Warnex Inc. reported consolidated earnings results for the year ended December 31, 2012. For the year, the company reported earnings before income taxes of $1,023,178, net earnings and comprehensive income of $1,023,178 or $0.04 diluted per share on revenue of $8,964,219 against earnings before income taxes of $1,708,246, net earnings and comprehensive income of $487,246 or $0.02 diluted per share on revenue of $21,258,262 for the same period a year ago. Net cash used in operations was $2,883,383 against $586,470 for the same period a year ago. Acquisition of property, plant and equipment was $85,181 against $211,486 for the same period a year ago.

Warnex Inc. announced that effective as of December 27, 2012, its common shares will begin trading on the NEX on a post one-for-four share consolidation basis under the symbol WNX.H.

Warnex Inc. is seeking acquisitions. Michael Singer, Chairman of the Board of Directors of Warnex, said, "We expect to quickly identify opportunities, if any, which may range from a possible wind-up of Warnex and cash distribution to shareholders to a variety of possible mergers and acquisitions alternatives. We will report back to our shareholders as expeditiously as possible."