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Friday, October 15, 2010

Cleantech Stock News; Semcan Inc. (TSX-V:STT ) Awarded $11.1 Million of New Business

Cleantech Stock News; Semcan Inc. (TSX-V:STT ) Awarded $11.1 Million of New Business

TORONTO, ONTARIO--(Marketwire - 10/15/10) - Semcan Inc. ("Semcan" or the "Company") (TSX-V:STT ) is pleased to announce that it has been awarded $11.1 million of new orders during Q3 and the early part of Q4 2010.

Of the $11.1 million in new orders, $6.7 million is in the Mining industry, $2.6 million is from the Oil and Gas industry, $1.0 million is in the Municipal Potable Water Market and $0.8 is from food processing.
The current backlog of confirmed orders is approximately $17 million compared with the backlog as at June 30th 2010 of $9.9 million.



Phil Jamieson, Chairman and CEO of Semcan, commented, "The award of these orders reinforces our belief that some of our traditional markets are recovering from the lows of late 2009 and early 2010. In particular, we are seeing a significant increase in the level of enquiries from the Mining and Municipal marketplaces.



About Semcan Inc.

Semcan is a supplier of industrial processes and environmental solutions with specific emphasis on water remediation and emission control systems to the North American markets.

Forward-Looking Statement Disclaimer
Caution Regarding Forward-Looking Information and Non-GAAP Measures
This news release contains certain forward-looking statements. These statements relate to future events or future performance and reflect management's current expectations and assumptions regarding the growth, results of operations, performance, and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and expectations and are based on information currently available to management of Semcan. In particular, statements regarding the future operating results and economic performance are forward-looking statements. Forward-looking statements involve significant risks and uncertainties. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements, including risks outlined under "Risk Factors" in our Annual Information Form, which is posted at www.sedar.com. In evaluating these statements, investors should specifically consider various factors, including such risks as Investment Risk; Business Valuations; Condition of Capital Markets; Dependence on Key Personnel; General Economic Factors; Interest Rate Risk; Competition; and Reliance on Key Suppliers. One or more of these "Risk Factors" could cause actual events or results to differ materially from any forward-looking statement. These factors should not be considered exhaustive. Although the forward-looking statements contained in this press release are based on what management of Semcan considers to be reasonable assumptions based on information currently available to them, there can be no assurance that actual events or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements are made as of the date of this press release, and none of Semcan nor its directors assumes any obligation to update or revise them to reflect new events or circumstances. Undue reliance should not be placed on forward-looking statements.



Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.



Contact:

Contacts:Semcan Inc.Phil JamiesonChairman(905) 875-5577

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