CVTech Group Inc. reported earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported EBITDA from continuing operations of CAD 2,287,000, net loss from continuing operations of CAD 23,000 or CAD 0.00 per share, net loss of CAD 23,000 or CAD 0.00 per share on revenues from continuing operations of CAD 56,384,000 against EBITDA from continuing operations of CAD 5,725,000, net earnings from continuing operations of CAD 3,193,000 or CAD 0.04 per basic and diluted share, net earnings of CAD 1,939,000 or CAD 0.03 per basic and diluted share on revenues from continuing operations of CAD 51,554,000 for the same period a year ago. The increase in revenue was mainly due to an increase in revenues from contracts for the construction, maintenance and repair of electricity distribution lines and from contracts related to industrial, commercial and institutional electricity projects. The decrease in EBITDA, in both dollars and as a percentage of revenues, was essentially due to temporary inefficiencies in the execution of certain contracts in the United States, mainly as a result of harsh winter weather on the Atlantic seaboard and to the start-up of projects in new market segments. Reflecting the decrease in net earnings, cash flow from operations before changes in items of working capital was CAD 2.5 million in the first quarter of 2013, compared to CAD 6.1 million a year earlier. Including changes in items of working capital, cash flow from operations increased 33.7% to CAD 5.4 million.

CVTech Group Inc. at the annual and special meeting to be held on June 4, 2013, proposed to adopt new bylaws.

CVTech Group Inc. announced that the corporation's Board of Directors has approved the appointment of Mr. Jean Rochette as a member of the Board. The appointment, which fills a vacant seat, is effectively immediately. He is currently president of Les Produits Neptune Inc.