H.A.L. CONCEPTS LTD.

February 28, 2005 16:57 ET

H.A.L. CONCEPTS LTD.: Second Quarter Results


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: H.A.L. CONCEPTS LTD.

TSX VENTURE SYMBOL: HHC

FEBRUARY 28, 2005 - 16:57 ET

H.A.L. CONCEPTS LTD.: Second Quarter Results

TORONTO, ONTARIO--(CCNMatthews - Feb. 28, 2005) - H.A.L. CONCEPTS LTD.
(TSX VENTURE:HHC) (the "Company") announced that operating income for
the six months ended December 31, 2004 was $412 thousand as compared to
$228 thousand for the same period in 2003. Net income for 2004 was $4.0
million compared to $0.7 million for the same period in 2003. The
increase in net income was attributable to a gain on sale of real estate.

The company announced the appointment effective March 1, 2005 of Andrew
Kim as president. Mr. Kim will also join the board as a director.

Subject to proper notice period to the holder of the Deferred preferred
shares ("DPS"), the Company intends to use its available cash resources
to redeem a portion of the DPS.



H.A.L. CONCEPTS LTD.
402 - 4 King Street West
Toronto, Ontario M5H 1B6


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    H.A.L. CONCEPTS LTD.
    Carol Mendoza
    Controller
    (416) 867-9079
    (416) 867-1961 (FAX)
    The TSX Venture Exchange has not reviewed nor does it accept
    responsibility for the adequacy or accuracy of this press release.