Correction - Exclamation Reports Third Quarter Financial Results For The Three Months Ended September 30, 2014
Please note that the only change in the release disseminated on December 2, 2014 was the contact information.
Toronto, Ontario (FSCwire) - Exclamation Investments Corporation (TSXV:XI) (“exclamation”), a business creator conceiving and developing paradigm-shifting businesses in the dual role of founder and seed investor, today announced its financial results for the third quarter ended September 30, 2014.
Q1 Highlights:
- Generated Portfolio Return* of +4.2% on the year, based on average investments of $2.9 million 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 September 30, 2014, total investments at fair value were $2.95 million as compared to $2.90 million at December 31, 2013, an increase of $48K or 1,7.% increase; and
- Net asset value per share of $0.075, same as at December 31, 2013.
Update on One inc.
One solves 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". Subsequent to the end of the quarter, Jeff Moscoe, CEO of One inc. has resigned from the corporation. Exclamation Investments, the majority shareholder of One inc, is currently evaluating all options and ways to move forward that will maximize shareholder value.
Financial Summary
|
|
as at
September 30, 2014
|
as at
December 31, 2013
|
|
|
|
|
|
Net working capital
|
$(378,562)
|
$(97,122)
|
|
Total current assets
|
432,691
|
408,791
|
|
Total current liabilities
|
811,253
|
505,913
|
|
Total corporate investments
|
2,949,803
|
2,901,977
|
|
Total debt
|
100,000
|
100,000
|
|
Total shareholders’ equity
|
2,471,239
|
$2,704,855
|
|
|
Q3
|
YTD
|
|
|
Unaudited
|
Unaudited
|
|
|
2014
|
2013
|
2014
|
2013
|
|
Revenues
|
|
|
|
|
|
Net unrealized gains (loss) on investments
|
-65 399
|
-31 880
|
65 383
|
97 174
|
|
Net realized gain on investments
|
-
|
0
|
-
|
10 696
|
|
Interest income
|
27 425
|
22 880
|
61 689
|
65 154
|
|
Dividend income
|
-
|
25 000
|
-
|
75 000
|
|
Total Revenues
|
-37 974
|
16 000
|
127 072
|
248 024
|
|
|
|
|
|
|
|
Expenses
|
111 183
|
134 560
|
350 202
|
379 496
|
|
|
|
|
|
|
|
Earnings before income taxes
|
-149 158
|
-118 560
|
-223 130
|
-131 472
|
|
Interest Expense
|
3 197
|
-
|
9 485
|
3 649
|
|
|
|
|
|
|
|
Net income
|
$ (152 353)
|
$ (122 209)
|
$ (233 615)
|
$ (135 120)
|
|
Net income per share (Basic)
|
($0,00)
|
($0,00)
|
($0,00)
|
($0,00)
|
|
Net income per share (Fully Diluted)
|
$0,00
|
$0,00
|
($0,00)
|
($0,00)
|
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 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.
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
Marc Lavine, CEO
t : 1 (888) 448-1666
e: info@exclamationinvestments.com
w: www.exclamationinvestments.com
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/exclamation12042014.pdfSource: Exclamation Investments Corporation (TSX Venture:XI) http://www.exclamation.com/
Maximum News Dissemination by FSCwire. http://www.fscwire.com
Copyright © 2014 Filing Services Canada Inc.