Kure Technologies, Inc. Reports Fiscal 2018 Results

TORONTO, Dec. 27, 2018 (GLOBE NEWSWIRE) -- Kure Technologies, Inc. ("Kure" or the "Company") (NEX: KUR.H), today reported its financial results for the year ended August 31, 2018.

Kure recorded a net loss from operations of $0.86 million or $0.06 per share, basic and diluted, for the year ended August 31, 2018 compared to $1.31 million or $0.09 per share for the year ended August 31, 2017. 

The operating loss for fiscal 2018 excluding non-cash impairments of $0.36 million (fiscal 2017 - $1.05 million) totalled $251,000 or $0.02 per share, compared to $294,000 or $0.02 per share for fiscal 2017.  Non-cash impairments are detailed in notes 6 and 8 in the Company's audited consolidated financial statements for the years ended August 31, 2018 and 2017.

Effective December 24, 2018, Mr. Alex Dolgonos was appointed interim Chief Executive Officer of the Company, replacing Mr. Daniel S. Marks who resigned November 21, 2018.

For further information on the financial results of Kure, please review the Company's audited consolidated financial statements and management's discussion and analysis of financial condition and results of operations for the years ended August 31, 2018 and 2017, available on www.sedar.com.

About Kure Technologies, Inc.

Kure's shares are listed on the NEX under the symbol "KUR.H". More information on Kure can be found at www.sedar.com.

The corporate information contained in this release includes forward-looking statements regarding future events and the future performance of Kure that involve risks and uncertainties that could cause actual results to differ materially. Assumptions used in the preparation of such information, although considered reasonable by Kure at the time of preparation, may prove to be incorrect. The actual results achieved may vary from the information provided herein and the variations may be material. Consequently, there is no representation by Kure that actual results achieved will be the same in whole or in part as those forecast.

Neither the NEX nor its Regulation Services Provider (as that term is defined in the policies of the NEX) accepts responsibility for the adequacy or accuracy of this release.
                                                                                                                                            
For additional information, please contact:
Jacqueline Logan
(905) 660-8100