Exclamation Reports First Quarter Financial Results for the Three Months Ended March 31, 2012 and In
May 30, 2012 at 17:05 PM EDT
Exclamation Reports First Quarter Financial Results for the Three Months Ended March 31, 2012 and Increases Stake in One Inc.
Toronto, Ontario CANADA, May 30, 2012 /FSC/ - Exclamation Investments Corporation (XI - TSX Venture), ("exclamation"), a business creator conceiving and developing paradigm-shifting businesses in the dual role of founder and seed investor, today announced its unaudited financial results for the period ended March 31, 2012.
* Generated Portfolio Return* of 8.8% based on average investments of $2.418M over the trailing 12 months. (*Portfolio Return consists of interest income, dividends, realized and unrealized gains and losses, and the recovery of fees from investments.)
* As at March 31, 2012, total investments at fair value were $2.433M as compared to $2.571M as at December 31, 2011, a decrease of $139K or 5.3% due to unrealized losses of $58K and investment repayments of $81K.
* Net asset value per share decreased to $0.102 as at March 31, 2012, from $0.107 as at December 31, 2011.
Exclamation Increases Equity Stake in One Inc.
In a related development, exclamation has also increased its stake in One Inc. with a $125K investment. Said Daniel Shields, exclamation's Chief Financial Officer: "We believe there is far more upside for our shareholders in owning more One Inc. shares."
Detailed financial statements and management discussion and analysis are available on www.sedar.com.
For more information about exclamation, visit www.exclamation.com
ABOUT EXCLAMATION INVESTMENTS CORPORATION
Exclamation Investments (http://www.exclamation.com/)is a business creator that conceives and develops paradigm-shifting businesses in its roles of seed investor, founder and active partner. Leveraging its trans-Atlantic network to develop new business concepts, and its proven process for transforming ideas and capital into profits, exclamation shareholders participate from the founder stage as they 'get in' at a low cost before significant value is established, and are positioned to 'exit' and realize gains when value is maximized offering potential returns significantly higher than traditional venture capital and private equity. For more information about exclamation, visit http://www.exclamation.com.
ABOUT ONE INC.
One Inc. (http://www.one-inc.com/)is solving the problem of too many cards in the consumer's wallet and too many apps on the phone through "Universal Recognition". The "One Inc. Universal Recognition Platform" makes it possible to consolidate all of a consumer's loyalty and membership numbers into a single "One Inc. Number". This number can be linked to any payment card or recognition token that the consumer chooses and the merchant accepts. This may be in the form of a card, a mobile app, attached to your payment card, in your e-wallet or any other token. Now One Inc.'s recognition token replaces all the cards in your wallet!
Certain information in this news 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 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
To view this press release as a web page, please click on the following link:
Source: Exclamation Investments Corporation (TSX-V XI) www.exclamation.com
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