13.3.2008: Meldung: JER Envirotech Announces Q2 Financials

JER Envirotech International Corp. is pleased to announce that its preliminary unaudited revenues for Q2 2008 (ended February 29, 2008) reached $424,126, up 703% over the same quarter in fiscal 2007. These revenues were also up 7% over Q1 2008 ($396,856). For the first half of fiscal 2008, JER"s revenues totaled $820,982, which is up 494% over the same period in fiscal 2007 ($138,097) and approximately 88% of the revenues for all of fiscal 2007 ($934,400). The increase in sales performance is primarily attributed to the growing use of the Company"s raw biocomposite pellets in the North American extrusion and injection molding industries.

"We are very pleased with our sales performance during the second quarter of fiscal 2008," states Ed Trueman, President, CEO and Director. "Our performance during both Q1 and Q2 clearly illustrates JER"s momentum in commercializing its products. We remain confident that we will achieve profitability before the end of calendar 2008, as our sales pipeline has never been more robust and we have a number of client initiatives on the cusp of mainstream production."

Quarter over quarter revenue performance for fiscal 2008, 2007 and 2006 was as follows:

Please click on the link provided to view JER Envirotech"s quarter revenue performance: www.usetdas.com/maps/jer/jerquarterresults.pdf


Q1 Q2 Q3 Q4 Total
2006 $ 78,102 $151,158 $162,435 $ 36,227 $427,922
2007 $ 85,272 $ 52,825 $166,827 $629,476 $934,400
2008 $396,856 $424,126 - - $820,982



JER anticipates the release of its unaudited financial statements for Q2 2008 on or about March 29, 2008. The Company will also be holding a teleconference after market close on the day of the release to discuss the results and provide an outlook for the remainder of fiscal 2008.

About JER Envirotech International Corporation

JER is a global manufacturer of thermoplastic biocomposite compounds and sheeting. The Company"s patented technology utilizes waste or by-product materials, such as wood fibre or rice hulls, to produce environmentally-friendly alternative products for applications in the construction, transport and automotive industries. The Company currently has a range of biocomposite formulations which it developed in collaboration with the National Research Council - Industrial Materials Institute of Canada.

JER currently has manufacturing operations in Canada, Malaysia and the Philippines. The Company is publicly-traded on the TSX Venture Exchange (TSX) under the symbol "JER" and on the Frankfurt Stock Exchange under the symbol "KFTB."

For more information, please visit www.jerenvirotech.com or contact:


"Ji Yoon"
Mr. Ji Yoon
Chief Financial Officer
International: +1 (604) 940-9262

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This news release contains certain forward-looking statements that reflect the current views and/or expectations of JER Envirotech International Corp. with respect to its performance, business and future events. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, those relating to changes in the market, potential downturns in economic conditions, foreign exchange fluctuations, demand for thermoplastic biocomposites, competition and our ability to implement our business plans and strategies in a timely manner or at all. These risks, as well as others, could cause actual results and events to vary significantly. JER Envirotech International Corp. does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements.

(2008-03 #04)

Distributed by Filing Services Canada and retransmitted by Marketwire


Investor Relations:

Mr. Mark Komonoski
VP Corporate Communications
Toll-Free: 1-877-255-8483
International: +1 (403) 470-8483
Email Contact

Email: Email Contact
Website: http://www.jerenvirotech.com

Source: JER Envirotech International Corp.
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