NovaDX Announces Second Quarter Results
| March 12, 2007 NovaDX Announces Second Quarter Results |
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| NovaDX Ventures Corp, President & CEO, Neil MacDonald, reports: (Vancouver, BC, March 12, 2007) NovaDX Ventures Corp ("NovaDX") has released its second quarter fiscal 2007 financial statements for the six month period ending December 31, 2006. The Company is pleased to announce its first quarter of profitability. Revenue for the quarter was $284,693, compared to nil for the second quarter of 2005, and brings year-to-date revenue to $327,747. Net income for the period was $52,224. "During the second quarter of fiscal 2007 the Company continued to expand its new business as a merchant bank. We are pleased with our performance since commencing operations in the first quarter, and anticipate continued growth going forward," stated the Company's CEO, Neil MacDonald. A breakdown of Q2 results follows: (all figures in Canadian dollars and Canadian GAAP)
About NovaDX NovaDX is a recently created merchant banking firm whose primary focus is on small and micro-cap natural resource issuers, a largely overlooked but important sector of the equity markets. NovaDX's business plan involves seeking out investment opportunities in companies that have quality management and projects that demonstrate an above average opportunity for new resource discovery. NovaDX works closely with management of these companies with the objective of mitigating risk and enhancing the value of its investments. NovaDX intends to pursue opportunities in North America and abroad. As a merchant bank, NovaDX seeks a return on its investments supplemented with revenue derived from providing investment banking and advisory services. ON BEHALF OF THE BOARD The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The company cautions readers that forward-looking statements, including without limitation those relating to the company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. For more information, please contact Neil MacDonald or Rick Peterson at 604-684-2883 or send us an email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it . |
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