[August 24, 2004] Exus Global Exceeds Expectations for Second Quarter; Net Asset Value Increased by $.17 NEW YORK --(Business Wire)-- Aug. 24, 2004 -- Exus Global, Inc. (OTCBB:EXGO), a publicly traded, closed end mutual fund and Business Development Company with diversified holdings, today announced that the Company has filed its Form 10-Q with the Securities and Exchange Commission for the quarter ended June 30, 2004. Highlights of the quarter included: - The Company exceeded expectations announced on July 30, 2004 and reported an increase in net asset value of $.17. - Investments in portfolio companies increased to $827,597 from $535,720 for the quarter ended March 31, 2004 - a 52% increase. - Liabilities were reduced by 23% for the period. - The Company continued its investment strategy and added two new companies to its portfolio, Food Products International, Inc. and GoIP Global, Inc., during the month of July. - Management is negotiating alternative mechanisms to satisfy Convertible Debentures, avoiding dilution. "It is with great pleasure that we announce the increase in Exus' net asset value and the decrease in liabilities. Also, the addition of two new portfolio companies strengthens our positioning in diversified holdings with significant potential for growth and revenue. As we approach profitability, we continue to strive for companies of excellence to join our portfolio, rising net asset value and satisfaction of the Company's two convertible debentures to benefit our shareholders," stated Ike Sutton, CEO. About Exus Global, Inc. Exus Global is a publicly traded (OTCBB:EXGO) Business Development Company (BDC) located in New York City. The company has initiated a strategy to create value for shareholders by investing in emerging companies that are positioned for strong industry growth or that have business models with strong cash how potential. In addition to initial financing, Exus provides its portfolio companies with a variety of services including managerial and administrative assistance, back office support pre-IPO and public listing planning, public relations and investor relations, marketing and feasibility studies and identification of strategic or financial partners. For more information see http://www.Exusglobal.com. The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results. Forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. [ Back To TMCnet.com's Homepage ]