TORONTO, May 31, 2013 – Difference Capital Funding Inc. (“DCF”) (TSXV: DCF) today announces its financial results for the quarter ended March 31, 2013.
DCF had revenue of $1,977,441 million and net income of $869,667. DCF earned $255,340 from the participation in the advisory fees of DCF’s manager which added to DCF’s cash flow in 2013. This business is expected to continue to grow throughout the year.
Executive Chairman, Michael Wekerle, said of the Q1 financial results, “I am pleased with the continued evolution of DCF and the unique investment and advisory business model we bring to the public markets.”
Chief Financial Officer, Henry Kneis said, “We are pleased with this quarter’s results that strongly evidence the continued growth of DCF and well positions DCF for new opportunities.”
The interim unaudited March 31, 2013 financial statements and management’s discussion and analysis are available at http://www.sedar.com
About Difference Capital Funding Inc.
Difference Capital Funding Inc. is a public-listed, Toronto-based merchant bank focused on creating shareholder value through strategic investments in, and advisory services for, growth companies, particularly in the technology, media and healthcare sectors, as well as opportunistic investments in undervalued financial assets and real property.
This release includes forward-looking statements regarding DCF and its business. Such statements are based on the current expectations and views of future events of DCF’s management. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release and the anticipated growth of the DCF business, may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the company, including risks regarding achieving investment objectives, economic factors and the equity markets generally and many other factors beyond the control of DCF. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and DCF undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Difference Capital Funding Inc.
Chief Executive Officer
416 649 5088