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Sonic Technology Solutions Inc (SNVFF/SNVFF.PK) Penny Investment Summary:

Sonic Technology Solutions Inc, a development stage company, engages in the development, commercialization, operation, and license of patented process for the remediation of soils contaminated with PCB in Canada. It develops PetroSonic Upgraders heavy oil upgrading process, which de-asphalts heavy oil and enhances the oil quality through an oxidation process; and SonoAsh process for the use of fly-ash as a cement substitute and concrete additive. The company also provides environmental applications, which include the treatment of soil and waste streams contaminated with polychlorinated organic compounds, groundwater treatment, and biological sludge treatment. In addition, it offers industrial applications, which include fine and ultra-fine grinding, creation and maintenance of ultra-fine dispersions, de-agglomeration of feedstocks and resource recovery, and extraction in oil and mineral processes, as well mixing and blending. Sonic Technology Solutions has a joint venture agreement with Mirex Energy Inc. to construct and operate the PetroSonic heavy oil upgrader. The company was formerly known as Sonic Environmental Solutions, Inc. Sonic Technology Solutions was incorporated in 2000 and is headquartered in Vancouver, Canada.
www.sonictsi.com
Founded in 2000

SONIC TECHNOLOGY SOLUTIONS I (SNVFF:Pink OTC Markets Inc)

LAST $0.11 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of 8:10 PM 03/9/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of SONIC TECHNOLOGY SOLUTIONS I (SNVFF)

OPEN
$0.11
PREVIOUS CLOSE
$0.11
DAY HIGH
$0.11
DAY LOW
$0.11
52 WEEK HIGH
10/20/09 - $1.26
52 WEEK LOW
04/22/09 - $0.03
MARKET CAP
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AVERAGE VOLUME 10 D
2.5K
EPS TTM
--
SHARES OUTSTANDING
0.0
SNVFF Does Not Pay Dividends
P/E TTM
--
K = Thousands  M = Millions  B = Billions

Key developments for SONIC TECHNOLOGY SOLUTIONS I (SNVFF)

Sonic Technology Solutions Inc. Enters into Joint Venture in Albania to Build and Operate Initially A 1,000 bopd Petrosonic Heavy Oil Upgrading Facility

SONIC Technology Solutions Inc. announced that it has entered into a joint venture in Albania to build and operate initially a 1,000 bopd PetroSonic heavy oil upgrading facility. The joint venture is with a private company (PrivateCo) which will provide an existing lease and facility which has been utilized in the past for crude blending operations. The PrivateCo will contribute an initial $1 million in capital required into the joint venture. Sonic, through its wholly-owned subsidiary PetroSonic will provide the license for operating Sonic generators and the process for upgrading of heavy crude oil along with the initial one or two sonic generators to process 1,000 barrels per day of heavy crude oil. The joint venture will be owned 60% by PetroSonic and 40% by PrivateCo. Since much of the infrastructure is already in place at PrivateCo's facility, it is expected that the capital required to commence operations will be approximately $1 million. The joint venture anticipates start-up of the facility this June 2010. Over the next 30 days the parties intend to finalize a shareholder and license agreement and register a joint venture company in Albania, after which PrivateCo will deposit the initial $1 million capital commitment into the joint venture account. These funds will be utilized to cover costs associated with establishing operations. Albania provides an excellent region for the application of the PetroSonic process. Albania has the largest onshore heavy oilfield in Europe, with low recoveries to date, and several companies are re-developing the oilfields with production growth expectations. The oil is typically heavy, high in sulphur, and incurs significant pricing discounts relative to conventional oil along with transportation challenges. These factors make Albania an attractive location for PetroSonic's first facility.

Sonic Technology Solutions Inc. Announces Change of CFO

SONIC Technology Solutions Inc. announced that Mr. Brian Farrell has been appointed as interim Chief Financial Officer. Mr. Farrell replaces Mrs. Lisa Sharp who resigned for personal reasons. Mr. Farrell is currently on the Sonic Board and is Chair of the Audit Committee. He has a 25 years experience with both private and public companies and is currently a partner with Meyers Morris Penny LLP. He was previously CFO for Prize Mining Corporation, Mexican Silver Mines Inc. and Mindoro Resources Ltd., all TSX Venture Exchange listed companies.

Sonic Technology Solutions Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009

Sonic Technology Solutions Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss and comprehensive loss was CAD 1,091,025 or CAD 0.01 basic and diluted loss per share compared to net loss and comprehensive loss of CAD 990,315 or CAD 0.02 basic and diluted loss per share for the same period a year ago. Loss and comprehensive loss from continuing operations was CAD 1,091,025 or CAD 0.01 basic and diluted loss per share compared to loss and comprehensive loss from continuing operations of CAD 980,872 and CAD 0.02 basic and diluted loss per share for the same period a year ago. Loss before the undernoted was CAD 1,095,707 compared to CAD 982,896 for the same period a year ago. Cash used in operating activities was CAD 980,120 compared to CAD 593,855 for the same period a year ago. For nine months, the company reported net loss and comprehensive loss was CAD 2,595,236 or CAD 0.04 basic and diluted loss per share compared to net loss and comprehensive loss of CAD 2,797,681 or CAD 0.06 basic and diluted loss per share for the same period a year ago. Loss and comprehensive loss from continuing operations was CAD 2,595,236 or CAD 0.04 basic and diluted loss per share compared to loss and comprehensive loss from continuing operations of CAD 2,741,398 and CAD 0.06 basic and diluted loss per share for the same period a year ago. Loss before the undernoted was CAD 2,597,012 compared to CAD 2,744,760 for the same period a year ago. Cash used in operating activities was CAD 1,876,722 and property, plant and equipment acquired was CAD 17,387 compared to cash used in operating activities of CAD 1,565,776 and property, plant and equipment acquired of CAD 97,379 for the same period a year ago.

Sonic Technology Solutions Inc financial resources

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SNVFF

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SNVFF transactions

Type
Date
Target
Private Placement
March 4, 2010
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