WINNIPEG, Dec. 10, 2018 /CNW/ - Exchange Income
Corporation (TSX: EIF) (the "Corporation" or "EIC"), a diversified,
acquisition-oriented company focused on opportunities in the
aviation, aerospace and manufacturing sectors, at the request of
IIROC, wishes to confirm that it is not aware of any material
corporate development, material news or undisclosed material change
to the Corporation or its operations that would account for the
recent volatility in the stock market activity.
Mike Pyle, Chief Executive
Officer of EIC, commented: "When we reported our third quarter
results in November, we reiterated that we were on track for
meeting the guidance we had previously provided for fiscal 2018 for
both EBITDA and Adjusted Net Earnings per share to grow between 10%
and 20%. We continue to execute the same business plan and nothing
has changed with respect to that guidance."
About Exchange Income Corporation
Exchange Income Corporation is a diversified
acquisition-oriented company, focused in two sectors: aerospace
& aviation services and equipment, and manufacturing. The
Corporation uses a disciplined acquisition strategy to identify
already profitable, well-established companies that have strong
management teams, generate steady cash flow, operate in niche
markets and have opportunities for organic growth.
The Corporation currently operates two segments: Aerospace &
Aviation and Manufacturing. The Aerospace & Aviation segment
consists of the operations by Perimeter Aviation, Keewatin Air,
Calm Air International, Bearskin Lake Air Service (operating as a
division of Perimeter Aviation), Custom Helicopters, Regional One,
Provincial Aerospace and Moncton Flight
College, and an investment in Wasaya Group. The
Manufacturing segment consists of the operations of Overlanders
Manufacturing, Water Blast, Stainless Fabrication, WesTower
Communications, Ben Machine and Quest Window Systems. For more
information on the Corporation, please visit
www.ExchangeIncomeCorp.ca. Additional information relating to the
Corporation, including all public filings, is available on SEDAR
(www.sedar.com).
Caution concerning forward-looking statements
The statements contained in this news release that are
forward-looking are based on current expectations and are subject
to a number of uncertainties and risks, and actual results may
differ materially. These uncertainties and risks include, but are
not limited to, the dependence of Exchange Income Corporation on
the operations and assets currently owned by it, the degree to
which its subsidiaries are leveraged, the fact that cash
distributions are not guaranteed and will fluctuate with the
Corporation's financial performance, dilution, restrictions on
potential future growth, the risk of shareholder liability,
competitive pressures (including price competition), changes in
market activity, the cyclicality of the industries, seasonality of
the businesses, poor weather conditions, foreign currency
fluctuations, legal proceedings, commodity prices and raw material
exposure, dependence on key personnel, and environmental, health
and safety and other regulatory requirements. Except as required by
Canadian Securities Law, Exchange does not undertake to update any
forward-looking statements; such statements speak only as of the
date made. Further information about these and other risks and
uncertainties can be found in the disclosure documents filed by
Exchange Income Corporation with the securities regulatory
authorities, available at www.sedar.com.
SOURCE Exchange Income Corporation