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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 Second Quarter Results

27/08/2009 6:30pm

Marketwired Canada


SeaMiles Limited (the "Company") (TSX VENTURE:SEE), North America's premier
cruise loyalty provider, today announced second quarter results for the period
ended June 30, 2009.


For the 2009 second quarter, the Company reported revenue of $3,071,798 compared
to $2,721,520 in 2008, a 13% increase, due to the increased strength in the U.S.
dollar. For the quarter ended June 30, 2009, the Company reported a net loss
from continuing operations of ($100,408) or ($0.01) per share versus net income
from continuing operations of $102,495 or $0.01 per share in 2008. Net loss for
the second quarter in 2009 was ($100,408) or ($0.01) per share compared to net
income of $409,217 or $0.04 in 2008.


For the six months ended June 30, 2009, the Company reported revenue of
$6,266,392, an increase of 18% compared to $5,295,763 last year, as a result of
the strengthening U.S. dollar. SeaMiles had income from continuing operations of
$188,485 or $0.02 per share compared to income from continuing operations of
$47,201 or $0.00 per share in the previous year. Net income for the 6 months
ended June 30, 2009 was $188,485 or $0.02 per share compared to $305,020 or
$0.03 per share last year.


"Our 2009 second quarter results reflect increased costs relative to the
Carnival(SM) Sea Miles(R) MasterCard(R) program, with revenue remaining
consistent year-overyear. SeaMiles is now well positioned to maximize all
opportunities during the upcoming winter season. Based on Any Cruise Line...Any
Time, our cruise loyalty program offers cruisers total choice and flexibility at
the time of point redemption which is unique within the marketplace" said Peter
Rooney, President.


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

1 Month Intellectual Capital Group Ltd. Chart

1 Month Intellectual Capital Group Ltd. Chart