28.10.2004: Meldung: Carmanah Technologies Corp.: record financial results for Q3 2004

Carmanah Technologies Announces record financial results for Q3 2004
Wednesday October 27, 2:15 pm ET

Revenues of $4.6 Million and Profit of $418,000
VANCOUVER, Oct. 27 / Carmanah Technologies Corporation (TSX Venture: CMH - News) is pleased to announce its third quarter results for the nine months ended September 30, 2004 and 2003.

Highlights for the Quarter:

- Record Q3 2004 revenues of $4,628,383, representing
a 98% increase over Q3 2003

- Record 2004 year-to-date revenues of $12,246,176, representing
a 109% increase over the same nine-month period in 2003

- Net earnings for the quarter of $418,592, as compared to
$120,585 for Q3 2003

- Year-to-date net earnings of $631,895, as compared to a net
loss of $69,836 for the same nine-month period in 2003

- Year-to-date gross profit margin at 54%, as compared with
54% for fiscal 2003

"This has been the strongest quarter in our Company"s history," stated Art Aylesworth, Carmanah"s CEO. "We are currently experiencing significant sales momentum in every market sector we are targeting, including those of subsidiary, Carmanah Signs Inc.(formerly AVVA Light Corporation). It is also very encouraging to see that our emerging markets are now providing the highest gains, consistent with our sales strategy for 2004."

For more information, download the financial statements for Q3 2004:

About Carmanah

Carmanah is an award-winning manufacturer specializing in proprietary solar-powered LED lighting solutions for commercial applications in the marine, aviation, transit, roadway, industrial worksite, and illuminated signage markets. The Company currently has more than 100,000 units installed in 110 countries. The shares of Carmanah Technologies Corporation are publicly traded on the TSX Venture Exchange under the symbol "CMH" and on the Berlin and Frankfurt Stock Exchanges under the symbol "QCX". For more information, please visit www.carmanah.com.

For further information

please contact: Media: David Davies, Tel: (250) 382-4332, ddavies@carmanah.com

Source: Carmanah Technologies Corporation
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