TDZ Holdings Inc.

April 27, 2012 13:27 ET

TDZ Holdings Inc.-Results for the Year Ended December 31, 2011

TORONTO, ONTARIO--(Marketwire - April 27, 2012) - TDZ HOLDINGS INC., today announced its results for the year ended December 31, 2011.

Overview

TDZ Holdings Inc. (the "Company") was formed under the Business Corporations Act (Ontario) upon amalgamation on April 28, 1999.

Summary of Results

Net income for the year ended December 31, 2011 was $3,000 ($0.00 per share) on revenues of $123,000 as compared to a net income of $559,000 ($0.02 per share) on revenues of $17,000 for the year ended December 31, 2010. The net income for 2010 includes a $597,000 non-recurring gain on disposition.

Net decrease in cash was $19,000 ($0.00 per share) during the year ended December 31, 2011 as compared to a net increase in cash of $563,000 ($0.02 per share) during the year ended December 31, 2010.

Contact Information

  • TDZ Holdings Inc.
    Mr. Harvey Fruitman
    Executive Vice President, Secretary,
    and Chief Financial Officer
    (416) 661-9290