Fab-Form Announces Change in Auditors
Delta, British Columbia--(Newsfile Corp. - February 1, 2024) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") today announced a change in auditors, effective 01 January 2024. The change comes following the retirement and resignation of Culver & Co. ("Predecessor Auditor"), who has served as the company's auditors since 2002. There were no reservations in the Predecessor Auditor's audit reports for any financial period during which the Predecessor Auditor was the Company's auditor. There...
2024-02-01 6:00 PM EST
Fab-Form Announces the Appointment of a New Chief Executive Officer and Chief Financial Officer
Delta, British Columbia--(Newsfile Corp. - December 6, 2023) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form" or the "Company") is pleased to announce key appointments to its leadership team, effective December 01, 2023. Joseph Christian Fearn has been appointed as the Chief Executive Officer (CEO), and Vishwanath Kumar as the VP and Chief Financial Officer (CFO). Joseph Fearn brings with him over 18 years of construction industry experience and a successful track record in sales,...
2023-12-06 7:50 PM EST
Fab-Form Announces Results for the First Quarter Ended 30 September 2023
Delta, British Columbia--(Newsfile Corp. - November 29, 2023) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form" or the "Company") has released its financial results for the three-month period ended September 30, 2023. The company achieved a net profit of $356,998 during this quarter, marking a 23% decrease compared to the corresponding period in 2022. Additionally, the revenue for the three months concluded on September 30, 2023, amounted to $1,540,676, representing a 27% decrease compared...
2023-11-29 4:47 PM EST
Fab-Form Announces Results for the Transitional Six Months Period Ended 30 June 2023
Delta, British Columbia--(Newsfile Corp. - October 27, 2023) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form" or "company") releases results for the six months period ended 30 June 2023. The company recorded a net profit of $482,594 during this period, reflecting a 26% decrease compared to the corresponding period in 2022. Additionally, the revenue for the six months ended 30 June 2023 was $2,591,065, which represents a 13.98% decrease compared to the first six months of 2022. The operating...
2023-10-27 6:50 PM EDT
Fab-Form Announces the First ICF Step 5 Development in BC
Delta, British Columbia--(Newsfile Corp. - August 16, 2023) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") announced the delivery of Insulated Concrete Forms ("ICF") for a 280-unit Net Zero project in Squamish, BC. This project is significant as it is the first to be built under the new Step 5 Building Code (Net Zero) of BC. The BC government initiated the Step 5 Building Code in an effort to reduce the environmental footprint of housing: each unit will produce as much energy as it...
2023-08-16 4:17 PM EDT
Fab-Form Announces 2023 First Quarter Results and Operational Update on Fast-Tube
Delta, British Columbia--(Newsfile Corp. - May 29, 2023) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") releases 2023 first quarter results. The Company generated a net profit of $111,922 for the quarter compared to a net profit of $223,002 in the previous year as a result of a decrease in sales of 37.85%. The performance of Q1 was expected due to the contraction in the housing market as a result of higher interest rates. However, sales have picked up in April, with demand similar to Q2...
2023-05-29 10:00 AM EDT
Fab-Form Announces Change of Year-End to 30th June
Delta, British Columbia--(Newsfile Corp. - May 5, 2023) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") today announces that its Board of Directors has approved a change in Fab-Form's fiscal year end from December 31 to June 30. This change in fiscal year end from December 31 to June 30 is being made to better align Fab-Form's reporting calendar. We received the required approval from the tax authorities to affect the change. Fab-Form's latest financial year ended on 31 December 2022. The...
2023-05-05 5:37 PM EDT
Fab-Form Releases Financial Results for 2022 Financial Year
Delta, British Columbia--(Newsfile Corp. - April 28, 2023) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") releases year end results. Fab-Form achieved a record $6.1Mn in sales in 2022 with a net profit after taxes of $1.25Mn. Cash generated from operations in 2022 was $1.6Mn. Total liquid funds increased to $2.8Mn from 1.5Mn in 2021. Excess funds were placed in short term investments, which will generate additional interest income in 2023. Supply chain challenges were normalized, and...
2023-04-28 9:00 PM EDT
Fab-Form Ranks Among Top 50 Performing Companies on the 2023 TSX Venture 50
Delta, British Columbia--(Newsfile Corp. - February 21, 2023) - FAB-FORM INDUSTRIES LTD. (TSXV: FBF) ("Fab-Form" or the "Company") is pleased to announce that it has been named as one of the top performers on the TSX Venture Exchange. The 2023 TSX Venture 50® celebrates the strongest performances on the TSX Venture Exchange (the "TSXV" or "the Exchange") over the last year. Comprised of 10 companies across five sectors: energy, mining, clean technology and life sciences, diversified...
2023-02-21 7:45 AM EST
Fab-Form Industries Ltd. Announces Completion of Shares for Debt Settlement
Delta, British Columbia--(Newsfile Corp. - December 7, 2022) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") is pleased to report that, pursuant to its November 23, 2022, news release, it has completed shares for debt settlement of $123,040.56 by issuing 90,471 common shares at a deemed price of $1.36 per share. The securities issued are subject to a four-month and one day hold period, expiring on 08 April 2023. Insiders acquired 39,311 shares under this arrangement and, accordingly, the...
2022-12-07 6:17 PM EST
Fab-Form Industries Ltd Announces Shares for Debt Settlement of $123,040.56
Delta, British Columbia--(Newsfile Corp. - November 23, 2022) - Fab-Form Industries Ltd. (TXSV: FBF) ("Fab-Form") is arranging shares for debt settlement consisting of 90,471 shares, priced at $1.36 per share. The arrangement is a settlement of compensation owed to non-arm's length parties under section of 6.3 under Regulation 61-101. Pursuant to the terms and subject to the conditions of the agreements with the creditors/non-arm's length parties (the "Debt Settlement Agreements"), the...
2022-11-23 7:38 PM EST
Fab-Form Releases Third Quarter 2022 Financial Results
Delta, British Columbia--(Newsfile Corp. - November 22, 2022) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") releases its third quarter results. The third quarter was another strong period with record revenue, profit from operations, and net cash generated. Operating margins remained above 35%, with total cash in hand ending at $2.87Mn. Total earnings for the third quarter increased 33% compared to 2021. The total earnings for the nine months ended 30 September 2022 increased to...
2022-11-22 8:06 PM EST
Fab-Form Industries Ltd Entered into a Fabric Development Agreement with Hagihara Industries Inc.
Delta, British Columbia--(Newsfile Corp. - November 24, 2021) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") has entered into a Fabric Development Agreement ("Agreement") with Hagihara Industries Inc ("Hagihara"), a company domiciled in Kurashiki City, Japan. This Agreement will enable both companies to research, test and develop a unique fabric optimized for the Fast-Tube fabric column form. Concrete pressures in the fabric form induce tensile force in the weft direction only, not in...
2021-11-24 1:37 PM EST
Fab-Form Industries Ltd Announces Its Completion of Shares for Debt Settlement
Delta, British Columbia--(Newsfile Corp. - October 28, 2021) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") is pleased to report that, pursuant to its October 18, 2021 news release, it has completed shares for debt settlement of $144,089.55 by issuing 261,981 common shares at a deemed price of $0.55 per share. The securities issued are subject to a four-months hold period expiring on 28 February 2022. Insiders purchased 127,111 shares and, accordingly, the shares for debt settlement is a...
2021-10-28 6:28 PM EDT
Fab-Form Industries Ltd Announces Shares for Debt Settlement of $144,089.55.
Delta, British Columbia--(Newsfile Corp. - October 18, 2021) - Fab-Form Industries Ltd (TSXV: FBF) ("the Company") announces shares for debt settlement of $144,089.55. The Company arranging shares for debt settlement consisting of 261,981 shares, priced at 0.55 per share. The funds conserved from the arrangement will be used for; the research and development of optimized fabric for Fast-Tube® which will include travelling and related testing costs; to replace the existing Fastfoot machinery...
2021-10-18 9:29 PM EDT
Fab-Form Announces Completion of Private Placement
Delta, British Columbia--(Newsfile Corp. - February 21, 2018) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") is pleased to announce it has completed a non-brokered private placement with accredited investors, directors and officers of Fab-Form (the "Insiders"), family members, employees, close friends and business associates by issuing a total of 702,710 common shares at $0.50 per share, for total gross proceeds of $351,355. The securities issued in the private placement are subject to a...
2018-02-21 2:41 PM EST
Fab-Form Announces $500,000 Private Placement
Delta, British Columbia--(Newsfile Corp. - October 31, 2017) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form" or the "Company") is pleased to announce its intention to complete a non-brokered private placement of up to 1,000,000 units of the Company (the "Units") at a subscription price of $0.50 per Unit for aggregate gross proceeds of up to $500,000 (the "Private Placement"). Each Unit will consist of one common share of the Company (each, a "Common Share"). All securities issued will be...
2017-10-31 4:00 AM EDT