Crown Alliance Capital Announces 440% Return on The Maturity of One of Its ...
31.12.69
/PRNewswire/ -- Crown Alliance Capital Limited (OTCBB: CACL) a senior life insurance settlements company, filed its form 10-Q with the Securities Exchange Commission on April 30, 2013 for the quarterly period ended March 31, 2013. The 10-Q reflects the first maturity of one of the Company's portfolio policies, representing a $452,000 payoff and a 440% return on its investment. The payoff of the policy was an early maturity and thus a pleasant surprise for the Company and its shareholders.
The 10-Q report shows a profit of $220,000 this quarter compared with a loss of $121,000, incurred during the previous quarter.
"Our positive results during this last quarter," said Lorraine Fusco, Crown's CEO, "make our company one of the few that show positive earnings this early in its development. We think a lot of credit for this goes to the Company's extensive due diligence process and rigid guidelines for choosing life settlement policies, providing a solid framework for profitable and stable returns. We look forward to many more quarters of growth like this."
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