January 25, 2012
For Immediate Release
WaterFurnace Renewable Energy, Inc. Announces
Regular Dividend & Fourth Quarter Webcast
(U.S.$)
Fort Wayne, Indiana-WaterFurnace Renewable Energy, Inc.
[WFI:TSX] Timothy E. Shields, Chairman of the Board,
announced that the board has approved the regular quarterly
dividend of $0.24 U.S. per share. The dividend will be paid
March 1, 2012, to shareholders of record at the market close
of February 21, 2012.
The press release covering fourth quarter and year end
results will be filed after the close of business on Friday,
March 9, 2012. The annual report to shareholders will be
available at that time at www.waterfurnace.com and filed on
SEDAR at www.sedar.com. Management will conduct a webcast
covering the results of the quarter and year at
11:00 AM Eastern Standard Time on Monday, March 12, 2012.
Interested parties can listen live or to the recorded version
at www.newswire.ca/en/search?Ntt=waterfurnace or at the
Company's website: www.waterfurnace.com.
Forward-Looking Information Cautionary Notice
Certain statements in this release constitute forward-looking
statements within the meaning of applicable Canadian
securities laws. Readers are cautioned not to place undue
reliance on such statements. Investors should not rely solely
on this information to make investment decisions. These
statements are subject to certain assumptions, risks and
uncertainties. In addition, WaterFurnace's sales are related
to the cost and stability of electricity, fuel oil, propane
and natural gas. Federal, state and provincial building codes
and energy incentives can also impact sales. WaterFurnace is
subject to standard risks associated with most companies,
such as normal competitive pressures. These and other risks
could cause WaterFurnace's actual results, performance,
achievements and developments to differ materially from the
results, performance, achievements or developments expressed
or implied by such forward-looking statements. Other risk
factors can be found in WaterFurnace's Annual Information
Form and other public documents filed by WaterFurnace with
Canadian securities regulatory authorities. WaterFurnace
assumes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future
events or otherwise, except as expressly required by law.
More Information
WaterFurnace Renewable Energy, Inc. is traded in both
Canadian dollars and U.S. dollars on the Toronto Stock
Exchange under the symbol WFI for Canadian dollars and WFI.U
for U.S. dollars.
WaterFurnace designs, manufactures and distributes geothermal
heat pumps. The geothermal units use the renewable solar
energy stored just below the surface of the earth to
dramatically reduce the energy consumed by buildings for
heating, cooling and hot water.
Additional information about the Company and its products is
available on the Company's website:
www.waterfurnace.com. Or call (260) 478-5667 and ask for
investor relations.
WaterFurnace Renewable Energy, Inc.
9000 Conservation Way
Fort Wayne, Indiana 46809-9794 (260) 478-5667
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