RUM Reports Q1 2013 Results
Edmonton, 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.
Results Highlights for the 3-month period ending March 31, 2013:
* Sales were $11,043,431 (2012 - $10,512,369) , an increase of 5.1%;
* Gross margin was 23.3% (2012 - 23.2%);
* Net loss was $383,957 (2012 - loss $119,085)
Key Highlights for the 3-month period ending March 31, 2013:
Andersons purchased two stores in the first quarter of 2013 and closed one, resulting in 43 stores at period end.
Detailed 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.
Events Subsequent to March 31, 2013:
The Company acquired $526,000 from its acquisition facility and applied payment to bank indebtedness.
About Rocky Mountain
Rocky 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).
Forward-Looking Statements
This 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 depending on, among other things, the risks that these events may not materialize as well as those additional factors discussed in the section entitled "Risk Factors" in RUM's Management Discussion and Analysis, which can be obtained at www.sedar.com. If they do materialize, there remains a risk of non-execution for any reason.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Peter J. Byrne
Chief Executive Officer
(780) 686-7383
Sarah Stelmack
Chief Financial Officer
(780) 863-2326
To view this press release as a PDF, please click on the following link:
http://www.usetdas.com/pr/rum05282013.pdf
Source: Rocky Mountain Liquor Inc. (TSX-V RUM)
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