TORONTO, Aug. 29 /CNW/ - Gamecorp Ltd. (CNQ: GAME, OTCBB: GAIMF)
("Gamecorp" or the "Company") announced that it has filed its unaudited
consolidated financial statements for the period ended June 30, 2008 with
Management Discussion and Analysis on SEDAR and CNQ.
Gamecorp reported revenues of $94,000 in the fiscal third quarter ended
June 30, 2008 versus nil revenues in the prior year. Net loss was $245,000
($0.058 per share) in the quarter compared to a loss of $3,832,000 ($0.93 per
share) in the previous year.
Revenues for the nine-month period ended June 30, 2008 were $245,000
versus nil revenues in the previous year. Year-to-date net earnings were
$3,431,000 ($0.81 EPS) versus a loss of $2,998,000 ($0.76 per share) in the
prior year period.
John G. Simmonds, Gamecorp's CEO commented, "These quarterly results
largely represent operating and administrative costs associated with the
ongoing development of the gaming initiatives we have been focusing on this
year. Gamecorp's objective is to realize significant gains from these projects
over the long term as well as additional returns from other investments the
company has made over the shorter term."
Gamecorp Ltd., headquartered in Toronto, Ontario, is a public company
that trades under the symbol GAME on the Canadian Trading and Quotation System
Inc. and under the symbol GAIMF on the Over the Counter Bulletin Board. For
more information please call (416) 477-5656 or refer to www.sedar.com.
The management of the company, who take full responsibility for its
content, prepared this press release. The Canadian Trading and Quotation
System Inc. has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release. This press release contains
forward-looking statements relating to future events and results that are
based on Gamecorp's current expectations. These statements involve risks and
uncertainties including, without limitation, Gamecorp's ability to
successfully develop and market its products, consumer acceptance of such
products, competitive pressures relating to price reductions, new product
introductions by third parties, technological innovations, and overall market
conditions. Consequently, actual events and results in future periods may
differ materially from those currently expected.
For further information:
For further information: John G. Simmonds, Gamecorp Ltd., Telephone:
(416) 477-5656, Ext. 301