Business
Trius Investments Inc. Reports Third Quarter 2005 Results
Trius Investments Inc. Reports Third Quarter 2005 Results.
About this update from Tru Precious Metals Corp.
[{"type":"text","content":"\n\n\n\n\nFREDERICTON, NB, Dec. 6 /CNW/ - Trius Investments Inc. (TRU: TSX -\nVenture Exchange) today announces results for its third quarter of fiscal\n2005, which ended September 30, 2005. Consolidated revenue for the three\nmonths ended September 30, 2005 was $1,401,412 with a consolidated net income\nof $14,398 ($0.002 per share), compared to consolidated revenue of $1,181,401\nand consolidated net income of $27,060 ($0.003 per share) for the same period\nin fiscal 2004. The Company's consolidated cash position at September 30, 2005\nwas $264,070, an increase of $295,129 from September 30, 2004.\n\"Although the net income for this quarter is less than the same quarter\nin 2004 we are encouraged by the increase in revenue and strong cash\nposition,\" stated Gordon Wheaton, President and CEO of Trius Investments Inc.\n\"We are in a good position as we move forward in our plans, reported in our\nSeptember and November releases, to enter into investment management\nopportunities including limited partnerships, hedge funds and mutual funds\nincluding but not limited to clean energy initiatives, through our new\nsubsidiary, Trius Asset Management Corp.\"\nThe complete financial statements can be viewed and downloaded from the\nSedar website, www.sedar.com.\n\nTrius Investments Inc. is comprised of Trius Leasing Ltd., a diversified\ncar and truck sales, vehicle rental and leasing company, and Trius Disposal\nSystems Ltd., an innovative residential waste disposal company. Its strategy\nis to maximize shareholder value through strong internal growth and the\nidentification and acquisition of businesses with solid profit potential and\nconsistently strong cash flows.\n\nThis press release may contain forward-looking statements including\nmanagement's assessment of future plans. These statements are based on current\nexpectations that involve a number of risks and uncertainties, which could\ncause actual results to differ materially from those anticipated. These risks\ninclude uncertainties resulting from potential delays or changes in plans with\nrespect to projects or capital expenditures\n\nThe TSX Venture Exchange has neither approved nor disapproved the\ninformation contained herein.\n\n%SEDAR: 00009507E\n\n\n","length":2275,"tagName":"div"}]