SSA.V - Spectra Inc.

[Jack_Aster]

Company: Spectra Inc.
Symbol: SSA.V
Price: $0.01
Common Shares: 60,514,837
Insider Holdings: 11,542,143(19% as per SEDI)
Main Website:
Product Website:

Company Description
Spectra Inc., (the

[Jack_Aster]

Spectra enables Brake Safe, Arrow Logger on-line orders


2015-10-08 12:00 MT - News Release


Mr. Michael Faye reports

SPECTRA INC. INTRODUCES E-COMMERCE TO WEBSITE

Spectra Inc.'s subsidiary, Spectra Products Inc., has included e-commerce capability on its website.

The company's website strategy is to focus on the Brake Safe and Arrow Logger products, and attract hundreds of thousands of owner/operators throughout North America by providing a one-stop shopping opportunity for these products. The product presentation format has been updated to provide easy navigation and concise product information supported by video material. A highly visual ordering system has been designed to simplify both product selection and the payment/checkout process.

"We have introduced Brake Safe in a new, universal format that will outfit all air-brake-equipped vehicles and equipment," stated Michael Faye, Spectra Products president. "The current 10-part numbers available through our distribution network have been reduced to three numbers when ordering from the website. This simplification eliminates confusion and reluctance to purchase products while visiting the website, and our pricing includes shipping and handling to anywhere in the United States or Canada, so owner/operators know their final cost when ordering the Brake Safe kits."

E-commerce customers can purchase both Brake Safe and the new Arrow Logger separately or in a new, combined kit format. The introduction of on-line purchasing supports the company's strategy to grow its product sales in the United States. Other products will be offered for sale through the website, as the revamping of product layouts and product information continues.

We seek Safe Harbor.

[Jack_Aster]

SSA.V Q3 Results Ending September 30th 2015

Price: $0.025
Common Shares: 60,514,837
Insider Holdings: 11,542,143(19% as per SEDI)
Institutional Holdings: 18 million shares(confirmed by Spectra)

Financial Results:

Cash: $120,187
Accounts Receivable: $197,186
Inventories: $87,646
Loan receivable: $25,000
Prepaid expenses: $6,386
Investment in Cotter Pin: $49
Equipment: $25,578
Intangible Assets: $468,600

Accounts Payable: $137,712
Loans Payable(Note9): $350,000 (see MD&A)
Royalty Debenture(Note 10): $664,076 (not due until 2019, see MD&A)
Convertible Pref Shares(Note 11): $937,500 (6% interest waived in 2014/2015)

Q3 Revenue
Sales: $486,953
Cost: $196,396
Gross Profit: $290,557
Net Income: $77,801

9 Month Revenue
Sales: $1,368,236
Net Income: $187,271


Last Seven Quarters (Sales and net income are increasing while costs remain the same)

Q3 September 30, 2015
Revenue: $486,953
Net Income: $77,801

Q2 June 30, 2015
Revenue: $529,252
Net Income: $91,421
Q1 March 31,2015
Revenue: $352,031
Net Income: $18,049

Q4 December 31, 2014
Revenue: 349,020
Net Income: $10,210

Q3 September 30, 2014
Revenue: $394,364
Net Income: $15,788

Q2 June 30, 2014
Revenue: $332,726
Net Income: $13,663

Q1 March 31, 2014
Revenue: $357,447
Net Income: $5,939

MD&A Highlights

Results of Operations

Revenue:
Three months ended September 30, 2015 Revenue for the three months ended September 30, 2015 increased by 23 percent to $486,953 compared to revenue of $394,364 for the three-month period ended September 30, 2014. The quarterly increase in revenue is mostly attributable to increases in sales in of Brake Safe