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TORONTO, Nov. 22, 2012 /CNW/ - Look Communications Inc. ("Look" or the "Corporation") (NEX: LOK.H and LOK.K) today reported its operating and financial results for the year ended August 31, 2012.
Operating and financial highlights included the following:
The Corporation continues to pursue opportunities to realize value from its tax attributes. The Corporation's remaining tax attributes of approximately $166 million may be utilized by the Corporation in its future operations, or may be utilized by a potential acquirer to offset income, provided certain tests are satisfied including those related to change in control.
For further information on Look's financial results, please review the Corporation's consolidated financial statements and management's discussion and analysis of financial condition and results of operations for the years ended August 31, 2012 and 2011.
About Look Communications Inc.
Look's shares are listed on the NEX under the symbols "LOK.H" for Multiple Voting Shares and "LOK.K" for Subordinate Voting Shares. Look's website may be found at www.look.ca.
The corporate information contained in this release includes forward-looking statements regarding future events and the future performance of Look that involve risks and uncertainties that could cause actual results to differ materially. Assumptions used in the preparation of such information, although considered reasonable by Look at the time of preparation, may prove to be incorrect. The actual results achieved may vary from the information provided herein and the variations may be material. Consequently, there is no representation by Look that actual results achieved will be the same in whole or in part as those forecast.
Neither the NEX nor its Regulation Services Provider (as that term is defined in the policies of the NEX) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Look Communications Inc.
Copyright 2012 Canada NewsWire
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