EXC

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Essex Angel Capital Inc. (TSX VENTURE:EXC) (the "Corporation") today announces
the filing of its unaudited financial results for the three and nine-month
period ended May 31, 2012. During the three month period ended May 31, 2012 the
Corporation posted net and comprehensive income of $7,625,659.


The net income derives from a reported $10,394,917 unrealized increase in the
estimated fair value of the Corporation's investments, partly offset by a
related future income tax expense of $2,416,509, and operating expenses of
$353,049. 


The current quarter's net income translates to $0.206 per share, basic and fully
diluted. Total assets have increased by 568% from the February 29, 2012 balance
sheet and 493% from the August 31, 2011 balance sheet. Excluding future income
taxes, the Corporation's balance sheet remains free of long-term liabilities.


Selected financial information follows:



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                    Quarter ended May      Quarter ended                    
                             31, 2012  February 29, 2012  Year ended August 
                          (unaudited)        (unaudited) 31, 2011 (audited) 
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Income (loss) for                                                           
 the quarter /                                                              
 year, before                                                               
 income taxes             $10,042,168          ($149,648)         ($748,557)
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Provision for                                                               
 income taxes             ($2,416,509)                $-                 $- 
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Earnings (loss) per                                                         
 share - basic and                                                          
 fully diluted                 $0.206            ($0.005)           ($0.033)
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Working capital              $120,869            $71,716           $422,319 
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Total assets              $12,467,879         $1,865,379         $2,101,878 
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"The Essex management and board are pleased to report this quarter's results to
our shareholders," commented Rick Galdi, the Corporation's Chairman and CEO.

Grafico Azioni Essex Angel Capital Inc. (TSXV:EXC)
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Da Gen 2025 a Feb 2025

Grafico Azioni Essex Angel Capital Inc. (TSXV:EXC)
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Da Feb 2024 a Feb 2025