New Venturetec annual revenue expectation per September 30, 2015

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New Venturetec: Result expectation for the fiscal year 2014/2015 ended September 30, 2015

 

Steinhausen, October 5, 2015. New Venturetec ended its fiscal year 2014/15 on September 30, 2015. Based on the current valuations of the portfolio companies New Venturetec expects a consolidated net gain of approximately USD 15,000,000 or USD 3.00 per share. The main reasons for the gain is the increase of the traded share price of Osiris Therapeutics from USD 12.59 per share to USD 18.47 per share. The gain was reduced by the decrease of the valuation of the private company mPortal from USD 0.50 to USD 0.31 per share and the loss of the investment in Reverb Networks in the reporting period. The estimated numbers could change materially during the course of the end year valuation process of the portfolio, which will be done in the coming weeks. The final annual financials, together with the annual report of New Venturetec 2014/15 will be published on November 11, 2015.

New Venturetec did not give any guidance on its performance for the fiscal year 2014/15 and has never done so in the past.

 

About New Venturetec

New Venturetec is a publicly traded Swiss investment company (SIX: NEV) which holds participations in venture companies in the areas of biotechnology and technology which are domiciled in the USA.

The investment horizon should be 10 years or more. A shareholder is recommended to follow the development with interest and base an investment or disinvestment decision on results of the development of the portfolio companies rather than on the general capital market and the investors’ sentiment. Any investor should only invest in New Venturetec if he can afford the complete loss of the investment without having to change his lifestyle. Significant risk is involved and the timelines may exceed the expectations. In addition, the market of New Venturetec shares is very illiquid. The risks of venture investments are 100%. The total loss of the investment has to be considered as a realistic possibility.

For further information:

Yves Huwyler
Hinterbergstrasse 47
6312 Steinhausen
Tel: 041 740 26 26
info@newventuretec.com