Automodular : First Quarter 2016 Results

First Quarter 2016 Results

PICKERING, ON, May 5, 2016:

Automodular Corporation ('Automodular' or 'the Company') (TSXV:AM.H) reports a net loss of $(0.3) million or $(0.03) per share for the quarter ended March 31, 2016 compared to a net loss of $(1.6) million or $(0.08) per share in the same period in 2015.

As previously noted, Automodular ceased operations at its Oakville facilities in December 2014 and no longer has active operations.

The results for the first quarter of the year are summarized below (all figures in '000s except per share amounts):

Automodular's interim consolidated financial statements and Management Discussion and Analysis for the period ended March 31, 2016 will be filed on SEDAR on or about May 10, 2016.

For further information, contact:

Christopher S. Nutt
President, CEO and CFO
Automodular Corporation
[phone]
[e-mail]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.