News Releases
| May 14, 2010 Resinco Capital Partners earns $587,000 after-tax profit in Q1 2010 | |
| Vancouver, British Columbia CANADA - Resinco(tm) Capital Partners Inc., ("Resinco" or the "Company") announces its financial results for the three months ended March 31, 2010. The Company earned net income of $587,000 ($0.005 per share (basic)), versus a net income of $470,000 ($0.004 per share (basic)) for the same period in 2009. At period end, the Company held investments with a fair value of $17.25 million ($0.14 per share), compared to $10.9 million ($0.10 per share) at March 31, 2009. Resinco realized a gain of $219,000 on the sale of marketable securities during the quarter and recorded an unrealized investment gain of $758,000, compared to a realized loss of $766,000 and an unrealized gain of $1.1 million for the same period in 2009. "We are generally satisfied with the portfolio's progress during the first quarter of this year," stated John Icke, President and CEO of Resinco. "While portfolio company news has not all been positive, significant progress has been made with several key investments. We anticipate further progress for the remainder of 2010 and beyond. In addition we are working on some interesting new initiatives and the expansion of our Technical Advisory Board is proving to be a prudent investment as they are actively involved in deal selection." About Resinco(tm) Capital Partners Inc. Resinco (Resource Investment Company) is a global investment company which specializes in providing early stage financing to private and public exploration and mining companies in the hard rock minerals, precious metals, rare-earth minerals, oil, gas, water and renewable energy markets. For more information on Resinco, please visit www.resincocp.com. On behalf of the Board of Directors RESINCO(tm) CAPITAL PARTNERS INC.: John Icke President and CEO For more information, please contact Resinco Mike Rodger Investor Relations 604-696-6515 info@resincocp.com www.resincocp.com Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements. The TSX Exchange does not accept responsibility for the adequacy or accuracy of this release. | |
