Indenture Investments Ltd. / Final Results 23.03.2010 14:32 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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 23.03.2010 14:32 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|] ---------------------------------------------------------------------------
DGAP-News: Indenture Investments ended year 2008 with a profit
| Source: EQS Group AG