CALGARY, Feb. 28 /CNW/ - Aston Hill Financial Inc. (the "Company" or
"Aston Hill") (TSXV: AHF) announced today that its Assets Under
Management and Advisory ("AUM") continued to grow during the fourth
quarter, climbing from $2.55 billion at September 30, 2010 to $2.86
billion at December 31, 2010 and, as of February 15, 2011, surpassed
$3.0 billion. Management estimates that revenues from management and
advisory fees and other income will approximate $9.4 million for the
twelve month period ended 2010. These amounts are preliminary and are
subject to year-end external audit.
Aston Hill Financial Inc. is an asset management company with expertise
in income generating products, energy investments and oil and gas
property management. Aston Hill has offices in Calgary and Toronto and
is listed on the TSX Venture Exchange under the symbol "AHF".
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
Forward-Looking Statements: This news release contains certain "forward-looking statements" within
the meaning of such statements under applicable securities law.
Forward-looking statements are frequently characterized by words such
as "plan", "continue", "expect", "project", "intend", "believe",
"anticipate", "estimate", "may", "will", "potential", "proposed" and
other similar words, or statements that certain events or conditions
"may" or "will" occur. These statements are only predictions. Various
assumptions were used in drawing the conclusions or making the
projections contained in the forward-looking statements throughout this
news release. Forward-looking statements are based on the opinions and
estimates of management at the date the statements are made, and are
subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those
projected in the forward-looking statements.
For a detailed description of the risks and uncertainties facing Aston
Hill and its business and affairs, readers should refer to Aston Hill's
interim and annual financial statements and management discussion and
analysis which are available at www.sedar.com. Aston Hill undertakes no obligation to update forward-looking
statements if circumstances or management's estimates or opinions
should change, unless required by law. The reader is cautioned not to
place undue reliance on forward-looking statements.
SOURCE Aston Hill Financial Inc.
For further information:
|Eric Tremblay |
Chief Executive Officer
Aston Hill Financial Inc.
| || || || || || || || || || ||Larry Titley|
Vice President and CFO
Aston Hill Financial Inc.