ANTHONY CLARK INTERNATIONAL INSURANCE BROKERS LTD. (TSX
Venture Exchange: ACL) (“Anthony Clark”) today reported
financial results for the year end March 31, 2009 as follows:
-
Revenue increased from $15.3 million to $16.9 million (an increase of
10%).
-
EBITDA increased from $1.6 million to $3.2 million (an increase of 98%)
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Net earnings of $0.8 million, compared to a net loss of $3.5 million
-
EPS of $0.09 per share, compared to a loss of $(0.41) per share
“We remain focused on the bottom line objective of strengthening our
financial position and shareholder value” reports Tony Consalvo,
President and C.E.O.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Except for the historical information contained herein, this press
release contains statements that constitute forward-looking statements,
as defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements inherently involve risks and uncertainties
that could cause actual results to differ materially from the
forward-looking statements. Factors that may cause or contribute to such
differences include, among other things, the Company’s ability to close
the proposed transaction. Other risks and uncertainties include changes
in business conditions and the economy in general, changes in
governmental regulations, unforeseen litigation and other risk factors
identified in the Company’s public filings under “Risk Factors.” The
Company undertakes no obligation to update these forward-looking
statements for revisions or changes after the date of this press release.
On behalf of
ANTHONY CLARK INTERNATIONAL INSURANCE BROKERS LTD.
“Tony Consalvo”
Tony Consalvo, President and C.E.O.
Anthony Clark International Insurance Brokers Ltd.
Mr. Tony
Consalvo, C.E.O., (403) 225-5100
tony.consalvo@aclarkinsurance.com
