Exclamation Reports Third Quarter Financial Results for the Three Months Ended September 30, 2013
November 28, 2013 at 07:35 AM EST
Exclamation Reports Third Quarter Financial Results for the Three Months Ended September 30, 2013
Toronto, Ontario CANADA, November 28, 2013 /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 financial results for the third quarter ended September 30, 2013.
"We are pleased with our results to-date, as our investment portfolio remains stable with positive returns," commented Daniel Shields, Chief Financial Officer. "In particular, we are excited about One's strategic business developments and milestones achieved".
Q3 Highlights:
- Generated Annualized Portfolio Return* of +5%, based on average investments of $2.8 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, 2013, total investments at fair value were $2.97 million as compared to $2.71 million at December 31, 2012, an increase of $260K or +9.7%;
- Subsequent to the quarter, exclamation completed a non-brokered private placement with gross proceeds of $300,000 at $.10 per Common Share.
Q3 Financial Summary
-***-
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as at as at
$ September 30, 2013 December 31, 2012
(GAAP) (GAAP)
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Net working capital $203,487 $482,367
Total current assets 807,710 830,751
Total current liabilities 604,223 348,384
Total corporate investments 2,973,703 2,710,580
Total debt 100,000 -
Total shareholders' equity $2,547,039 $2,664,164
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Q3 YTD
$ Unaudited Unaudited
2013 2012 2013 2012
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Revenues
Net unrealized gains (31,880) 89,148 97,174 13,250
(loss) on investments
Net realized gain - - 10,696 -
on investments
Interest income 22,880 18,500 65,154 61,147
Dividend income 25,000 25,000 75,000 75,000
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Total revenues $16,000 132,648 248,024 149,397
Expenses 134,560 116,887 379,495 338,005
Interest Expense 3,649 - 3,649 -
Net (loss) $(122,209) $ 15,761 $(135,120) $(188,608)
Net (loss) per share ($0.00) $0.00 ($0.00) ($0.01)
(Basic)
Net (loss) per share ($0.00) $0.00 ($0.00) ($0.00)
(Fully Diluted)
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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
Daniel Shields, Chief Financial Officer
t : 1 (888) 838-1666
e: info@exclamationinvestments.com
w: www.exclamationinvestments.com
To view this press release as a PDF file, click onto the following link:
http://www.usetdas.com/pr/ExclamationNov282013.pdf
Source: Exclamation Investments Corporation (TSX-V XI) www.exclamation.com
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