CGrowth Capital Post Record Financial Results for 2nd Quarter 2016
August 15 2016 - 11:30AM
Access Wire
SILVERDALE, WA / ACCESSWIRE / August 15, 2016 /
CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company") is pleased
to announce today its record financial results for the Quarter
ended June 30, 2016. For the 2nd Quarter ended June 30, 2016, the
Company's consolidated net income topped $1,750,000 - marking the
Company's largest ever quarterly gain to date - and pushes total
assets to nearly $22,000,000.
Bill Wright, CEO of CGrowth Capital, Inc., simply stated, "This
is a game changer!"
With the deployment of funds received through the Company's bond
offering and the execution of numerous business initiatives, the
Company is looking ahead and excited about closing out the year on
high note. Highlights of the quarterly financial statements and
initiatives in the works include:
- Consolidated net income: $1,755,578 for the quarter ended June
30, 2016.
- Total assets: $21,976,266 as of June 30, 2016
- No additional stock issuance in over 9 months.
- Bond offering doubled to £30,000,000 Great British Pounds
("GBP").
- Rent revenues projected to substantially increase though the
end of fiscal year.
- Oil sales projected to increase and carry though winter
months.
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. The Company continues to serve as an
alternative asset management company for businesses and assets
focused on all aspects of mining, minerals, exploration, and
commercial real estate. The processing of metal ore mining, mineral
and specialty rock extraction, as well as oil and gas production,
are multi-billion dollar market opportunities which is capitalized
on through processing, sales, contracting and licensing of assets.
CGrowth Capital's services and solutions are designed to assist
land owners with monetizing undervalued assets by bringing
commodities such as gold, silver, oil and gas, and dolomite to
market. CGrowth Capital will focus on acquiring land assets, while
also providing partners and affiliates with management services,
capital, contract management and logistical services necessary for
the successful execution of operations. Through wholly owned
subsidiaries, the Company has begun to strategically leverage real
estate assets for maximum value within newly developing industries
currently underway in Washington State.
For more information and updates about CGrowth Capital
and its subsidiaries, visit their websites or Facebook
pages:
http://www.CGrowthCapital.com
http://CGrowthCapitalBond.com
https://www.facebook.com/CGrowthCapital
Investor Inquiries:
CGrowth Capital, Inc.
360-536-4500
Safe Harbor
Statements about the Company's future expectations and all other
statements in this press release other than historical facts, are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created
thereby. The above information contains information relating to the
Company that is based on the beliefs of the Company and/or its
management as well as assumptions made by and information currently
available to the Company or its management. When used in this
document, the words "anticipate," "estimate," "expect," "intend,"
"plans," "projects," and similar expressions, as they relate to the
Company or its management, are intended to identify forward-looking
statements. Such statements reflect the current view of the Company
regarding future events and are subject to certain risks,
uncertainties and assumptions, including the risks and
uncertainties noted. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
to be incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated, expected,
intended or projected. In each instance, forward-looking
information should be considered in light of the accompanying
meaningful cautionary statements herein. Factors that could cause
results to differ include, but are not limited to, successful
performance of internal plans, the impact of competitive services
and pricing and general economic risks and uncertainties. The
Company disclaims any obligation to update or revise any
forward-looking statements.
SOURCE: CGrowth Capital, Inc.
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