Nesscap Energy Inc. announced audited earnings results for the fourth quarter and full year ended December 31, 2012. Revenues for the fourth quarter ended December 31, 2012 were $3.2 million compared to $2.8 million for the same period one year ago, representing an increase of 17%. The increased quarterly revenue is due mainly to a significant order shipped to a new customer. Net loss for the fourth quarter of fiscal 2012 was $2.7 million or $0.012 per ordinary share compared to a net loss of $1.1 million or $0.009 per ordinary share for the previous year. Revenues for the year were $11.0 million as compared to $16.2 million in fiscal 2011. The decrease is primarily due to overall soft demand at key accounts and the relative weakness of the European economy over the course of the year. Net loss for the year was $7.2 million or $0.035 per ordinary share compared to a net loss of $4.9 million or $0.037 per ordinary share for the previous year. The increased loss is attributed to the reduced gross profit which itself was impacted by lower revenues compared to 2011.

Nesscap Energy Inc. announced the departure of Steve Oliva, Chief Operating Officer, effective December 31, 2012.

Nesscap Energy Inc. announced that its Chief Executive Officer Dennis Orwig has left the company, effective November 21, 2012, in order to take up new business challenges. As an interim measure, the Board of directors of Nesscap has appointed Jim Zuidema, currently Nesscap's Chief Financial Officer, to serve as Chief Executive Officer on an acting basis, as the Board reviews suitable candidates for the position.