NEWS ARCHIVE - 2008
Sharee Ryan hired as Vice-President Investments
Toronto – November 25, 2008
“It is with the greatest of pleasure that I announce the hring of Sharee Ryan as Vice-President Investments for Edgeworth Properties Inc. effective December 1st, 2008.
Sharee has been a senior financial manager for over 18 years in her related field.
The specific goal of her department will be to gather net new assets and increase revenues for Edgeworth Properties Inc. by building new business in the institutional market place.
I know you will all join me in welcoming Sharee to the Edgeworth Family.
Yours very truly
Donald G. Hurst, Chairman, Edgeworth Ventures, Inc.”
Edgeworth Announces Executive Movements
Toronto – October 6, 2008
Edgeworth Ventures Inc. (Pink Sheets: EGWV)
announced today several executive movements as part of a reorganization of the
corporation.
David McClure, Vice President of Sales and Marketing, for Edgeworth Properties Inc., a
wholly owned subsidiary of Edgeworth Ventures Inc., has resigned to pursue other career
opportunities. Albert Luk, General Counsel and Vice-President of Operations, has also
resigned to join the executive ranks of a financial institution.
Rachel Hamilton of Davis LLP will serve as counsel to Edgeworth Ventures Inc. out of
Davis LLP's Edmonton office commencing November 2008 and will report to the Board
of Directors of Edgeworth Ventures Inc.
Frank Florkwewich has been retained by Sonex Construction Group Ltd., a wholly
owned subsidiary of Edgeworth Ventures Inc., as a project manager to assist in the
planning and development of Edgeworth's projects. Frank brings with him almost 25
years of experience in the real estate planning and development industry.
Keith Baker, C.A., has also been hired as Vice-President, Finance for Edgeworth
Properties Inc. Keith will be supported by newly promoted Corporate Controller, Roisin
Sproule.
Finally, we are pleased to announce that Robert Seidel, Q.C., has been elected as the
Chair of Edgeworth Venture Inc.'s Audit Committee along with Michael Jones, C.A. and
April Hurst. The audit committee is compromised substantially of independent directors.
“Edgeworth owns a great deal of gratitude for the efforts of David and Albert over the
years and we wish them nothing but the best,” commented Donald G. Hurst, Chief
Executive Officer and President of Edgeworth Ventures Inc.“We are excited about our
new promotions, hires and appointments which show Edgeworth's commitment to
building our human resources infrastructure to support our mission to be a world-class
real estate developer.”
Edgeworth Ventures Inc. (Pink Sheets: EGWV) is a holding company which through its
subsidiaries is engaged in the purchase, development and sale of real estate across the
Western Hemisphere, with a particular focus on the oil-rich provinces of Canada.
Caution Concerning Forward-Looking Statements: This document may contain “forward-looking statements” that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain and not within our control. Particular uncertainties that could adversely or positively affect our future results include, without limitation: changes in government on the municipal, provincial and federal level, change in zoning and by-laws, fluctuations in interest, borrowing and currency exchange rates, change in the financial markets, the state of commodity prices, the credit environment for both commercial and consumer sectors, future integration of acquired business, changes in the flow of monies cross border and future performance of the real estate, oil & gas and financial markets. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
Edgeworth Ventures Inc. retains Michael Fowler as Vice-President,
Development and Acquisitions
Toronto – June 11, 2008
Edgeworth Ventures Inc. (Pink Sheets: EGWV) is pleased to announce that it has retained Michael Fowler as Vice-President, Development and Acquisitions of Edgeworth Properties Inc., a wholly owned subsidiary of the company.
Mr. Fowler will over-see the development of the company's land acquisition strategies and be responsible for its implementation and execution. In particular, Mr. Fowler has a mandate to explore the expansion of the company's asset base to other jurisdictions in Western Canada while continuing to add to its current holdings in the Province of Alberta. Mr. Fowler will operate from both Alberta and British Columbia.
Mr. Fowler has been active in the business and real estate industries in Western Canada for over thirty years. During his business career he has founded a privately owned real estate acquisition and development organization as well as establishing a financial lobbyist firm in 1984 which continues to have a national presence. Mr. Fowler has assembled and acquired a significant amount of strategically well located land throughout Alberta and British Columbia for developments consisting of residential communities and retail shopping centres.
“As Edgeworth grows as a company, it is important to add managerial depth, experience and knowledge to the executive team. Mr. Fowler's extensive experience in real estate development will only augment our current expertise and facilitate further growth. We are happy to have him join the team,” said Donald G. Hurst, Chief Executive Officer and President of Edgeworth Ventures Inc.
Mr. Fowler's ongoing day to day immersion in the Western Canada market place allows him to continue to leverage his existing business network, identify potential acquisitions and utilize the resources of his existing internal team to evaluate opportunities, all of which will support his mandate to expand Edgeworth's asset base.
Edgeworth Ventures Inc. (Pink Sheets: EGWV) is a holding company which through its subsidiaries is engaged in the purchase, development and sale of real estate across the Western Hemisphere, with a particular focus on the oil-rich provinces of Canada.
Caution Concerning Forward-Looking Statements: This document may contain “forward-looking statements” that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain and not within our control. Particular uncertainties that could adversely or positively affect our future results include, without limitation: changes in government on the municipal, provincial and federal level, change in zoning and by-laws, fluctuations in interest, borrowing and currency exchange rates, change in the financial markets, the state of commodity prices, the credit environment for both commercial and consumer sectors, future integration of acquired business, changes in the flow of monies cross border and future performance of the real estate, oil & gas and financial markets. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
Edgeworth Ventures Inc. Acquires Lands in Lamont Alberta
Toronto – April 30, 2008
Edgeworth Ventures Inc. (Pink Sheets: EGWV) announced that, through a wholly owned subsidiary, it has acquired approximately 143 acres in the Town of Lamont, Alberta. The lands reside south of Highway 637 and west of 48th Street.
Located 60 kilometres (or 37 miles) east of Edmonton, the Town of Lamont resides south-east of the Alberta Industrial Heartland, the centre of the oil and gas refinery industry for the Province of Alberta. It is the company's intention to make immediate application for re-zoning of the lands for residential and commercial development. The community to be built would be known as Creekside Estates to reflect the creek which winds through the lands.
“The opportunities presented by our acquisition in Lamont are quite exciting.”comments Donald G. Hurst, Chief Executive Officer and President of Edgeworth Ventures Inc.“As a community benefiting from the expansion of the industrial heartland, the Town of Lamont is situated as a major growth centre and we look forward to working with the Town and Province to create a viable and vibrant community.”
Edgeworth Ventures Inc. (Pink Sheets: EGWV) is a holding company which, through its subsidiaries, is engaged in the purchase, development and sale of real estate across the Western Hemisphere, with a particular focus on the oil-rich provinces of Canada.
Caution Concerning Forward-Looking Statements: This document may contain “forward-looking statements” that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain and not within our control. Particular uncertainties that could adversely or positively affect our future results include, without limitation: changes in government on the municipal, provincial and federal level, change in zoning and by-laws, fluctuations in interest, borrowing and currency exchange rates, change in the financial markets, the state of commodity prices, the credit environment for both commercial and consumer sectors, future integration of acquired business, changes in the flow of monies cross border and future performance of the real estate, oil & gas and financial markets. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
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Edgeworth Ventures Inc. reports on results of strategic
alternatives for enhancing shareholder value review
Toronto – April 3, 2008
Further to Edgeworth Ventures Inc.'s (the Company's announcement in November 2007 that it would undertake to review strategic alternatives to enhance shareholder value, the review has concluded that the Company implement and execute a multi-tiered approach to enhancing shareholder value.
The culmination of such an approach shall be the recommended listing of the Company onto the Alternative Investment Market (AIM), a sub-market of the London Stock Exchange, on or about May 2009 along with a simultaneous equity issue, subject to shareholder approval, market conditions and no material adverse change in the Company. The review concluded that an attempt to undertake one step individually, absent a contextual framework and given current market conditions, would undermine the goal to enhance shareholder value.
The review has recommended the following steps be taken:
- To enhance tax savings and minimize cross-border regulatory compliance costs, the Company should re-domicile from the State of Nevada to the Province of Alberta; such re-domicile to be approved by the shareholders;
- To increase accountability and to pursue the highest corporate governance standards, the Board of Directors should be expanded to include non-officers and members of the business community at large. In particular, the review recommended that additional members to the Board of Directors provide skill-set depth and knowledge necessary to undertake a successful offering on the AIM; such election of new members of the Board of Directors to be approved by the shareholders;
- To further capitalize on the current international commodities boom, the Company should explore opportunities in the resource rich provinces of Western Canada, both within and outside the Company's current operations in Alberta, for both residential and industrial developments;
- To expand on current international sales growth, the Company should explore further green-field operations in the Asian market;
- To mitigate against the risks arising from the current credit environment, the Company should pursue international financing and joint venture opportunities as a means to access unimpaired capital until an equity raise is undertaken and/or North American credit markets freely lend capital;
- To augment liquidity and to raise funds through an equity raise, the Company should move stock exchanges to the AIM on or about May 2009 and to issue additional shares out of treasury via a public offering. The review found that an attempt to raise equity in current market conditions would be counter to the primary goal of enhancing shareholder value.
The review was conducted by the Board of Directors of the Company with input from domestic and international financial institutions and professional advisors including Davis LLP and Grant Thornton UK LLP.
The Board of Directors of the Company, with appropriate shareholder approval, shall act upon the review findings with a strategic goal to implement each finding sequentially with a timetable to be disclosed with reasonable notice.
Patrick Oliver-Kelley, the Company's Executive Vice-President, comments as follows:
“The review undertaken was global in nature and involved the input of a great many parties not only in North America but in parts of Europe and Asia. We thank these individuals for their valuable input. Our findings confirm the pre-eminence of the AIM of the London Stock Exchange as the appropriate venue for Edgeworth's aggressive stance in broadening and enhancing its financial prescience internationally. This move, along with other planned initiatives as strategic stepping stones toward such an endeavour, will solidify Edgeworth's future for its shareholders.”
Edgeworth Ventures Inc. (Pink Sheets: EGWV) is a holding company which, through its subsidiaries, is engaged in the purchase, development and sale of real estate across the Western Hemisphere, with a particular focus on the oil-rich provinces of Canada.
Caution Concerning Forward-Looking Statements: This document may contain “forward-looking statements”— that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain and not within our control. Particular uncertainties that could adversely or positively affect our future results include, without limitation: changes in government on the municipal, provincial and federal level, change in zoning and by-laws, fluctuations in interest, borrowing and currency exchange rates, change in the financial markets, the state of commodity prices, the credit environment for both commercial and consumer sectors, future integration of acquired business, changes in the flow of monies cross border and future performance of the real estate, oil & gas and financial markets. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
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Pink Sheets News Service
Toronto – March 25, 2008
Edgeworth Ventures Inc. (the "Corporation") has been advised that several financial institutions have represented to shareholders domiciled in Europe and Asia that the Corporation is engaged in various transactions that are factually incorrect. Any material changes in the Corporation will be disclosed on our website (www.edgeworthproperties.com) and on the Pink Sheets exchange.
The Corporation understands that these representations have been made to attempt to induce shareholders to sell their shares after the payment of various transaction and/or administrative fees are received prior to the proposed sale of shares. We understand that the transaction and/or administrative fees can be in large dominations. We further understand that after receipt of such fees, a sale is not concluded and the proposed purchasers cannot be traced.
The Corporation is unaffiliated with these institutions in any manner whatsoever. The Corporation does NOT endorse any of these transactions and advises its shareholders in Europe and Asia to be on alert for any variations of this transaction.
The Corporation is undertaking an investigation into this matter and has reported attempts of these purported transactions to authorities. The Corporation has not, at any time, released shareholder information other than to regulatory authorities upon request and with proper authorization.
If any shareholder domiciled in Europe and Asia have been approached by any individuals representing any variation of the above, please contact investorrelations@edgeworthproperties.com.
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Edgeworth Place at Spruce Grove Drive Condominium Commences Pre-Sales
Toronto – March 17, 2008
Edgeworth Ventures Inc. (Pink Sheets: EGWV) is pleased to announce that pre-sales have begun at Edgeworth Place at Spruce Grove Drive, a high-end condominium project located in Spruce Grove, Alberta.
Upon completion, the condominium will contain 131 units consisting of 1 bedroom, 1 bedroom and a den and 2 bedroom units. A limited number of pre-sale units will be sold through the company's offices in Calgary and Edmonton.
For more details, please call the Calgary office at 403-237-0205 or
the Edmonton office at 780-990-1777.
Edgeworth Ventures Inc. (Pink Sheets: EGWV) is a holding company which, through its subsidiaries, is engaged in the purchase, development and sale of real estate across the Western Hemisphere, with a particular focus on the oil-rich provinces of Canada.
Caution Concerning Forward-Looking Statements: This document may contain “forward-looking statements”— that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain and not within our control. Particular uncertainties that could adversely or positively affect our future results include, without limitation: changes in government on the municipal, provincial and federal level, change in zoning and by-laws, fluctuations in interest, borrowing and currency exchange rates, change in the financial markets, the state of commodity prices, the credit environment for both commercial and consumer sectors, future integration of acquired business, changes in the flow of monies cross border and future performance of the real estate, oil & gas and financial markets. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
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LEGAL DISCLAIMER:
These press releases contain statements which may be deemed to be forward-looking statements under certain securities laws, including the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities legislation, and Edgeworth Ventures Inc., and its affiliates and subsidiaries intend that such forward-looking statements be subject to the safe-harbour created thereby. The words “may,” “could,” “should,” “would,” “suspect,” “outlook,” “believe,” “plan,” “anticipate,” “estimate,” “expect,” “intend,” “forecast,” “objective” and words and expressions of similar import are intended to identify forward-looking statements.
By their very nature, forward-looking statements involve numerous assumptions, and inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause our actual results to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to the possibility that any and all projections as to financial return of products or securities are not met due to market forces and/or regulatory changes. The company undertakes no obligation to publicly update or revise any forward looking statement or information, whether as a result of new information, future events or otherwise.
