2012-11-30 02:48:02 -
TORONTO, November 29, 2012 - 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 unaudited financial results for the period ended September 30, 2012.
* Generated Portfolio Return* of 6% in the quarter and 8.3% on the year, based on average investments of $2.44M 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, 2012, total investments at fair value were $2.747M as compared to $2.557M as at June 30, 2012, an increase of $190K or 7.4% primarily due to the investment in
One Inc. and the unrealized gain on Advantex shares.
* Net asset value per share of $0.10, same as Q2; and
* Completed a non-brokered private placement with gross proceeds of $252K at $0.10 per Common Share.
"Exclamation is proud of our strong and profitable quarter due to increased returns in our investments and reduction of expenses" commented Marc Lavine, CEO.
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 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
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