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Fountain Asset Corp. (TSXV: FA) New Listing

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The company formerly traded as GC-Global Capital under the symbol GDE.A, following its $0.45 per share IPO that closed in March 2015. Fountain Asset Corp is a merchant bank which provides equity financing, bridge loan services, and strategic financial consulting services to companies across many industries such as oil & gas, mining, real estate, manufacturing, retail, financial services, technology and biotechnology.

Additional Information:

Company: Fountain Asset Corp
Website: http://www.fountainassetcorp.com/
Stock Symbol: TSXV: FA
Date Published: Sep 2, 2015
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Fountain Asset Corp is one of the latest new listings on the TSX Venture Exchange, and is trading under the symbol “FA”.

The company formerly traded as GC-Global Capital under the symbol GDE.A, following its $0.45 per share IPO that closed in March 2015.

Fountain Asset Corp is a merchant bank which provides equity financing, bridge loan services, and strategic financial consulting services to companies across many industries such as oil & gas, mining, real estate, manufacturing, retail, financial services, technology and biotechnology.

The company reported net comprehensive income of $118,000 or flat earnings per share, compared to $1 million or net comprehensive income of $0.03 per share in the same quarter of the prior year.

The progress that the company has made in refocusing and transitioning the business and executing its asset diversification strategy has led to 5 straight quarters of positive net comprehensive income.

The company reported total revenue of $500,000 compared to $1.5 million in the same quarter of the prior year, a decrease that was attributed to lower unrealized gains from its investments in public companies.

Recurring revenue from interest and fees was $250,000 this quarter, up by approximately 150% over the same quarter of the previous year as management focussed on ensuring that recurring revenues will be able to offset overhead expenses as the company positions itself to realize gains on its public company investments.

The company is led by Jason Ewart, who has been the CEO since 2004, as well as the COO since July 2003.

The shares are trading at $0.34, with approximately 53 million subordinated voting shares and 1 million multiple voting shares outstanding.

Each multiple voting share is entitled to 4 votes.

For more information please visit www.fountainassetcorp.com, or contact Jason Ewart at 416-488-7760.

I’m Samantha Deutscher for Investmentpitch Media