SOURCE: Forum National Investments Ltd.

August 18, 2008 08:41 ET

Forum National Investments Reports Record Third Quarter Results

VANCOUVER, BC--(Marketwire - August 18, 2008) - Forum National Investments Ltd. (FNI) (OTCBB: FMNLF) today reported its third quarter financial results for the period ended June 30, 2008. (All figures in Canadian dollars.)

For the third quarter ended June 30, 2008, FNI reported that revenues rose nearly tenfold (961%) to $ 7,472,408, while net income rose to $ 4,498,257, versus revenues and net income of $ 704,391 and $ 23,171, respectively for the comparable year ago period.

For the nine months ended June 30, 2008, the company reported a 245% increase in revenues leading to record revenues and net income of $ 12,379,138 and $ 5,710,833, respectively as compared to revenues of $ 3,582,212 and net income of $ 926,432 for the period ended June 30, 2007.

"Our financial results for the third quarter were extremely robust, and reflect the strength of our Life Settlement business, which we launched less than a year ago," said Dan Clozza, President and CEO, FNI. "We are focusing our management and financial resources on aggressively, yet prudently, increasing our Life Settlement portfolio as a means of growing revenues, profitability and shareholder value."

About FNI:

Forum National Investments Ltd. (http://www.foruminvestments.com/) is a publicly held company trading on the OTCBB under the symbol FMNLF. Our primary business revolves around developing consumer driven organizations designed to enhance lifestyles. The company's Life Settlement operations in the United States are conducted through its wholly owned subsidiary, The American Life Settlements. (ALSS) http://www.thealss.com/.

For further information contact: Dan Clozza 604-806-6098

The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although Forum believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors, including general economic conditions, spending levels and other factors could cause actual results to differ materially from Forum's expectations.

Contact Information

  • For further information contact:
    Dan Clozza
    604-806-6098