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SEE Intellectual Capital Group Ltd.

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Share Name Share Symbol Market Type
Intellectual Capital Group Ltd. TSXV:SEE TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

SeaMiles, Any Cruise Line...Any Time, Announces Record First Quarter Results

27/05/2009 9:15pm

Marketwired Canada


SeaMiles Limited (the "Company") (TSX VENTURE:SEE), North America's premier
cruise loyalty provider, today announced first quarter results for the period
ended March 31, 2009.


For the 2009 first quarter, the Company reported total revenue of $3,194,594, an
increase of 24% compared to $2,574,243 during the same quarter in 2008 as a
result of a favourable foreign exchange fluctuation. Income from continuing
operations before income taxes was $456,893 compared to a loss of ($55,294) in
the prior year. This improvement was due to the favourable foreign exchange
fluctuation and a reduction in direct loyalty program costs in 2009. After
taking into account a provision for future income taxes of $168,000 in 2009,
income from continuing operations was $288,893 or $0.02 per share compared to a
loss of ($55,294) or $0.00 per share last year. The 2009 first quarter net
income was $288,893 or $0.02 per share as compared to a loss of ($104,197) or
($0.01) per share last year, which included a charge of $48,903 for discontinued
operations.


"Our first quarter results confirm the growing awareness and enthusiasm that
both our existing and new cardholders have for SeaMiles. Any Cruise Line... Any
Time allows cruisers to have total flexibility at the time of point redemption.
With no fees, restrictions or blackouts, SeaMiles continues to be the proven
choice for cruise aficionados." said Peter Rooney, President.


Rooney added "With the growing popularity of social communities, SeaMiles
recently embarked in creating its own standalone cruise community, CruiseTube
(www.cruisetube.com), which enables members to share their love of cruising
before, during and after their cruise experience."


ABOUT SEAMILES LIMITED

SeaMiles is North America's premier cruise loyalty provider, committed to
recognizing and rewarding the cruiser through multiple earning opportunities and
best-in-class, maximum award flexibility based on "Any Cruise Line...Any Time".
Additional information can be found at www.seamiles.com.


1 Year Intellectual Capital Group Ltd. Chart

1 Year Intellectual Capital Group Ltd. Chart

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