5.2 million on revenues of $6.0 million ($0.14 loss per share fully diluted) for the three months ended April 2010 compared to net loss of $5.2 million on revenues of $4.9 million ($0.15 loss per share fully diluted) in 2009.

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May 21, 2010 - Winalta Inc. (TSX-V-"WTA.A") announces today that the Court of Queen’s Bench of Alberta, Judicial Centre of Edmonton (the “Court”) has granted an extension until July 2, 2010 of the initial Order granted on April 26, 2010 pursuant to which Winalta was granted creditor protection under the Companies’ Creditors Arrangement Act (Canada) (the “CCAA”). The extension was supported by Deloitte & Touche, Inc., the Court-appointed Monitor of Winalta's CCAA process and was not objected to by counsel to Winalta's secured creditor, HSBC Bank of Canada.

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April 26, 2010 - Winalta Inc. (TSX-V-"WTA.A") announces today that it and certain of its subsidiaries, Winalta Homes Inc., Winalta Oilfield Rentals Inc., 916830 Alberta Ltd., Winalta Holdings Inc., Winalta Construction Inc., Baywood Property Management Inc., Winalta Carlton Homes Inc., and Winalta Carriers Inc. (collectively "Winalta") have obtained creditor protection under the Companies' Creditors Arrangement Act (Canada) (the "CCAA") pursuant to an Order granted on April 26, 2010 by the Court of Queen's Bench of Alberta, Judicial Centre of Edmonton (the "Court").

Winalta Inc. (TSX-V - "WTA.A") ("Winalta" or the "Company") announces that Winalta, together with its subsidiary companies (Winalta Homes Inc., Winalta Carriers Inc., Winalta Oilfield Rentals Inc., Winalta Carlton Homes Inc., Winalta Industrial Inc., Winalta Holdings Inc., Winalta Construction Inc., Baywood Property Management Inc. and 916830 Alberta Inc.) have received demands for payment (the "Demands") and Notices of Intention to Enforce Security (the "Notices") from the Company's principal lender, HSBC Bank of Canada ("HSBC"). Pursuant to the Demands, HSBC has demanded payment of approximately $46 million of indebtedness owing by Winalta and its subsidiaries to HSBC under various loans and guarantees.

Calgary, Alberta, – Winalta Inc. (TSX-V – “WTA-A”) (“Winalta” or the Company”) For the twelve months ended October 31, 2009, the Company realized gross profit of $7.5 million on revenue of $43.4 million compared to $32.5 million gross profit on $92.7 million in 2008. The decrease in consolidated gross profit reflects strong competitive product pricing, higher direct selling and setup costs, increased costs related to reduced manufacturing operations resulting from lower production volumes, and low profit margins on paving and aggregate operations during 2009. The Company reports net losses of $27.0 Million, or $0.76 loss per share for the year ended October 31, 2009, down from net earnings of $5.3 Million, or $0.15 earnings per share for the year ended October 31, 2008.

Winalta Inc. (TSX-V - "WTA.A") ("Winalta" or the "Company") announces that it has received a non-binding proposal for the acquisition of Winalta's oilfield rentals business and its carrier division for a purchase price of $24 million to be satisfied through a combination of cash, shares and the assumption of approximately $17 million of indebtedness related to the oilfield rentals business and carrier division (the "Proposal"). As the Proposal has been made by a purchaser in conjunction with certain non-arm's length parties of Winalta, the Winalta Board of Directors has appointed a Special Committee of independent directors to consider the Proposal.

Winalta Inc. (Winalta) announces that it has signed an amending and extension agreement with its primary lender to extend the term of its various outstanding loans, including its primary operating facility, to January 1, 2010.Winalta is in continued discussions with its primary lender to reach a longer term agreement for its existing and future lending needs.

Winalta Inc. (Winalta) today announced financial results for its fiscal 2009 third quarter ended July 31, 2009. The Company reports a net loss of $5.4 million on revenues of $13.3 million ($0.15 loss per share fully diluted) for the three months ended July 2009 compared to net earnings of $2.1 million on revenues of $26.8 million ($0.06 per share fully diluted) in 2008. EBITDA for the three months ended July 31, 2009 was negative $2.3 million relative to $6.0 million in 2008.

Winalta Inc. (Winalta) advises that its primary operating facility agreement expired August 31, 2009 and since that date, Winalta has been in continuing discussions with its lender to establish a new operating facility agreement.

CALGARY, Sept. 11 /CNW/ - Winalta Inc. ("Winalta" or the "Company") announces that on August 29, 2009 it granted a total of 660,000 options to employees and insiders of the Company. 512,500 options were granted to mployees, 110,000 to Officers, and 37,500 to Directors.

Winalta Inc. (Winalta) today announced financial results for its fiscal 2009 second quarter ended April 30, 2009. The Company reports a net loss of $5.2 million on revenues of $6.9 million ($0.15 loss per share fully diluted) for the three months ended April 2009 compared to net earnings of $2.3 million on revenues of $23.2 million ($0.07 per share fully diluted) in 2008. EBITDA for the three months ended April 30, 2009 was negative $1.5 million relative to $5.7 million in 2008.

Winalta Inc. today announces that at its Annual General and Special Meeting held on April 29, 2009, the resolution to cancel and re-grant stock options granted to insiders, was approved by a vote of disinterested shareholders. In accordance with the resolution, Winalta has canceled 1,505,000 previously issued options granted to insiders and re-granted 752,500 stock options to such insiders at an exercise price of $0.50.

Today, Artie T. Kos announced he is stepping back from the President and Chief Executive Officer position at Winalta Inc. and will take on the role of Chairman of the Board of Directors. Mel Benson, who is currently the Chairman of the Board will step down as Chairman but will remain on the Board of Directors as lead Director.

Winalta Inc. (Winalta) today announced financial results for its fiscal 2009 first quarter ended January 31, 2009. The Company reports a net loss of $2.6 million on revenues of $10.9 million ($0.07 loss per share fully diluted) compared to net earnings of $0.8 million on revenue of $20.2 million ($0.02 per share fully diluted) in 2008. EBITDA for the three months ended January 31, 2009 was negative $0.5 million relative to $3.8 million in 2008.

Winalta Inc. announced today that it has taken steps to position itself to further capitalize on opportunities in the northern regions of Canada. Winalta Inc. is pleased to announce both the appointment of Gene Ouellette as First Nations Business Development Manager and the signing of a dealership agreement with Northern Projects Logistics as a distributor of Winalta Homes in the Yukon, NWT and Nunavut.

Winalta Inc. (TSX VENTURE:WTA.A), completes the previously announced acquisition of Envirocore’s construction assets, located in Fort St John, BC.

"We are very pleased to add the Envirocore assets to our existing oilfield construction business. This acquisition is a natural way for Winalta to geographically expand its growing construction business into the Fort St John area. It also facilitates our ability to participate in the growth and opportunities presented in northeastern BC." says Artie T Kos, President and CEO of Winalta inc.

Winalta Inc. announced today the signing of an agreement to acquire the assets of Envirocore, a division of IROC Energy Services Partnership. Located in Fort St John, BC, Envirocore operates as a construction company primarily in lease and road construction for the oil and gas industry. The assets include all lease construction associated equipment and inventories currently operated by IROC’s Envirocore division. Winalta has entered into an agreement to retain certain key Envirocore employees and has offered employment contracts to all current Envirocore employees.

Winalta Inc. is pleased to report its operating results for the year ended October 31, 2008. EBITDA increased to a record $19.7 Million on revenues of $101.5 Million for the year ended October 31, 2008 compared to EBITDA of $16.2 Million on revenues of $104.9 Million in 2007. These results reflect Winalta’s first year of diversified operations, with increased profitability and revenue growth in the Industrial division and increased profitability in the Homes division despite reduced sales.

Kos Corp. Investments Ltd. ("Kos") announces that it has acquired, through its wholly owned subsidiary Kos Win Inc., 1,500,000 class "A" common shares (the "Winalta Shares") of Winalta Inc. ("Winalta") or 4.20% of total outstanding, through the facilities of the TSX Venture Exchange . As a result of the transaction, Kos owns 17,070,813 Winalta Shares (47.85%).

Winalta Inc. is pleased to announce the appointment of Ron Berg as Vice President Corporate Development, Industrial Division.

Mr. Berg has 32 years of experience in the oil and gas industry having worked for Precision Drilling Trust for the past 25 years, from Field Superintendent to, most recently, Senior Vice President.

Winalta Inc. (Winalta) is pleased to announce its sixth consecutive profitable quarter under new management. The Company reports EBITDA of $6.4 million ($0.18 per share fully diluted) on revenue of $28.9 million for the three months ended July 31 compared to and EBITDA of $4.7 million ($0.15 per share fully diluted) on revenue of $24.3 million in 2007.

Winalta Inc. ("Winalta" or the "Company") announces that it will not proceed with its previously announced private placement of up to $10 million of units (the "Units") at a price of $2.35 per Unit (the "Private Placement").

EDMONTON, ALBERTA--(Marketwire - Aug. 20, 2008) -

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Winalta Inc. ("Winalta" or the "Company") (TSX VENTURE:WTA.A ) is pleased to announce that it has entered into an agreement with Dundee Securities Corporation ("Dundee") to complete a private placement on a "commercially reasonable best efforts" agency basis, of up to $10 million of units (the "Units") at a price of $2.35 per Unit (the "Private Placement"). The Private Placement will be conducted by a syndicate of agents led by Dundee and including Acumen Capital Finance Partners Limited.

Winalta Inc. (Winalta) is pleased to announce its fifth consecutive profitable quarter under new management. The Company reports EBITDA of 6.2 million ($0.17 per share fully diluted) on revenue of $26.3 million for the three months ended April 30 compared to and EBITDA of 2.2 million (0.08 per share fully diluted) on revenue of $20.5 million in 2007. Net earnings for the quarter were $2.3 million compared to $773,000 in 2007.

Winalta Inc. announced today that it will consolidate its North Battleford, Saskatchewan manufacturing facility to its Acheson, Alberta facility, located near Edmonton.  Winalta will continue to produce its current industrial product line and expects increased efficiencies and profitability with the use of a single manufacturing facility.

Winalta Inc. advises that its Board of Directors has approved a grant of a total of 150,000 stock options to Officers and Directors in accordance with the terms of its Stock Option Plan.

Winalta Inc. (Winalta) today announced financial results for its fiscal 2008 first quarter ended January 31, 2008. The Company reports net earnings of $769,000 on revenue of $20.2 million ($0.02 per share fully diluted) compared to a net loss of $989,000 ($0.05 per share fully diluted) on revenue of $16.8 million in 2007. 

Winalta Inc. (TSX-V: WTA.A) today announced certain changes in senior management.

CALGARY, March 17 /CNW/ - Winalta Inc. ("Winalta") announced today that it has entered into a series of agreements to acquire serviced lots and developable lands in strategic locations in Saskatchewan.

CALGARY, March 10 /CNW/ - Winalta Inc. (Winalta) today announced certain changes and proposed changes to its Board of Directors.

Winalta Inc. advises that its Board of Directors has approved a grant of a total of 250,000 stock options to Artie T. Kos, Director, President and Chief Executive Officer of Winalta Inc.

Winalta Inc. is pleased to report its operating results for the year ended October 31, 2007.

Effective December 10th, 2007 Paul H Shelley is no longer employed by Winalta Inc. or as an officer of Kos Corp. Investments Ltd.

EDMONTON, ALBERTA--(Marketwire - Oct. 23, 2007) - Winalta Inc. (TSX:WTA.A) announces that it has formed a strategic alliance with PolyLINK™, whereby Winalta will manufacture homes utilizing structural insulated panels ("SIPs") supplied by PolyLINK™. The use of SIPs will effectively reduce construction times and increase the structural integrity of the homes as well as provide superior insulation properties.

After two quarters under new leadership, Winalta's (TSX VENTURE:WTA.A) third quarter results reflect the strengthening of the turnaround to profitability as increasing cash flows from new initiatives continue to be realized.