Exclamation Investee Chrysalis Capital VIII Corporation Announces Qualifying Transaction to Create N
July 24, 2012 at 10:00 AM EDT
Exclamation Investee Chrysalis Capital VIII Corporation Announces Qualifying Transaction to Create New Semiconductor Company
Toronto, Ontario CANADA, July 24, 2012 /FSC/ - Exclamation Investments Corporation (XI - TSX Venture), a business creator conceiving and developing paradigm-shifting businesses in the dual role of founder and seed investor, is pleased to announce that one of its investee companies, Chrysalis Capital VIII Corporation ("Chrysalis VIII"), a capital pool company ("CPC"), has announced that it has entered into a definitive acquisition agreement with each of Fresco Microchip Inc. and RedMere Technology Limited and their respective principal shareholders for the creation of a new semiconductor company to be named Spectra7 Microsystems Inc. For more details, visit www.tccg.ca.
"The Chrysalis VIII announcement marks a significant milestone for The Chrysalis Capital Group, and is a testament to their experience and reputation as a premier CPC creator," commented Daniel Shields, CFO of exclamation. "The one million shares of Chrysalis VIII owned by exclamation through our strategic agreement are now well positioned to provide returns to our shareholders."
For more information about exclamation, visit www.exclamation.com
ABOUT EXCLAMATION INVESTMENTS CORPORATION
Exclamation Investments is a business creator that conceives and develops paradigm-shifting businesses in its roles of seed investor, founder and active partner. Leveraging its trans-Atlantic network to develop new business concepts, and its proven process for transforming ideas and capital into profits, exclamation shareholders participate from the founder stage as they 'get in' at a low cost before significant value is established, and are positioned to 'exit' and realize gains when value is maximized offering potential returns significantly higher than traditional venture capital and private equity. For more information about exclamation, visit www.exclamation.com.
ABOUT CHRYSALIS CAPITAL VIII CORPORATION
Chrysalis Capital VIII Corporation is The Chrysalis Capital Group Inc.'s ("TCCG") eighth CPC. TCCG is entirely focused on generating superior shareholder returns through the creation of a series of unique CPCs. To date, TCCG has created eight Chrysalis branded CPCs and has assisted in the creation of four additional CPCs under TCCG's partners program. For more information about TCCG, please visit www.tccg.ca.
Certain information in this news release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Corporation. Additional information identifying risks and uncertainties is contained in the Corporation's filings with the Canadian securities regulators available at www.sedar.com.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Exclamation Investments Corporation
Daniel Shields, Chief Financial Officer
t : 1 (888) 838-1666
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Source: Exclamation Investments Corporation (TSX-V XI) www.exclamation.com
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