Intercap eCommerce Inc. INTERCAP Announces 2005 Second Quarter Results - Revenue Increased by $125,235 CDN Compared to the Same Period of 2004
Earnings of 1.4 cents for 6 months and trades at 10 cents.
Trades at book value with no debt.
IMMEDIATE PRESS RELEASE
Edmonton, AB August 24, 2005
FSC / Press Release
INTERCAP Announces 2005 Second Quarter Results - Revenue Increased by $125,235 CDN Compared
to the Same Period of 2004
Edmonton, Alberta CANADA, August 24, 2005 /FSC/ - Intercap eCommerce Inc. (IEG - TSX
Venture), (http://www.intercapecommerce.com) is pleased to announce the results from
operations for the second quarter of 2005. Total revenue increased by $125,235 CDN, or 9.52%
over the same period of last year. The increase is mainly due to the higher sales revenue in
Shanghai Al Windows Co., Ltd., INTERCAP's 70% owned subsidiary. Furthermore, in the second
quarter of 2005 Intercap generated a positive net income of $68,217 CDN.
The construction industry in Shanghai had a very strong market in the second quarter of 2005.
As of June 30, 2005, Intercap generated an accumulated net income of $141,546 CDN for the
first two quarters of the year. Compared to $79,600 CDN in the same period of 2004, this is a
77.82% increase. While in the first six months of 2004 the total revenue was $2,609,396 CDN,
the revenue had already reached $3,097,678 CDN as of June 30, 2005, which is an increase of
18.71%.
About INTERCAP eCommerce Inc.
INTERCAP is a Canadian public company that is listed on TSX-Venture Exchange under the symbol
IEG. INTERCAP owns 70% of Shanghai Al Windows Co., Ltd which is involved in manufacturing
windows.
About Shanghai AL Windows Co., Ltd (SAWCO)
SAWCO is a majority owned subsidiary of INTERCAP. INTERCAP owns seventy percent (70%) of the
company. The registered capital of SAWCO has increased to $878,400 CDN. Compared to its
original capital of $244,000 CDN, this is a 260% increase. In 2004, SAWCO generated
$6,055,940 CDN in revenue.
This release may contain forward-looking statements with risks and uncertainties that may
cause the actual results to differ materially from those intended or anticipated by the
Company. The TSX Venture has not reviewed and does not accept responsibility for the adequacy
or accuracy of this release.
For more information, please contact:
INTERCAP eCommerce Inc.
Huifen Zhang
Telephone: (780)425-6157
Facsimile: (780)424-0399
E-mail: info@intercapecommerce.com |
