Business
Exclamation Reports Third Quarter Results
Exclamation Reports Third Quarter Results
About this update from Eq Inc.
[{"type":"text","content":"\nExclamation Reports Third Quarter Results\n\n\n Nov. 30, 2010 (Filing Services Canada) -- Exclamation Investments Corporation (XI - TSX Venture), (\"exclamation\") today reports its first consolidated financial statements as a listed company on the TSX Venture Exchange for the third quarter ended September 30, 2010.Third Quarter Highlights  - Completed the Qualifying Transaction with Chrysalis Capital VI Corporation (\"Chrysalis VI\") on July 14, 2010.- Raised over $750,000 via a private placement that closed concurrently with the closing of the Qualifying Transaction with Chrysalis VI. - Maintained net asset value of $0.13 per share net of all costs associated with the public listing.\"Completing the reverse take-over of Chrysalis VI represented a significant milestone for exclamation and an important step in establishing the foundation of a strong investment company,\" commented Marc Lavine, Chief Executive Officer of exclamation.  \"We're now well positioned to focus our energies on maximizing returns on our active investments and further developing our new business ideas as we seek to accelerate shareholder value.\"Investor RelationsManagement is disappointed with the price of exclamation's shares, which have recently traded at a greater than 50% discount to their net asset value of approximately $0.13 per share.  While representing a great opportunity for new and existing shareholders to purchase shares, management is committed to working towards a share price that more accurately reflects exclamation's value.  As such, and in addition to exclamation repurchasing shares on the open market as previously announced on July 21, 2010, exclamation will implement a significantly enhanced investor relations program over the next six months.Operational UpdateManagement, along with exclamation's investment committee, will continue to review the existing portfolio of investments with the goal of optimizing the mix of revenues derived from dividends and/or interest with those from capital gains.  Specific to the fourth quarter, management will be making its recommendations relating to exclamation's debenture investment in Advantex Marketing International (TSXV: ADX) that matures December 31, 2010. Additionally, within the next six months, Exclamation Creations (\"creations\") intends ...