Aeroquest International Limited: Correction to December 8, 2004 Press Release.MILTON, Ontario -- Aeroquest International Limited (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AQL) Further to the press release of Aeroquest International Limited issued on December 8, 2004, the company advises that it inadvertently understated its Cash Flow (EBIDTA EBIDTA Earnings Before Interest Depreciation Taxes and Amortization ) figures. Cash flow (EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become ) was actually $1,008,620 for the sixth month period ending October 31, 2004, increasing from $170,977 in the first quarter, to $837,643 in the second quarter. Aeroquest International Limited (TSX VENTURE:AQL) is the parent company of Aeroquest Limited, a world leader in the development and operation of innovative and proprietary airborne geophysical surveying platforms servicing the mineral exploration, oil and gas, and environmental industries. AQL has 15,829,162 shares outstanding. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the adequacy or accuracy of the release. AEROQUEST INTERNATIONAL LIMITED (TSX VENTURE:AQL) |
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