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:
CGrowth Capital, Inc.
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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