FREDERICTON, NB, Dec. 6 /CNW/ - Trius Investments Inc. (TRU: TSX - Venture Exchange) today announces results for its third quarter of fiscal 2005, which ended September 30, 2005. Consolidated revenue for the three months ended September 30, 2005 was $1,401,412 with a consolidated net income of $14,398 ($0.002 per share), compared to consolidated revenue of $1,181,401 and consolidated net income of $27,060 ($0.003 per share) for the same period in fiscal 2004. The Company's consolidated cash position at September 30, 2005 was $264,070, an increase of $295,129 from September 30, 2004. "Although the net income for this quarter is less than the same quarter in 2004 we are encouraged by the increase in revenue and strong cash position," stated Gordon Wheaton, President and CEO of Trius Investments Inc. "We are in a good position as we move forward in our plans, reported in our September and November releases, to enter into investment management opportunities including limited partnerships, hedge funds and mutual funds including but not limited to clean energy initiatives, through our new subsidiary, Trius Asset Management Corp." The complete financial statements can be viewed and downloaded from the Sedar website, www.sedar.com. Trius Investments Inc. is comprised of Trius Leasing Ltd., a diversified car and truck sales, vehicle rental and leasing company, and Trius Disposal Systems Ltd., an innovative residential waste disposal company. Its strategy is to maximize shareholder value through strong internal growth and the identification and acquisition of businesses with solid profit potential and consistently strong cash flows. This press release may contain forward-looking statements including management's assessment of future plans. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include uncertainties resulting from potential delays or changes in plans with respect to projects or capital expenditures The TSX Venture Exchange has neither approved nor disapproved the information contained herein. %SEDAR: 00009507E
Trius Investments Inc. Reports Third Quarter 2005 Results
TRU Precious Metals Corp. on 6ix
Story so far
Earlier from TRU Precious Metals
- New CEO named at Trius Asset Management Corp.
- Trius Investments Inc. - Private placement announced
- Trius Investments Inc. - New Director, Reorganization, Private Placement, Name Change
Later from TRU Precious Metals
- Trius Investments Inc. - First Quarter Report
- Trius Investments Inc. - Private placement closed
- Trius Investments Announces Proposed Name Change to eCycling Technologies Inc.
- Trius Investments Changes Name to eCycling Technologies Inc.
- /C O R R E C T I O N from source -- Trius Investments Inc.; eCycling Technologies Inc./
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