BENEV Capital Inc.

BENEV Capital Inc.

August 14, 2013 11:01 ET

BENEV Capital Inc. Announces Q2 Results

OAKVILLE, ONTARIO--(Marketwired - Aug. 14, 2013) - BENEV Capital Inc. (TSX:BEV) (the "Corporation" or "BCI") today announced its results for the period ending June 30, 2013. There was no revenue for the quarter as the Saint Ambroise facility was shut down for the first two months of the period prior to its sale on May 31, 2013. Net loss was $1.3 million including a loss on disposal of assets held for sale and related restructuring costs of $0.55 million. The loss per share was $0.03 on a fully diluted basis.

A fuller discussion is available in the Management Discussion and Analysis on and Interim Condensed Consolidated Financial Statements on

Forward-Looking Statements

Certain statements contained in this press release and in certain documents incorporated herein by reference may constitute forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", "confident", "plan" and "intends" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events, performance, or achievements of BENEV Capital Inc. to differ materially from those anticipated or implied in such forward-looking statements. BENEV Capital Inc. believes that the expectations reflected in these forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct. Given these uncertainties, readers are cautioned that forward-looking statements included in, or incorporated by reference into, this press release are not guarantees of future performance, and such forward-looking statements should not be unduly relied upon. These statements speak only as of the date of this press release. BENEV Capital Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

In formulating the forward-looking statements contained herein, management has assumed that business and economic conditions affecting BENEV Capital Inc. will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity, regulations (including those regarding importation of hazardous materials), and that there will be no unplanned material changes in its facilities, equipment, or customer or employee relations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.

All of the forward-looking statements made in this Press Release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, BENEV Capital Inc.

About BENEV Capital Inc.

BENEV Capital Inc. is a merchant bank. For information, please visit the BENEV Capital Inc. website at:

Contact Information

  • BENEV Capital Inc.
    Sean Morrison
    President and CEO
    (604) 805-8840

    BENEV Capital Inc.
    Lawrence Haber
    Executive Chairman
    (905) 339-1540 Ext. 202