Resource Equity Ltd.

Resource Equity Ltd.

March 29, 2005 12:34 ET

Resource Equity Ltd.: Press Release


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: RESOURCE EQUITY LTD.

TSX VENTURE SYMBOL: REQ

MARCH 29, 2005 - 12:34 ET

Resource Equity Ltd.: Press Release

TORONTO, ONTARIO--(CCNMatthews - March 29, 2005) - Resource Equity Ltd.
(TSX VENTURE:REQ) - For the nine months ended January 31, 2005, the
Company made a profit of $61,563 ($0.03 per share basic and fully
diluted) compared with a profit of $134,444 ($0.06 per share basic and
$0.05 fully diluted) in the prior year period. Operating revenue
excluding, security trading, decreased from $220,819 in the prior year
to $197,597. The reduction was attributable to market fluctuation.
Expenses decreased from $143,579 to $107,239. Currency losses in the
prior year accounted for the change.

Resource Equity Ltd. is an information company that provides specialized
advisory services and investment research on individual corporations,
and on industries, to affiliated companies, and third-party clients.

Additional information including the financial statements and the
management discussion and analysis is available at www.sedar.com.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Resource Equity Ltd.
    James D. Hamilton
    President
    (416) 284-5078
    info@resourceequity.ca
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.