|IDOI 0.0004 +33%
|SOUL 0.03 +10%
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|PHOT 0.0462 +15%
CALGARY, ALBERTA–(UPTICK Newswire – OCT 21, 2014) – CanaDream Corporation (TSX VENTURE:CDN) (“CanaDream” or the “Company”) today announced financial results for the year ended April 30, 2014, as follows:
Revenue for the year ended April 30, 2014 was $29.3 million, net and comprehensive income $1.1 million, and cash flow from operating activities $18 million.
The Company encourages interested parties to access CanaDream Corporation’s Management Discussion and Analysis (MD&A) on the SEDAR website, www.sedar.com, for a more detailed discussion of these results.
Summarized results for the year ended April 30, 2014 are as follows:
|Year ended April 30,|
|Revenue||$ 29,276,000||$ 27,835,000||5%|
|Income before finance and income tax expenses||$ 2,884,000||2,023,000||43%|
|Income before income taxes||$ 1,565,000||$ 757,000||107%|
|Net and comprehensive income||$ 1,133,000||$ 608,000||86%|
|Cash provided by operating activities||$ 17,967,000||$ 13,912,000||29%|
|Cash flow from operations per share fully-diluted||95.6 cents||71.2 cents||35%|
|Basic earnings per share||6.0 cents||3.1 cents||100%|
|Fully diluted earnings per share||6.0 cents||3.1 cents||100%|
|Weighted average shares outstanding||18,790,987||19,403,167||(3%)|
|Weighted average diluted shares outstanding||18,790,987||19,547,812||(4%)|
For the year ended April 30, 2014, CanaDream Corporation recorded net and comprehensive income of $1.1 million, an 86% increase from the prior year. Cash flow earned from operating activities was $18 million, a 29% increase.
Total revenue increased $1.4 million (guest revenue decreased 4% and revenue from the sale of guest fleet and fleet inventory increased 19%). Operating expenses increased 2% from the prior year. Finance interest increased 4%.
At April 30, 2014, investment in guest fleet and fleet inventory was $27 million, a $1.4 million decrease from the prior year. Despite the decrease in guest fleet and fleet inventory, fleet financing was $20.2 million, an increase of $123,000 from April 30, 2013.
The Company’s core business, promoting the opportunity to experience Canada at your own pace through the recreational vehicle experience, is seasonal in nature with the majority of its revenue being earned during the May to October period, the first and second quarters of its fiscal year. The majority of the Company’s cost of services expenses before employee compensation, benefits and depreciation are incurred in that same period.
The Company markets for sale guest experienced recreational vehicles and fleet inventory on a continuous basis throughout the year; however, sales of such units are generally strongest from January to early summer. As a result of ongoing depreciation, interest and other operating expenses, the last two quarters of the fiscal year normally produce operating losses. Losses incurred in the last two quarters may exceed profits earned in the first two quarters of the fiscal year.
The financial data included in this release has been prepared in accordance with International Financial Reporting Standards, except for the term cash flow from operations per share. Cash flow per share is a measure that provides shareholders and potential investors with additional information regarding the Company’s liquidity and its ability to generate funds to finance its operations.
CanaDream Corporation promotes Canada and the opportunity to “experience Canada at your own pace” in recreational vehicles and sells its guest experienced recreational vehicle fleet on a wholesale and retail basis. The Company is utilizing its proprietary business-to-business web-enabled system, www.canadasbest.com, and its business-to-consumer on-line internet reservation system, www.canadream.com, to operate and expand its network of RV rental locations in Canada. CanaDream maintains six Company-operated locations in Calgary, Vancouver, Whitehorse, Toronto, Montreal and Halifax. CanaDream now offers a global RV solution by partnering with Apollo Motorhome Holidays in Australia, New Zealand and the USA. The Company is also leveraging its proprietary technology to build a collective membership network of associate dealers that are fully interconnected to CanaDream’s e-commerce systems. CanaDream currently has one associate dealer franchisee in Edmonton, Alberta.
For further information, please contact:
Mr. Brian Gronberg, President & CEO
Toll Free: 800-461-7368
Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
(UPTICK Newswire) 10/17/14 -In a press release that was distributed on September 9th 2014 OxySure(R) Systems Inc. (OTCQB: OXYS) announced a $2.46 million dollar distribution contract with Ajad Medical located in Saudi Arabia. Ajad Medical will be the exclusive distributor for OxySure in the kingdom of Saudi Arabia and will be distributing the OxySure Model 615 to numerous vertical markets. This is the fourth overseas contract OxySure has announced recently and the value of the four contracts combined exceeds $5.4 million dollars. Management indicates that other similar deals are in advanced discussions and with no direct competition, OxySure is sure to reach new heights.
OxySure has developed a platform technology that creates medical oxygen from two dry, inert powders. The OxySure Model 615 uses this simple and safe technology and is FDA approved for over the counter sale (no prescription required) and is CE Marking approved for Europe. OXYS is the only company in the world that has this technology, and with OxySure’s growing list of global distribution partners they are well positioned to become a significant medical device player. Currently the company has over 40 distributors in the US, and their flagship product has been instrumental in saving thousands of lives.
OxySure has developed a “cookie cutter” model for entering overseas markets. For each and every new country that the company enters into, they identify the strongest distribution partner. Then, they negotiate a limited exclusivity in exchange for a minimum sales commitment for two or three years. That model is expected to produce a significant number of multimillion dollar contracts and excellent visibility on sales and the “sales funnel” over the next several years.
Additionally, Aero Healthcare located in UK/Australia completed a $950K contract with OxySure in March 2013 to bring the first such agreement under the company’s belt. In May 2013, two months later, OxySure completed another contract worth $470K with a company named Medizon located in the Netherlands. Also, in December 2013 the company signed a deal with Pacific Medical in Hong Kong for a contract value of $1.6 million.
The recent $2.46 million contract with Ajad Medical requires a minimum purchase of 18,000 portable emergency oxygen units (Model 615) and replacement cartridges over a three year period to maintain exclusivity.
About OxySure Systems, Inc.
OxySure Systems, Inc. (OXYS) is a medical technology company that focuses on the design, manufacture and distribution of specialty respiratory and medical solutions. The company pioneered a safe and easy to use solution to produce medically pure (USP) oxygen from inert powders. The company owns numerous issued patents and patents pending on this technology which makes the provision of emergency oxygen safer, more accessible and easier to use than traditional oxygen provision systems. OxySure’s products improve access to emergency oxygen that affects the survival, recovery and safety of individuals in several areas of need: (1) Public and private places and settings where medical emergencies can occur; (2) Individuals at risk for cardiac, respiratory or general medical distress needing immediate help prior to emergency medical care arrival; and (3) Those requiring immediate protection and escape from exposure situations or oxygen-deficient situations in industrial, mining, military, or other “Immediately Dangerous to Life or Health” (IDLH) environments. www.OxySure.com
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts, including, without limitation, statements that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development, may be deemed to be forward-looking statements. Words such as “expects”, “intends”, “plans”, “may”, “could”, “should”, “anticipates”, “likely”, “believes” and words of similar import also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. Except as may be required under applicable law, we assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. Additional information on risks and other factors that may affect the business and financial results of OxySure Systems, Inc. can be found in the filings of OxySure Systems, Inc. with the U.S. Securities and Exchange Commission.
|EHOS 0.0005 +66%
|ILIV 0.0004 +100%
|DGRI 0.0003 +50%
|OWOO 0.0110 +144%
CanaDream Corporation caters to the international and local tourism business and is one of the largest recreational vehicle (RV) ”rental”, retail and wholesale companies in Canada. It is their pleasure to welcome both international and local Guests who wish to fulfill their dream of seeing the beautiful country and to “experience Canada at their own pace”. CanaDream has a fleet of approximately 800 units that are offered to its guests, retail and wholesale clients from 7 gateway cities across Canada.
SINALOA, Mexico, Oct 17, 2014 — Gold and Gemstone Mining Inc. (OTCQB:GGSM) engage in the acquisition, exploration-production, and development of gold and other minerals properties in Mexico announce today an update on matters relating to Mexican Government funding, with organizations like the secretary of economic development (SEDECO), the council for economic development in Sinaloa (CODESIN) and mining promotion Trust (FIFOMI) where SEDECO and CODESIN have the function of promoting the state’s economy by supporting businesses with tax incentives, financing, business consulting and support efforts of government procedures in order to influence public policy and where we come to talks where it has made us aware of the support of these agencies to keep a safe and proper process in managing the company, bringing greater security for our operations; In addition, The Mining Development Trust is the lead agency that provides financing for mining projects in Mexico, with funding programs ranging from $ 150,000 to $ 25,000,000 USD, we are in talks with FIFOMI where we have been offered funding for the projects of the company, where we can meet all the requirements that the agency requested, supported with the drive and commitment of CODESIN and SEDECO.
Ivan Mondragon, Vice President and General Manager, commented Gold and Gemstone Mining is a company focused on the acquisition, exploration and potential development of prospective gold and silver properties in North and South America. Our strategy is to build a pipeline of gold and silver projects to explore and develop, or enter into joint-ventures. We target projects in historic mining districts with what are believed to have potential for large-scale exploration or relative short to medium-term production.
The Company’s accredited senior management has deep-rooted relations within the mining industry of Mexico. GGSM wishes to develop a strong asset base that will provide an opportunity for continued expansion into the surrounding neighbors of Mexico as well as internationally.
GGSM has adopted a lean and agile management strategy by leveraging partnerships and joint ventures with proven mining companies and geologists, the ultimate objective always being rapid and successful production. The company near term focus is on the full funding, development and production of its first 3 mining concessions.
The Directors of GGSM are acutely focused on the local communities philanthropically in which their mining operations will be developed, in doing so helping to ensure a long lasting and mutually beneficial relationship for years to come.
The company, in an equally owned Joint Venture with local landowners shares the rights to mine 3 concessions. These concessions are situated within the Kono District, Sierra Leone’s prominent alluvial mining region for gold and diamond projects. These rights are conditional upon on the successful funding of the Joint Venture by GGSM within 12 months of the concessions transfer to the Joint Venture.
The company is in the process of adding more companies and concessions to its current mining portfolio, again within a particular focus on alluvial mining projects for precious metals and gemstones.
GGSM will continue toward its goal of full funding for its JV partners and progress into the production phase of the company’s development while, in addition, continuing to utilize its worldwide network of business partners to identify the next series of projects with which to focus and develop.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company’s business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company’s business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company’s Securities and Exchange Commission filings under “risk factors” and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.