Newlook Announces Third Quarter 2009 Operating Results
01 Décembre 2009 - 3:18PM
Marketwired
Newlook Industries Corp. (TSX VENTURE: NLI) ("Newlook" or the
"Company") announces it has released its unaudited operating
results for the three and nine months ended September 30, 2009.
Net earnings for the three month period ended September 30, 2009
were $495,406 compared to a loss of $158,782 during the comparative
period in the prior year. Year to date September 2009 net earnings
were $4,875,795 compared to a loss of $9,151 during the same period
in the prior year.
Operating results for the three months ended September 30, 2009
were affected by a non-recurring gain of $751,162. In addition,
operating results during the nine month period ended September 30,
2009 were affected by special one-time gains totalling
$6,342,408.
John G. Simmonds, Newlook CEO stated; "The operating results of
the three and nine months ended September 30, 2009 reflect the
restructuring the Company is currently undertaking. Further steps
are being planned to transition the Company to a new business
strategy. We anticipate calling a special meeting in the near
future to satisfy shareholder and regulatory approvals."
Newlook Industries Corp., headquartered in Toronto, Ontario, is
a publicly traded company listed on the TSX Venture Exchange. For
more information please call (905) 833-9845 or refer to
www.sedar.com.
The management of the company, who take full responsibility for
its content, prepared this press release. This press release
contains forward-looking statements relating to future events and
results that are based on Newlook's current expectations. These
statements involve risks and uncertainties including, without
limitation, Newlook's ability to successfully develop and market
its products, consumer acceptance of such products, competitive
pressures relating to price reductions, new product introductions
by third parties, technological innovations, and overall market
conditions. Consequently, actual events and results in future
periods may differ materially from those currently expected.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Newlook Industries Corp. John G. Simmonds Chief
Executive Officer (905) 833-9845 ext. 223 Newlook Industries Corp.
Gary N. Hokkanen Chief Financial Officer (905) 833-9845 ext.
228
Newlook Industries Corp (TSXV:NLI)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Newlook Industries Corp (TSXV:NLI)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024