Vista Releases Select Year-End Financial Data

WESTMINSTER, Colo., Jan. 05, 2018 -- Vista International Technologies, Inc (OTCBB:VVIT) a pioneer in efficient Waste-to-Energy (WTE) technology, is pleased to give investors an update on the Company’s financial condition at the close of the recently completed fiscal year.  The financial data listed here is not a complete financial statement and represents estimates based on current information available.  In conjunction with this information, the company expects to release an update on its waste-to-energy activities in the next 2-3 weeks.

The Company’s revenue in 2017 was roughly equal to that of the prior year, at just over $1 million.  This was significant, as the Company only operated its tire facility for roughly ten months during the year, as it was sold in early November.  For the period of operation, revenues at the facility were roughly 20% higher than the prior period. 

Upon the sale of the facility, the company was able to significantly reduce its outstanding liabilities as well as boost its cash position.  At the close of 2017 the Company saw its liabilities reduced by over $1.5 million, or roughly 30% of total liabilities, as compared to the prior period.  This reduction was achieved with no dilution to the Company’s stock. Liabilities are expected to continue to significantly decline in 2018 as the company remediates the tire facility property and continues to settle other older outstanding liabilities.  In addition, the Company held over $450,000 in cash and cash equivalents at the end of 2017.  This amount, coupled with amounts due to the company from its Waste to Energy activities, should be sufficient to completely cover the costs of remediating the Hutchins tire facility as well as provide sufficient resources to move the company’s WTE business plan forward.

Vista International Technologies, Inc. has been producing Waste-to-Energy gasification systems for over twenty years, with installations across three continents.  The Company’s technology has low costs of installation and operation, and allows for the processing of virtually any hydrocarbon-based waste product, including municipal solid waste, waste tires, sewage waste, and biomass, among others.  The company’s WTE systems are emission friendly and extremely efficient, and can be used to produce heat, steam, and/or electricity. For more information please email us at [email protected], or call 303 690 8300.