Quinsam Capital Corporation
CNSX : QCA

December 03, 2013 09:00 ET

Quinsam Capital Invests in CERF Incorporated, NTG Clarity Networks Inc., Questor Technology Inc., and Titan Logix Corp.

TORONTO, ONTARIO--(Marketwired - Dec. 3, 2013) - Quinsam Capital Corporation (CNSX:QCA) ("Quinsam or the "Company") is pleased to update shareholders on its November activities. November was the first month of operation under its new management team led by fund manager Roger Dent.

Following the closing of its private placement on November 18, Quinsam Capital has commenced to selectively deploy funds into investments where Quinsam sees strong value and growth potential. The company has purchased positions in four companies: CERF Incorporated ("CFL"), NTG Clarity Networks Inc. ("NCI"), Questor Technology Inc. (QST), and Titan Logix Corp. (TLA).

CERF is in the equipment rental business (the "Equipment Rental Segment") and the waste management business (the "Waste Management Segment") in Alberta. The Equipment Rental Segment includes the rental of residential, commercial and industrial construction related equipment including sales and service of equipment. It also includes the rental and sale of equipment to the drilling and service sectors of the oil and natural gas industry. The Waste Management Segment consists of complete waste facility management (six landfill sites in central Alberta) including waste facility design and construction services, recycling management and collection services, and consulting services. The Waste Management Segment also consists of waste removal and disposal from commercial, industrial and residential customers. We purchased shares immediately after the company reported strongly-improved third quarter results.

NTG Clarity's vision is to be a global leader in providing networking solutions. NTG has experienced a 102% increase in revenues during the first nine months of 2013 with net income growth of 458% to $1.8 million or $0.06 per share. The Company's earnings for the third quarter of 2013 alone were $784,669 or $0.025 per share. NTG also has a stable balance sheet with positive working capital of $3.9M or $0.12 per share and minimal long-term debt. Management is confident that the Company's strong growth rates in both revenues and earnings will continue into the New Year. One of the main reasons for the strong growth in 2013 to-date has been a renewed international focus on state-of-the-art technology and networking capabilities. Mobile applications have been the fastest growing technology trend with NTG's mobile application development being increasingly chosen as a leading product in these markets.

Questor designs and manufactures high efficiency waste gas incinerators for sale or for use on a rental basis and also provides combustion-related oilfield services. The Company's proprietary incinerator technology destroys 99.99% of noxious or toxic hydrocarbon gases which ensures regulatory compliance, environmental protection, public confidence and reduced operating costs for customers. The technology creates an opportunity to utilize the heat generated from efficient combustion. Questor is recognized for its particular expertise in the combustion of sour gas. In recent quarters, Questor has been reporting sharp increases in revenue and profit as its technology gains acceptance in the marketplace.

TLA is a high technology company specializing in research and development, manufacturing and marketing of advanced technology fluid management solutions. TLA's products include guided wave radar gauges for level measurement and overfill prevention (particularly for use in mobile tanker applications), level gauges for storage tanks, burner management for oilfield heaters, and communication systems for remote alarming and control. The products are currently used in the oil and gas, waste fluid collection, chemical and aviation industries. These technologies and their derivatives under development are applicable to a variety of additional markets which TLA plans to expand into at the appropriate time. A common practice in many of these markets is the use of manual methods for measurement and control. Due to safety considerations, the rising cost of many fluids, awareness and concerns about the environment and technological advancements enabling better operational efficiencies, TLA is experiencing an increased demand for our advanced technology products. TLA anticipates this demand will continue as we pursue expansion into other markets.

About Quinsam Capital Corporation

Quinsam is a merchant bank based in Canada. Our merchant banking business encompasses a range of activities including acquisitions, advisory services, lending activities and portfolio investments. Quinsam invests its capital for its own account in assets, companies or projects which we believe are undervalued and where we have a viable plan for unlocking such value. We do not invest on behalf of any third party, and do not offer investment advice.

This press release may contain forward-looking statements relating to anticipated future events, results, circumstances, performance or expectations that are not historical facts but instead represent our beliefs regarding future events, which are inherently uncertain. Forward-looking statements can often, but not always, be identified by forward-looking words such as "anticipate", "believe", "continue", "expect", "goal", "plan", "intend", "estimate", "may", "project", "predict", "potential", "target", and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance.

By their nature, forward-looking statements require us to make assumptions which include, among other things, that (i) Quinsam will have sufficient capital under management to effect its business strategies, (ii) the business strategies will produce the results intended by Quinsam, and (iii) the markets will react and perform in a manner consistent with the business strategies.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company believes that the expectations reflected in the forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct. Some of the risks and other factors that could cause actual results to differ materially from those expressed in forward-looking information expressed in this press release include, but are not limited to: market and general economic conditions, interest rates, regulatory and statutory developments, the nature of the Company's investments, the available opportunities and competition for investments, the concentration of the Company's investments in certain industries and sectors, reliance on key personnel, risks affecting the Company's investments, management of the growth of the Company, and exchange rate fluctuations. Readers are cautioned that the foregoing list of risks and factors is not exhaustive. Although the Company has attempted to identify important factors that could cause actual events or results to differ materially from those described in forward-looking information, there may be other factors that cause events or results to differ from those intended, anticipated or estimated.

The forward-looking information contained herein is provided as at the date of the date of this press release, based upon the opinions and estimates of management and information available to management as at the date of this press release. The Company does not undertake and specifically disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable law. Readers are cautioned not to place undue reliance on forward-looking information contained in this press release.

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