Midwest Energy Emissions Corp. (MEEC)

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NEWS:Midwest Energy Emissions Corp. Provides Business Update; August 2015 Results

Marketwired
Midwest Energy Emissions Corp.
4 hours ago


LEWIS CENTER, OH--(Marketwired - September 22, 2015) - Midwest Energy Emissions Corp. (MEEC) ("ME2C" or the "Company"), an emerging leader in mercury emissions control technology for the global coal-power industry, today provided a general business update for investors and shareholders.

"We are pleased to update the marketplace with our operational results for August 2015, prior to our upcoming third quarter earnings report," said CEO Richard MacPherson.

The Company reported that monthly revenues for August 2015 exceeded $1.5 million, the second-highest revenue total for the year. "During the month, we also finished the installation and commissioning of our sixth front end-injection system and achieved product sales of approximately $900,000. We also achieved positive operating profit and earnings before interest, taxes, depreciation and amortization (EBITDA) for the month," MacPherson said.

MacPherson continued, "Our revenues and activities in the field are on an upswing as we respond to the needs of our customers. As our company continues its growth, we are seeing the expected results in our sales margins, operating profit line and cash flows, in which we achieved our second best monthly results in company history during August, and continued strengthening of our balance sheet. While one month's results are insufficient to project a trend, we look forward to announcing the upcoming quarter results which we expect will reflect these efforts more fully."