Tuesday, November 15, 2011

Arete Industries, Inc. Expects $2 Million in Net Income for the Third Quarter Ended September 30, 2011

WESTMINSTER, Colo., Nov. 15, 2011 (GLOBE NEWSWIRE) -- Arete Industries, Inc. (OTCQB:ARET) today announced it generated over $2.9 million in gross revenue, expects over $2 million dollars (or in the range of $0.30 to $0.32 in net income per fully diluted common share) for the quarter ended September 30, 2011 and expects over $800,000 of net income (or in the range of $0.10 to $0.12 per fully diluted common share) for the nine months ended September 30, 2011. The Company will be filing an extension for...continued
     

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