2013-08-27 22:11:09 -
Toronto, Ontario CANADA, August 27, 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 second quarter ended June 30, 2013.
"Exclamation's investments all progressed well in the quarter. We are especially excited about One's patent filing as it represents a major milestone and a significant step forward in One's progress towards finalizing launch partners and financing." commented Marc Lavine, Chief Executive Officer.
- Generated Annualized Portfolio Return* of +10%, based on average investments of $2.7 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 June 30, 2013, total investments at fair value were $3.01 million as compared to $2.71 million at December 31, 2012, an increase of $301K or +11.1%; and
- Net asset value per share of $0.09, unchanged from March 31, 2013.
- Portfolio company, One Inc., submitted its final Patents representing an important step forward in securing the intellectual property assets of its Universal Recognition Platform.
- Portfolio company, Spectra7 Microsystems Inc., completed a $5.4 million brokered private placement, and stock price increased 11% in the quarter.
Q2 Financial Summary
as at as at
$ June 30, 2013 December 31, 2012
Net working capital $269,252 $482,367
Total current assets 804,442 830,751
Total current liabilities 535,190 348,384
Total corporate investments 3,011,495 2,710,580
Total debt 100,000 -
Total shareholders' equity $2,651,253 $2,664,164
$ Unaudited Unaudited
2013 2012 2013 2012
Net unrealized gains (loss)
on investments 23,180 (17,401) 129,055 (75,905)
Net realized gain
on investments 10,696 - 10,696 -
Interest income 21,809 18,410 42,274 42,654
Dividend income 25,000 25,000 50,000 50,000
Total revenues $80,685 $26,009 232,025 16,749
Expenses 131,813 106,875 244,936 221,118
Net (loss) $(51,127) $ (80,866) $(12,911) $(204,369)
Net (loss) per share
(Basic) ($0.00) ($0.00) ($0.00) ($0.01)
Net (loss) 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(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 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
To view this press release as a PDF file, please click on the following link:
Source: Exclamation Investments Corporation (TSX-V XI) www.exclamation.com
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