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NEWS
Download 2007 Consolidated Financial Report (476 kb)
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.
You 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 AcquisitionsToronto – 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.
back to topEdgeworth 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”) 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.
back to topPink 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.
back to topEdgeworth 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.
back to topEdgeworth Ventures Inc. Acquires 144 Acres of Property in Athabasca, Alberta
Toronto – November 30, 2007
Edgeworth Ventures Inc. (Pink Sheets: EGWV) announced today that, through a wholly owned subsidiary, it has acquired approximately 144 acres in Athabasca, Alberta.
Known as the “Gateway to the Great New North,” Athabasca is located approximately halfway between Edmonton, Alberta, the provincial capital of the oil-rich province, and Fort McMurray, Alberta, the epicenter of the oil-sands industry. Athabasca itself is a centre for employment in oil and gas exploration and services, forestry and supporting services, agricultural, food, hardware, and retail services. The acquired parcel of land fronts Highway 55 and is suitable for urban development.
“The acquisition of the Athabasca lands is another step in our strategy to acquire lands in appreciating regions of the Province of Alberta. Athabasca is an urban center which is growing from its own oil and gas industry as well as benefiting from the growth of the oil sands in Fort McMurray to the north and the refinery industry of Edmonton to the south. As such, we look forward to developing this land and contributing to the Athabasca community.” comments Donald G. Hurst, Chief Executive Officer and President of Edgeworth Ventures Inc.
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.
back to topEdgeworth Ventures Inc. Reviewing Strategic Alternatives
for Enhancing Shareholder ValueToronto – November 13, 2007
Edgeworth Ventures Inc. (Pink Sheets: EGWV) announced today it has commenced a review of strategic alternatives available to the Company to enhance shareholder value including, but not limited to, a move of the Company to another stock exchange, a public offering of additional common shares or an offering of convertible debt instruments. The Company has retained Grant Thornton UK LLP as part of this strategic review.
There can be no assurances that the review will result in any specific strategic or financial transactions being completed and no timetable has been set for the completion of the review.
Patrick Oliver-Kelley, Director and Executive Vice-President of the Company, is leading this initiative on behalf of the Company. Mr. Oliver-Kelley comments: “We are exploring a number of initiatives globally and investigating a number of international investment arenas with the primary goal of enhancing shareholder value. The internationalization of capital offers a multitude of opportunities for Edgeworth and we want to be assured that we have given each its proper evaluation.”
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.
back to topEdgeworth Ventures Inc. acquires Sonex Construction Ltd.
Toronto – October 31, 2007
Edgeworth Ventures Inc. is pleased to announce that it has acquired Sonex Construction Ltd. Sonex Construction Ltd. is an Edmonton-based general contractor, incorporated in 1989 with annual sales of approximately $25 million. Sonex specializes in oil and gas projects, civil construction and commercial construction. In addition, Sonex also has specialities in pipeline installation and repairs, pipe fabrication and facilities installations which it primarily conducts during the construction off-season.
Mr. Brian J. Meaney, current President of Sonex Construction Ltd., will continue to be President of this newly formed division of Edgeworth Ventures Inc. Sonex Construction Ltd. will retain its name. The consideration for the acquisition was partially cash and partially stock.
“One of the key factors in executing our strategy to acquire and develop land in appreciating regions of Alberta is cost control,” said Donald G. Hurst, Chairman and President of Edgeworth Ventures Inc., “the acquisition and integration of Sonex Construction Ltd. will help with cost containment- which is difficult to achieve in a rapidly growing economy such as Alberta’s- and allow us to deliver greater profitability to the corporation and its shareholders.”
Brian J. Meaney comments: “I am pleased to join the Edgeworth family and be a part of a dynamic and growing company. I look forward to bringing to market high-quality projects.”
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.
Sonex Construction Ltd. is an Edmonton, Alberta based general contractor incorporated in 1989. Sonex specializes in oil and gas projects, civil construction and commercial construction.
back to topEdgeworth Ventures Inc. Releases Q3 2007 Financial Results.
Toronto – October 31, 2007
Edgeworth Ventures Inc. (Pink Sheets: EGWV) announced its financial results for the third quarter of 2007.
Edgeworth acquires property in Parkland County
Toronto – October 11, 2007
Edgeworth Ventures Inc. (Pink Sheets: EGWV) is pleased to announce that it has acquired property legally described as Meridian 5, Range 2, Township 51, Section 27, the West Half of the South West Quarter in Parkland County, Alberta. Parkland County is approximately 20 minutes west of Edmonton, the provincial capital of the Province of Alberta.
back to topEdgeworth Ventures Inc. Releases Q2 2007 Financial Results
Toronto – July 5, 2007
Edgeworth Ventures Inc. (Pink Sheets: EGWV) announced its financial results for the second quarter of 2007.
The company today announced that in the second quarter 2007, it earned $2,322,355 in profit for total before income tax profit for fiscal 2007 of $4,342,203 to date
(All figures are Canadian and unaudited)
“I am please to report that we continue to meet our financial projections for fiscal 2007 in the second quarter,” reported C. Vaughan Minor, FCA, Chief Financial Officer of Edgeworth Ventures Inc.,“the results reflect our commitment to the proper execution of our business goals”.
Note: This press release contains statements which may be deemed to be forward-looking statements under certain securities laws, including the “safe harbor” 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-harbor 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.
back to topEdgeworth Ventures Inc. Releases 2006 and Q1 2007 Financial Reports
Toronto – July 5, 2007
Edgeworth Ventures Inc. (Pink Sheets: EGWV) announced its financial results for the 2006 fiscal year and the first quarter of 2007.
Commenting on the 2006 result, C. Vaughan Minor, FCA, Chief Financial Officer of Edgeworth Ventures Inc. said, “We are pleased that our ‘investment’ in growing the company was accomplished with a minimum of capital and operating cost expenditure. For fiscal year 2006, we lost approximately $1.5 million on a consolidated basis for capital expenditures including the purchase of two properties in Redwater, Alberta, one property in Fort McMurray and one property in Camrose, Alberta.”
(All figures Canadian)
“I am pleased to report that in the first quarter of 2007, we not only recovered our losses from 2006 but our earnings before income taxes on a combined basis was $2,020,647” continued Minor. “We look forward to increasing our earnings for the remainder of 2007”.
Note: This press release contains statements which may be deemed to be forward-looking statements under certain securities laws, including the “safe harbor” 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-harbor 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.
back to topCamrose Regional Sport Development Centre Renamed the Edgeworth Centre
Toronto – June 25, 2007
The City of Camrose, Alberta and Edgeworth Properties Inc., a wholly owned subsidiary of Edgeworth Ventures Inc., announced in a ceremony on June 23, 2007 that the Camrose Regional Sport Development Centre will be renamed the Edgeworth Centre.
“Edgeworth Properties is committed to the development of the City of Camrose and its community,” said C. Vaughan Minor, FCA, president of Edgeworth Properties Inc.“The Edgeworth Centre is part of our larger vision to be an active partner in the City, the larger region and the Province of Alberta.”
Mayor Clarence Mastel of the City of Camrose commented: “The City of Camrose and its community is pleased and proud to welcome Edgeworth's association with the state of the art health and leisure facility. The Edgeworth Centre is symbolic of the partnership between the City and Edgeworth. We look forward to working with Edgeworth on both the sports development centre and future developments. Edgeworth is a partner who is committed to being a part of our community and we welcome them to our City.”
The Edgeworth Centre is a multi-use major spectator events arena having a NHL-sized ice surface and bowl seating configuration and a 'sky seating' area to accommodate a total of 2500+ spectators for major sport competitions and concerts. The Edgeworth Centre also has a new 300 seat User Arena, to accommodate community sports programming as well as a community fitness centre, physiotherapy centre and physiology lab, a child play area and links to the Max McLean Arena, Rose City Curling Club and the Aquatic Centre.
back to topEdgeworth Ventures Inc. Acquires Further Properties
Toronto – February 26, 2007
Edgeworth Ventures Inc. (Pink Sheets: EGWV), is pleased to announce the latest edition to their stable of real estate holdings.
A wholly owned subsidiary of Edgeworth Ventures Inc. has acquired approximately 152 acres in City of Camrose, Alberta. Camrose is a municipality south-east of Edmonton, Alberta. Subject to the closing of the transaction and regulatory compliance, it is Edgeworth Ventures Inc.’s current intention to develop the Camrose property into residential properties.
“The Camrose acquisition continues our commitment to finding and developing properties in high-growth areas. The proposed development will coincide with the construction of a multi-million dollar sports development centre in Camrose as well as the development of a hotel and casino.
These projects show that the City of Camrose is growing and, with this acquisition, Edgeworth Ventures Inc. continues its goal to locate real estate in the right location at the right time,”
- comments Donald G. Hurst, Chairman of the Board and President of Edgeworth Ventures Inc.
back to topAdvisory to Potential European and Asian Investors
Toronto – January 30, 2007
Edgeworth Ventures Inc. (the “Corporation”) has been advised that several financial institutions have represented to investors in Europe and Asia that the Corporation is affiliated with such institutions or that the Corporation’s senior executives endorse such institutions.
The Corporation, and its directors and officers have NO affiliation with any financial institutions in Europe, do not endorse any financial institution and have no knowledge of any of the representations being given by these institutions.
Any persons domiciled in Europe and Asia interested in purchasing shares of the Corporation should seek independent advice from qualified financial advisors. The Corporation cannot verify as to the truthfulness or accuracy of any statement made by the afore-mentioned financial institutions.
back to topEdgeworth Ventures Inc. Opens Three New Offices in Asia
Toronto – October 31, 2006
Edgeworth Ventures Inc. (Pink Sheets: EGWV), is pleased to announce the opening of three offices in Asia to facilitate the company’s commitment to the Asian market.
The offices are located in Kuala Lumpur, the Republic of Singapore and a representative office located in Cebu City in the Republic of the Philippines.
Contact information for each of the offices can be found here.
Vincent Lee, Vice President of International Marketing for Edgeworth Properties Inc. (a wholly owned subsidiary of Edgeworth Ventures Inc.) comments -
"I am very pleased and excited about the recent opening of our new offices in the Asia-Pacific region. We have managed to recruit some very talented and experienced business professionals to the Edgeworth Properties' International Team. All our representatives in these offices are committed to our company's vision and business growth path. As well, they are enthusiastic in the solid real estate-based investment products being offered by the company to the investors in these countries."
back to topEdgeworth Properties Inc. Closes Redwater, Alberta and Fort McMurray,
Alberta PropertiesToronto – October 31, 2006
As previously reported, all the conditions found in the Agreements of Purchase and Sale for the 160 acre property in Redwater, Alberta (now known as the Derrick View Estates) and the lots in downtown Fort McMurray, Alberta have been met and title has passed to subsidiaries of Edgeworth Ventures Inc.
The application process has begun with the City of Fort McMurray to zone the three lots into a residential condominium development.
back to topEdgeworth Properties Inc. Acquires Property in Redwater Alberta
Toronto – November 23, 2006
All the conditions found in the Agreements of Purchase and Sale for the 47 acre property in Redwater, Alberta (now known as Heartland Ridge) have been met and title has passed to subsidiaries of Edgeworth Ventures Inc.
back to topEdgeworth Ventures Inc. Obtains Financing
Toronto – October 4, 2006
Edgeworth Ventures Inc. (Pink Sheets: EGWV), is pleased to announce that Edgeworth Properties Inc., a wholly owned subsidiary of Edgeworth Ventures Inc., has secured a loan facility from a syndicate Canadian based lenders. The facility has been advanced to Edgeworth Properties Inc. and will be used primarily to assist in acquisitions of property in the Province of Alberta.
“We are excited to secure a loan with local lenders. The proceeds of the loan will be used to execute our continuing strategy to acquire strategic real estate assets in appreciating markets.” - said C. Vaughan Minor FCA, President of Edgeworth Properties Inc. and Chief Financial Officer of Edgeworth Ventures Inc.
back to topEdgeworth Ventures Inc. Appoints Patrick Oliver-Kelley as Executive Vice-President
Toronto – July 17, 2006
Edgeworth Ventures Inc. (Pink Sheets: EGWV), is pleased to announce the appointment of Patrick Oliver-Kelley as Executive Vice-President in addition to his current duties as Director of the company.
Mr. Oliver-Kelley will continue as an advisor of the company as well as assuming greater day-to-day responsibilities over the strategic direction and execution of the company. In particular, Mr. Oliver-Kelley will act as a chief liaison between the company’s Asian and North American operations to help foster continuing relationships between the two markets.
“Patrick has preformed above and beyond in his capacity as a director and we are extremely pleased that he will continue to provide his clarity of vision, passion and commitment to the company as Executive Vice-President.” - comments Donald G. Hurst, chairman of the Board of Edgeworth Ventures Inc.
Mr. Oliver Kelley remarks: “Edgeworth represents a rare opportunity as a real estate investor, a real estate developer and as a publicly quoted company. I look forward to sharing my efforts to the benefit of Edgeworth Properties, Edgeworth employees and Edgeworth fellow shareholders.”
back to topEdgeworth Ventures Inc. Acquires 47 Acres of Land in the Town of Redwater
AlbertaToronto – July 14, 2006
Edgeworth Properties Inc., a wholly owned subsidiary of Edgeworth Ventures Inc. (Pink Sheets: EGWV), is pleased to announce the acquisition of approximately 47 acres of land within the Town of Redwater, Alberta, approximately 45 minutes north-east of the City of Edmonton. Subject to the approval of all the conditions in the Agreement of Purchase and Sale and regulatory compliance, Edgeworth Properties Inc. intends to subdivide and service the land into over 200 residential lots for sale and/or development.
“We are excited to announce this latest acquisition which launches our ‘lot program.’ We believe that the Town of Redwater is a strategic growth centre in oil-rich Alberta and Edgeworth is uniquely positioned to be a part of, and assist in, the expansion of this region” said Donald G. Hurst, Chairman of the Board and President of Edgeworth Ventures Inc. “Along with the other strategic acquisitions we have recently made, the company has a stable of quality real estate assets at the right time and at the right place.”
back to topAcquisition of a further 160 acres of land adjacent to the Town of Redwater
AlbertaToronto - June 30, 2006
Edgeworth Properties Inc., a wholly owned subsidiary of Edgeworth Ventures Inc. (Pink Sheets: EGWV), is pleased to announce the acquisition of approximately 160 acres of land adjacent to the Town of Redwater, Alberta, approximately 45 minutes north-east of the City of Edmonton. Subject to the approval of all conditions in the Agreement of Purchase and Sale and regulatory compliance, Edgeworth Properties Inc. intends to sell such lands as undivided land interests in the Asia-Pacific market.
The approximately 160 acres of land is in addition to the 150 acres of land Edgeworth Properties Inc. acquired earlier this week in the same region of Alberta.
"The acquisition of over 300 acres of land in the Redwater area continues our strategy to acquire and develop property in appreciating locales" - said Donald G. Hurst, Chairman of the Board and President of Edgeworth Ventures Inc. "Our recent activity reinforces our commitment to be the leading real estate development company in North America and to act as a land bridge between the North American and Asian markets."
back to topAcquisition of 150 acres of land adjacent to the Town of Redwater Alberta
Toronto – June 26, 2006
Edgeworth Properties Inc., a wholly owned subsidiary of Edgeworth Ventures Inc. (Pink Sheets: EGWV), is pleased to announce the acquisition of approximately 150 acres of land adjacent to the Town of Redwater, Alberta, approximately 45 minutes north-east of the City of Edmonton. Subject to the approval of all conditions in the Agreement of Purchase and Sale and regulatory compliance, Edgeworth Properties Inc. intends to sell such lands as undivided land interests in the Asia-Pacific market.
“Along with our recent acquisitions in Fort McMurray , this latest acquisition demonstrates Edgeworth’s commitment to be a leader in the real estate development industry in Alberta.” - said Donald G. Hurst, Chairman of the Board and President of Edgeworth Ventures Inc.
back to topEdgeworth Group of Companies Announces Acquisition of Fort McMurray Development
Toronto - June 7, 2006
Edgeworth Properties Inc., a wholly owned subsidiary of Edgeworth Ventures Inc. (Pink Sheets: EGWV), is pleased to announce the acquisition of three lots in Fort McMurray, Alberta, Canada, municipally described as Plan 616AO, Block 15, Lot 14, 15 and 16 ( the "Fort McMurray Property"). Subject to approval of all conditions in the Agreement of Purchase and Sale and regulatory compliance. Edgeworth Properties Inc. intends to develop the Fort McMurray Property into primarily residential uses / condominium development.
"We are pleased with the aquisition of the Fort McMurray property," - comments Donald G.Hurst, Chairman of the Board and President of Edgeworth Ventures Inc. "This acquisition is consistent with our company's strategy to maximize shareholder value through the timely acquisition, development and sale of property in appreciating locations such as Fort McMurray."
back to topEdgeworth Ventures Inc. announced today that its wholly owned subsidiary, Edgeworth Properties Inc. has appointed Mr. Vincent Lee as Vice President, International Marketing - Asia Pacific.
Toronto - May 15, 2006
"Vincent Lee is a superb choice for the role of Vice President, International Marketing - Asia Pacific" - said Donald G. Hurst, President and CEO. "He joins the Edgeworth group of companies having had a long and distinguished career in the legal profession, real estate financing and sales in the Asian market. His appointment adds depth to our experience, expands our sales channels in the Asian market and reinforces our commitment to the execution of our strategic initiatives."
Mr. Lee received his B.A. (Hons) in Political Science and his M.A. in Political Science (International Relations) from York University, Toronto. He also received his LL.B. form the University of New South Wales, Sydney, Australia; Followed shortly thereafter by attending Osgoode Hall Law School, York University. Mr. Lee was called to the Ontario Bar in 1985 and is currently a member in good standing of the Law society of Upper Canada and a member of the Canadian Bar Association.
After practising at Lang Michener Lash Johnston, a 200 lawyer firm in Toronto, Mr. Lee joined Castle Point Development Corp. as it’s Vice President and General Council. In 1989 Castle Point was involved with the development of the $160 million, 504 luxury condo complex on the waterfront in Toronto known as “Palace Place”. After leaving Castle Point, Mr. Lee became involved in syndicating funds from Asia Pacific to finance a number of real estate development projects in the Toronto area.
Vincent joins the existing senior management of the Edgeworth group of companies which includes:
Donald G. Hurst - President and Chairman to the Board:
Prior to joining Edgeworth Ventures Inc., Mr. Hurst worked in various industry segments including manufacturing, automotive, food and beverage, export and commercial/industrial real estate development.
Mr. Hurst held the position of Vice President and Managing partner of Henley Automotive Group. He financed and built manufacturing plants in Europe, the United States and Western Canada for Richardson Foods Ltd. in his role as Senior Vice President of Operations.
Earlier positions held by Mr. Hurst were Vice President of Operations for Scholars Choice Ltd., Operations Manager for Jordan Wines Ltd. and QA Manager for Kelsey Hayes Canada.
Patrick Oliver-Kelley - Director and Strategic Advisor:
Mr. Oliver-Kelley is an entrepreneur; an inspiring leader and strategic planner. Being voted 2003 and 2006 Businessman of the Year for the State of New York as well as being a financial advisor to Mr. J. Paul Getty, speaks volumes about Mr. Oliver-Kelley’s experience and integrity.
Mr. Oliver-Kelley has incredible experience with high profile real estate financing. He financed the building of Calgary, Alberta’s first skyscraper as well as a 150 unit, luxury residential community in San Jose, Costa Rica. Mr. Oliver-Kelley was responsible for raising $50 million to construct a luxury hotel in Chicago, Illinois; arranged financing for a business tower in Dubai and has found buyers for numerous luxury hotels around the world.
Mr. Oliver-Kelley is a member in good standing with the Fellowship of the Royal Society of Arts, Industry, and Commerce (FRSA).
C. Vaughan Minor, FCA - Chief Financial Officer and Director:
Mr. Minor brings twenty-five years of public practice experience to his position of President and CFO to Edgeworth Properties Inc. Mr. Minor served nine years as an elected member of City Council in London, Ontario, including three years on the city’s Board of Control.
He is a former member of the Board of Directors for the Finance and Audit Committee for the Alcohol and Gaming Commission of Ontario. He is also a member of and elected to the Council of the Institute of Chartered Accountants of Ontario.
Mr. Minor’s background also includes work as a financier for one of London, Ontario’s largest development firms which built over 5000 units within the city. Mr. Minor received his B.Comm (Hons) degree from the University of Windsor.
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