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Tuesday, March 9, 2010
Active Control Reports Another Record Quarterly Revenue
Commercialization continues with three new installations begun during the quarter
Toronto,
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TORONTO, March 9, 2010 - Active Control Technology Inc. (TSX-V:ACT), a leading provider of advanced wireless communication, productivity and safety systems, today announced its financial results for the second quarter of fiscal 2010 ended January 31, 2010.

The Corporation generated revenues of $1,620,010 during the quarter ended January 31, 2010, as compared to $183,563 in the quarter ended January 31, 2009. The increase is primarily attributable to the deployment of the Corporation's ActiveMine™ product which delivered a 15-fold increase in revenues.

For the six month period ended January 31, 2010, the Corporation generated revenues of $2,963,419, as compared to $545,821 in the corresponding period ended January 31, 2009.

"During the quarter, new installations commenced in three more mines, bringing the total underground installations of ActiveMine™ to eight," said Cameron Sturgess, President and CEO. "In addition, I am also pleased to see that the growth revenue generated from these eight mines is showing good momentum."

The Corporation incurred a net loss of $(1,113,332) or $(0.00) per share during the quarter ended January 31, 2010, as compared to a net loss of $(1,149,322) or ($0.01) per share for the quarter ended January 31, 2009.

For the six month period ended January 31, 2010, the Corporation incurred a net loss of $(2,169,692) or $(0.01) per share, as compared to a net loss of $(1,898,248) or $(0.01) per share, for the corresponding period ended January 31, 2009.

"As a result of the equity financing completed during the quarter, which delivered net cash proceeds of $3.3 million, we have ended the quarter with a much stronger balance sheet," said Peter Gimon, EVP Finance and CFO. "We will continue to manage our operating expenses very tightly, in particular our cash burn, as we are still consuming cash, albeit at a lower rate than projected in our prospectus offering."



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