Exclamation Reports Third Quarter Results and Investment in One Inc.
November 29, 2011 at 18:00 PM EST
Exclamation Reports Third Quarter Results and Investment in One Inc.
Toronto, Ontario CANADA, November 29, 2011 /FSC/ - Exclamation Investments Corporation (XI - TSX Venture), ("exclamation") today reports its third quarter financial results for the period ended September 30, 2011.
Third Quarter Highlights
- Completed $600K investment in Exclamation Creations Corporation, as previously announced, a wholly owned subsidiary focused on creating new businesses;
- Incorporated One Inc., a wholly owned subsidiary of Exclamation Creations Corporation and completed a $250,000 seed investment to continue developing One Inc.; and
- Rate of return on corporate investments 2.3% in quarter and 10.5% ROI over last 12 months.
"exclamation has accelerated and increased its investment in the creation of new businesses." commented Marc Lavine, CEO of exclamation. "This will be a continued trend over the next year, as we move forward with the market launch of One Inc., as well as the creation of additional new businesses."
Financial Summary
For the period ended September 30, 2011, exclamation had revenues of $54,787, comprised of interest and dividend income of $46,049, and a $8,738 unrealized gain on investments primarily from the Advantex investment. The return on corporate investments in the quarter was 2.3%.
The table below summarizes the consolidated balance sheet for the periods ended September 30, 2011 and year end December 31, 2010.
Consolidated Balance Sheet (unaudited)
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as at as at
September 30, 2011 December 31, 2010
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Net working capital $400,659 $1,046,693
Total current assets 538,007 1,124,702
Total current liabilities 137,348 78,009
Total corporate investments 2,507,068 2,434,205
Total debt - -
Total shareholders' equity 2,902,727 $3,480,898
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The table below summarizes the consolidated statements of income for the periods ended September 30, 2011 and 2010.
Consolidated Statements of Income (unaudited)
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Q3 YTD September
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July 1 - July 1 - January 1- January 15-
September September September September
30, 2011 30, 2010 30, 2011 30, 2010
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Total rev $54,787 $62,539 $165,368 $208,506
Net unrealized gain
(loss) on investments 8,738 8,000 (35,074) 56,000
Net realized gain on
investments - - 38,500 -
Interest income 21,049 29,540 86,942 81,616
Dividend income 25,000 25,000 75,000 70,890
Expenses 122,201 63,876 293,517 249,358
Earnings (loss) before
income taxes (67,414) (5,018) (128,149) (40,852)
Net income (loss) $(67,414) $(41,103) $(128,149) $(31,155)
Net income (loss) per share $(0.00) $(0.00) $(0.00) $(0.00)
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For more information about exclamation, visit www.exclamation.com. Detailed financial statements and management discussion and analysis are available on www.sedar.com.
ABOUT EXCLAMATION INVESTMENTS CORPORATION
Exclamation provides the opportunity for shareholders to invest in the creation of new business ideas. Exclamation is led by its founder, Marc Lavine, who was been creating businesses under the exclamation brand since his first venture as one of the co-founders of Cyberplex Inc. in 1996.
Exclamation's investment approach leverages the investing and business creation knowledge of its team to identify and invest in opportunities where active involvement creates a situation for enhanced shareholder value. Exclamation seeks to create value by investing in companies at different stages of their lifecycle; be it during the initial creation stage or the managing growth stage, where fundamental changes in strategy are often required. It is during these stages where exclamation's management believes it can have real impact on the company's development.
Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Corporation. Additional information identifying risks and uncertainties is contained in the Corporation's filings with the Canadian securities regulators, which filings are available at www.sedar.com.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Exclamation Investments Corporation
Daniel Shields, Chief Financial Officer
t : 1 (888) 838-1666
e: info@exclamationinvestments.com
w: www.exclamationinvestments.com
To view this release as a webpage, please click the following link:
http://www.usetdas.com/pr/exclamation11292011.htm ;
Source: Exclamation Investments Corporation (TSX-V XI) www.exclamation.com
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