Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Synex International Inc. First Quarter of Fiscal 2013

TSX : SXI

VANCOUVER, Nov. 6, 2012 /CNW/ - For the three months ended September 30, 2012 ("Q1 2013"), revenue decreased to $825,956 as compared to $894,114 in the corresponding period in fiscal 2012 ("Q1 2012"). Revenue decreased from each of the Mears Plant, Cypress Plant and Kyuquot Utility in Q1 2013 over Q1 2012 and consulting revenue increased slightly in Q1 2013 over Q1 2012. The Barr Plant was not in operation in Q1 2012.

The net loss for Q1 2013 was $436,869 as compared to a net loss of $89,790 in Q1 2013. A net loss in the first quarter is expected as the generation from hydro plants in the first quarter normally represents less than 10% of annual forecast generation. The increase in net loss reflects the addition of Barr Creek operations as well as reduced generation from the Mears and Cypress Plants due to near record dry conditions in August 2012 and September 2012. Total generation in Q1 2013 at the Mears and Cypress Plants was 1,595MWh, which is 42% of the generation at the plants in Q1 2012. The loss per share in Q1 2013 was $0.02 as compared to a loss per share of $0.00 in Q1 2012.

During Fiscal 2010, Hawkeye Energy Corporation ("HEC"), a creditor of the Company, entered into receivership and its assets were conditionally sold by the Receiver on behalf of the creditors to the Engineering Division under a bidding process. Prior to closing the sale to the Engineering Division, Hawkeye Power Corporation ("HPC") advanced a claim of an unregistered prior right to the HEC assets. On November 21, 2011, a court dismissed the HPC claim. Subsequently, on December 20, 2011, HPC filed for Notice of Appeal of the court decision. Subsequent to the end of Q1 2012, on October 18, 2012, the BC Court of Appeal upheld the appeal of HPC and ordered that a new trial be held. The date of for the new trial is expected to be in early 2014. HPC has advised that they may pursue further legal action after the new trial.

During Q1 2012, the Power Division had capital expenditures of $74,224 in respect of the development of three separate hydroelectric projects, namely the 5MW McKelvie Creek Project, the 8MW (in total) Newcastle and Montague Creek Projects and the 9.9MW Victoria Lake Project. The Victoria Lake Project has an electricity purchase agreement dated August 2006 whereas the two other projects are expected to make application for electricity purchase agreements under the BC Hydro Standing Offer Program.

At September 30, 2012, the Company had a cash balance of $938,086 which includes $249,806 of cash held within Barr Creek Limited Partnership and Barr Creek Hydro Ltd. The Company is continuing to utilize much of its free cash flow to advance the development of hydroelectric opportunities on Vancouver Island in British Columbia.

Synex International Inc. is a public company, trading on the TSX since 1987, with business interests that cover the development, ownership and operation of electrical generation facilities and the provision of consulting engineering services in water resources, particularly hydroelectric facilities.

"signed"
______________________________________
Greg Sunell, President

This press release contains forward-looking statements that involve risks and uncertainties. These statements reflect our current expectations and are subject to change. They are subject to a number of risks and uncertainties including, but not limited to, changes in economic conditions, risks associated with the construction and operation of hydroelectric facilities and changes in government policies.

SOURCE Synex International Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
SYS-CON Events, Inc. named Cisco "Gold Sponsor" of upcoming Cloud Expo, co-located with 3rd International Internet of @ThingsExpo, the largest IoT event in the world. 15th International Cloud Expo will take place November 4-6, 2014 at the Santa Clara Convention Center in Santa Cl...
Internet of @ThingsExpo, taking place Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 15th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of...
Cloudian is a Foster City, Calif.-based software company specializing in cloud storage. Cloudian HyperStore® is an S3-compatible cloud object storage platform that enables service providers and enterprises to build reliable, affordable and scalable hybrid cloud storage solutions....
As more applications and services move "to the cloud" (public or on-premise) cloud environments are increasingly adopting and building out traditional enterprise features. This in turn is enabling and encouraging cloud adoption from enterprise users. In many ways the definition i...
The world's largest and most successful private cloud operations are revolutionizing their approach to demand management. These organizations have recognized that while self-service portals are a component in the overall cloud architecture, these tools do not enable demand manage...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE