Business
TIMIA Capital Provides Q4 and CY2018 Operational Update Plus CFO Appointment
VANCOUVER, BC / ACCESSWIRE / January 11, 2019 / TIMIA Capital Corporation ( TSX-V:TCA /OTC:T...
About this update from Montfort Capital Corp
[{"type":"text","content":"TIMIA Capital Provides Q4 and CY2018 Operational Update Plus CFO AppointmentVANCOUVER, BC / ACCESSWIRE / January 11, 2019 / TIMIA Capital Corporation (TSX-V:TCA /OTC:TIMCF) (\"TIMIA\" or the \"Company\") today provided an operational update for the fourth quarter and year ended November 30, 2018 and announced the appointment of Andrew Abouchar to the position of Chief Financial Officer (\"CFO\").Operational Highlights for Q4 & CY 2018: Total investment and related income for 2018 increased approximately 60% to approximately $1.6M compared to $1.0M in 2017, Completed 8 new investments in software companies in CY 2018 vs.5 in 2017, Portfolio Company Exits in 2018 generated over $1.5M in additional income, and Launched TIMIA's first U.S.transaction with investment into Real Savvy in Q4 2018.In addition to these operational highlights, the Company has appointed Andrew Abouchar, formerly TIMIA's Chief Credit Officer, to the position of CFO.The position was previously held by Jim Pratt as part of his responsibilities on TIMIA's Board of Directors through the first three and half years of TIMIA's growth.\"2018 was a great year for growth and expansion,\" said Mike Walkinshaw, CEO of TIMIA.\"We saw more deals, more revenue, more successful exits and new U.S.deal flow.I would also like to thank Jim for his years of contribution acting as the CFO from his position on the Board of Directors.Andrew's appointment to CFO is a natural progression bringing the role in-house and meeting the increased demands on the CFO position.I would like to congratulate Andrew on his appointment.This is a great fit as he has a strong financial background and knows our business inside and out, having been our Chief Credit Officer since 2016.\"All figures reported above with respect to the quarter ended November 30, 2018 are preliminary and are unaudited and subject to change and adjustment as the Company prepares its consolidated financial statements for the years ended November 30, 2018 and 2017.Accordingly, investors are cautioned not to place undue reliance on the foregoing information.The Company does not intend to provide preliminary results in the future.The preliminary results provided in this news release constitute \"forward-looking information\" and \"forward-looking statements\" within the meaning of applicable Canadian and U.S.securities laws, ...