Halmont Properties Corporation

February 21, 2008 17:08 ET

Halmont Properties Corporation: Second Quarter Results

TORONTO, ONTARIO--(Marketwire - Feb. 21, 2008) - HALMONT PROPERTIES CORPORATION (TSX VENTURE:HHC) announced today that the net income for the six months ended December 31, 2007 was $194 thousand ($nil per share) as compared to $1,238 thousand ($0.02 per share) for the same period in 2006.

The Company cautions that reported earnings are dependent on factors which do not occur evenly period to period, such as the timing of asset sales and other non-typical, non-recurring events. Accordingly, results for the quarter and annualized for the year may not be indicative of future results.

Halmont Properties Corporation invests directly in real estate and securities of companies with real estate interests.

This press release includes certain forward looking statements including management's assessment of the Company's future plans and operations based on current views and expectations. All statements other than statements of historic facts are forward looking statements. These statements contain substantial known and unknown risks and uncertainties, some of which are beyond the Company's control. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements. Readers should not place undue reliance on these forward looking statements which represent estimates and assumptions only as of the date on which such statements are made. The Company undertakes no obligation to publicly revise or update any forward looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Halmont Properties Corporation
    Edward C. Kress
    (416) 956-5140
    (416) 203-9931 (FAX)