ExelTech posts quaterly loss

ExelTech Aerospace announced its financial results for the first fiscal quarter ended June 30, 2008. (All amounts are in Canadian dollars unless otherwise indicated). Revenues for the quarter ended June 30, 2008 totalled $15.3 million compared to $13.7 million for the quarter ended June 30, 2007, an increase of 11%. Despite this increase in revenue, Net Income declined to a loss of $1.3 million, compared to a profit of $18,791 in the same period in the prior year.