SOURCE: Longview Capital Partners Incorporated

November 30, 2006 08:30 ET

Longview Capital Partners Reports Substantial Profit to September 30, 2006

VANCOUVER, BC -- (MARKET WIRE) -- November 30, 2006 -- Longview Capital Partners Incorporated (TSX-V: LV) is pleased to announce a pre-tax profit of $8.99 million as part of the Company's financial results for its third quarter ending September 30, 2006. This represents the fourth consecutive profitable quarter since the Company's inception in August 2005. Highlights include:

* Earnings per share of $0.20 year-to-date
* Earnings per share of $0.10 over last 3 months
* A 309% increase in total assets, year-to-date
* Return on equity of 68.4% for 9 months
Longview Capital Partners' return on equity has been increasing since inception and currently measures 68.4%, year-to-date. The current quarter's net income translates to $0.10 per share on a fully diluted, weighted-average basis. Year-to-date, the Company has earned $0.20 per share. Total assets have increased by 66% from the June 30 balance sheet and 309% from the December 31 balance sheet.

Revenues for the third quarter were $10.3 million, the majority of which was made up of gains on Longview's current portfolio of marketable securities. The Company has partially completed raising additional equity to take advantage of further opportunities, with partial gross proceeds of $10.8 million as of November 21, 2006.

Longview Capital Partners is a global resource group and a Tier 1 investment issuer on the TSX Venture Exchange. Its business model is to selectively invest in private or undervalued assets, augment management teams with its expertise and assist in the going public process.

Selected financial information follows:

=========================================================================
                                   Quarter ended           Quarter ended
                              September 30, 2006           June 30, 2006
-------------------------------------------------------------------------
Income (loss)
for the Period (Pre-tax)              $8,987,796              $1,976,942
Provision for Income tax             ($1,621,843)              ($829,067)
Basic Earnings (loss) per Share            $0.10                  $0.017
Working capital                      $26,817,306             $15,232,186
Total Assets                         $36,896,837             $22,193,287
Total Long-term Liabilities                    0                       0
=========================================================================
The Company's CEO, Damien Reynolds, noted, "We are gratified by the continued strong performance of our investments, which is the result of hard work on behalf of each investee management team. With the proceeds from our current financing, Longview Capital Partners will be able to take full advantage of new opportunities it has recently developed. This should provide us with the ability to match or exceed our robust results announced here."

For more information on Longview Capital Partners Incorporated, please visit our website at www.longviewcp.com, or call the Company at (604) 681-5755.

On behalf of the Board of Directors,

Damien Reynolds,
Chairman & CEO
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Contact:

    Longview Capital Partners Inc.
    1111 West Georgia Street, Suite 2400
    Vancouver, BC
    Canada V6E 4M3
    phone: +(604) 681 5755
    fax: +(604) 684 2990