Ancapistan Capital Exchange Projects Quarter 4 Profit

Intlibber Brautigan: "performance in the Face of a Bearish Market and a SL Economy Suffering Major Growth Problems, Speaks Volumes to the Successful Strategies We Have Employed at ACE"

For SLReports.net

In today's Quarter 3 Financial Statement, Ancapistan Capital Exchange (ACE:ACE) CEO Intlibber Brautigan forcasted a profit for Quarter 4, reversing a -L$22,000 loss in Q3 to a forecasted L$100,000-150,000 profit.

"Where last quarter saw a profit primarily due to the IPO of ACE on ACE, without those funds we would have seen a loss of approximately L$270,000 in that quarter. We have significantly narrowed that this quarter, without having that capital to work with, with a minor loss of only 22k L$. The net asset value remains strong at L$2.12 per share, indicating ACE stock is significantly underpriced at its current pricing."

Today's close saw ACE(ACE) trading at L$0.47, more than 4.5 times less than the stated net asset value.

"This sort of performance in the face of a bearish market and a SL economy suffering major growth problems, speaks volumes to the successful strategies we have employed at ACE." Brautigan stated in the official press release.

Brautigan also outlined plans to sell of land surrounding the ACE main branch in Caldbeck, which is located next to the Linden Village, because, "the benefits have in our opinion not been worth the expense."

"Other measures we are taking to improve performance at ACE: Supporting the SOS protest movement with their Legal Fund has in November greatly increased the number of accounts at ACE, use of our currency exchange, and also the income from our adsense ads. We expect the adsense revenue boost alone will for the first time fully fund our web server fees, a boost in revenues of about L$50,000.00."

"Currency Exchange fees we expect to double or triple at a minimum in the coming quarter, and our exchange office rentals are filling up nicely, we expect to be in a position to raise rents slightly come January."

With the losses sustained by ACE the CEO decided to forgoe paying a dividend for Q3, but projects a L$0.014 dividend if the revenue forecast for Q4 holds up.