REGINA, Jan. 17, 2014 /CNW/ - Input Capital Corp. ("Input") (TSX Venture Exchange: INP) announced today that it will release its fiscal 2014 third quarter results on Thursday, February 6, 2014, after market close.
Webcast and Conference Call Details
A conference call will be held on Friday, February 7, 2014 starting at 8:30 am Saskatchewan time (9:30 am Eastern time) to further discuss the third quarter results. To participate in the conference call use the following dial-in number:
Participant Dial in #:
1 (647) 427-7450 (Local Toronto)
1 (888) 231-8191 (North America Toll Free)
It is recommended that participants dial in five minutes prior to the commencement of the conference call. Soon after the completion of the call, the webcast will be available for download on the Input Capital website.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Input is an agriculture commodity streaming company with a focus on canola, the largest and most profitable crop in Canadian agriculture. Input enters into multi-year canola streaming contracts with canola farmers in western Canada. Pursuant to the streaming contract, Input purchases a fixed portion of the canola produced, at a fixed price, for the duration of the term of the multi-year contract. Input is a non-operating farming company with a portfolio of ten canola streams, all of which produce canola and revenue for Input in the year the agreement is signed. Input plans to grow and diversify its low cost canola production profile through entering into additional multi-year canola streaming contracts with farmers across western Canada.
Input is focused on farmers with quality production profiles, excellent upside yield potential, and strong management. Input has completed canola streaming contracts in Northern Alberta, Western Saskatchewan and throughout East Central Saskatchewan.
Not many people know much about canola, but the Canadian canola industry is larger than the more well-known Canadian potash industry.
- Canola is the largest and most profitable crop in Canadian agriculture, generating more than 25% of all farm receipts.
- Canadian-grown canola contributes $19.3 billion to the Canadian economy each year, including more than 249,000 Canadian jobs and $8.2 billion in wages.
- In 2012, canola was ranked as the 7th most important Canadian export by value, compared to potash in 10th position.
- In 2012, canola was Canada's top export to China, representing a full 16% of all Canadian exports to China.
- Canada is the dominant canola exporter in the world, with a 72% global export market share in 2011/12.
Forward Looking Statements
This release includes forward-looking statements regarding Input and its business. Such statements are based on the current expectations and views of future events of Input's management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting Input, including risks regarding the agricultural industry, economic factors and the equity markets generally and many other factors beyond the control of Input. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Input undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
SOURCE: Input Capital Corp.
For further information:
President & CEO
Executive Vice-President & CFO