DGAP-News: Indenture Investments ended year 2008 with a profit


Indenture Investments Ltd. / Final Results

23.03.2010 14:32 

Dissemination of a Corporate News, transmitted by
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Indenture releases figures for the business year 2008 and can shows a net
profit from its operations.

Toronto, Canada - Frankfurt, Germany; March, 23rd, 2010

Indenture Investments Limited ('Indenture'), a holding company
located in Toronto, Canada and traded on the Frankfurt Stock Exchange
presents consolidated figures for the year 2008. The company was able to
generate a slight profit of EUR 103,699 (2007: EUR 292,483) from its
operations. Earnings after taxes amount to EUR 17,926 (2007: EUR 38,276).

The revenues of Indenture for 2008 were at EUR 5,736,672 compared to EUR
9,856,358 in 2007. This substantial reduction of revenues is the
consequence of accounting problems between the subsidiaries AE American
Enterprises, Inc. and S.B.N. SPA Limited. These problems have now been
resolved and in future revenues of SBN and AE Inc. will be shown in the
consolidated balance figures commencing with for the year 2010. Total
assets of Indenture rose from EUR 14,756,511 to EUR 16,353,931 in 2008. The
figures of Indenture above-mentioned are based mainly on the audited
figures of the Indenture holding S.B.N. SPA Limited.

With effective from the October 28th, 2008 Indenture had acquired all the
capital of the US company AE American Enterprises, Inc. (AE Inc.), Florida.
The purchase was accomplished by the issue of 279 Million new shares of
common stock of Indenture. AE Inc. owns 96% of S.B.N. SPA Limited which
moved its registered offices from Rome, Italy, to Malta in September 2009.
Prior to the takeover of SBN, Indenture had not transacted its own
operational business. The comparison figures of Indenture for 2007
represent the non-consolidated numbers of SBN.

The downturn of revenues in 2008 is attributable to technical reasons due
to Indenture previously regarding the transfer of stock with respect to the
takeover of AE Inc. resulting in the situation that for the year 2008 the
revenues of AE Inc. could not be consolidated. Apart from this change
overall revenues for Indenture would have been approx. EUR 9 Million. The
consequences of this default will also affect the balance for the year
2009. For the current year and the future these formal obstacles are
eliminated. In addition further activities of Indenture and its holdings
will be able to be consolidated including the smokeless cigarette (James
Denverson), music, entertainment and the new corporate finance division.

Wayne V. Reid, President and CEO of Indenture is convinced that the
Indenture Group is moving in the right direction. 'Over the past weeks we
have worked intensively on the restructuring of the company and personnel.
We want to create transparency and to actively move on with the operative
business divisions of Indenture.'
 

Indenture Investments Limited:

Indenture Investments Limited, a Canadian holding company traded on the
Frankfurt Stock Exchange under the symbol '3IV', is an incubator company.
The objective of the company is to acquire innovative and sustainable
business ideas, projects or companies and support their development. The
support by Indenture will include marketing, funding, project and corporate
structuring. Once developed, Indenture will also seek to provide an exit by
a sale to an interested third party or independently listing it on an
appropriate stock exchange.

Currently the Indenture Group consists of four operating divisions that can
reciprocally support each other's aims thereby creating significant synergy
benefits in the process.

 1. The Smokefree Cigarette Division (international production, marketing,
    merchandising and sale under the brand name James Denverson)

 2. The Entertainment Division (artist management, music, media &
    television, promotion)

 3. The Internet Radio Division of AE American Enterprises Inc. (AE) and
    S.B.N. SPA Limited (SBN)

 4. The Indenture Corporate Finance Division (project and corporate
    financing)


Forward-Looking Statements:

Any statements contained in this document that are not historical facts are
forward-looking statements as defined in the U.S. Private Securities
Litigation Reform Act of 1995. Words such as 'anticipate,' 'believe,'
'estimate,' 'expect,' 'forecast,' 'intend,' 'may,' 'plan,' 'project,'
'predict,' 'should' and 'will' and similar expressions as they relate to
Indenture Investments Limited are intended to identify such forward-looking
statements. Indenture Investments Limited undertakes no obligation to
publicly update or revise any forward-looking statements. All
forward-looking statements are subject to various risks and uncertainties
that could cause actual results to differ materially from expectations.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of their dates. Although we believe that
the beliefs, plans, expectations and intentions contained in such
statements are reasonable, there can be no assurance that such beliefs,
plans, expectations or intentions will prove to be accurate. This or any
other statements from the company or its representatives do constitute an
offer or a solicitation of an offer for the purchase or sale of any shares
or other securities of Indenture Investments Limited. There are substantial
risks associated with investing in development stage companies. Potential
investors should seek advice from a qualified financial dealer prior to
investing in Indenture Investments Limited.



Guido Abraham
investorrelations@indenture-group.com

www.indenture-group.com




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