Business
RUM Reports Q1 2013 Results
RUM Reports Q1 2013 Results Edmonton, Alberta CANADA, May 28, 2013 /FSC/ - Rocky Mountain Li...
About this update from Rocky Mountain Liquor Inc.
[{"type":"text","content":"RUM Reports Q1 2013 ResultsRUM Reports Q1 2013 Results\nEdmonton, Alberta CANADA, May 28, 2013 /FSC/ - Rocky Mountain Liquor Inc. (RUM - TSX Venture), (the \"Company\" or \"Rocky Mountain\"), listed on the TSX Venture Exchange (the \"Exchange\"), today reported its financial results for the period ending March 31, 2013.\nResults Highlights for the 3-month period ending March 31, 2013:\n* Sales were $11,043,431 (2012 -  $10,512,369) , an increase of 5.1%;\n* Gross margin was 23.3% (2012 - 23.2%);\n* Net loss was $383,957 (2012 - loss $119,085)\nKey Highlights for the 3-month period ending March 31, 2013:\nAndersons purchased two stores in the first quarter of 2013 and closed one, resulting in 43 stores at period end.\nDetailed information in the form the Company's unaudited consolidated financial statements and Management Discussion and Analysis for the three month period ended March 31, 2013 are available under the Company's profile on SEDAR at www.sedar.com and also on the Company's website at www.ruminvestor.com. After accessing the website, please choose the \"Investor Relations\" tab to view Quarterly Reports. \nEvents Subsequent to March 31, 2013:\nThe Company acquired $526,000 from its acquisition facility and applied payment to bank indebtedness.\nAbout Rocky Mountain\nRocky Mountain owns 100% of Andersons Liquor Inc. (\"Andersons\"), headquartered in Edmonton Alberta, which now own and operate 43 private liquor stores in that province, up from 18 stores since the Common Shares began trading in December 2008.  It is listed on the TSX Venture Exchange (TSX-V:RUM).\nForward-Looking Statements \nThis news release may contain \"forward-looking statements\" within the meaning of applicable securities laws relating to the future growth of the Company, and the ability to execute its business strategy. Readers are cautioned not to place undue reliance on forward-looking statements, and in particular results achieved in 2013 and previous periods. Past results might not be a certain indication of future performance, which is subject to other risks, including but not limited to changes in operational policies, changes in management, changes in strategic focus, market conditions and customer preferences.  Actual results and developments may differ materially from those contemplated by these statements de...