HIGHLIGHTS
Trading volume increases by 34%
Total revenues increase 32%
Net earnings of $1,106,762 compared to a net loss of ($157,264) in the prior year
"The financial results reflect positively on WCE's move to a fully electronic trading platform on December 20, 2004," said Mike Gagné, President and CEO. "The fiscal year ended August 31, 2006 is the first full year under an electronic trading environment after the restructuring from an open outcry environment. During the year, total volume of contracts traded exceeded the previous year's trading volume by 34%," added Gagné.
WCE has recently announced that its volume in September 2006 was 50.3% higher than a year ago and October 2006 volume was 48.1% higher than a year ago.
The Board of Directors of WCE Holdings Inc. also recently declared the first ever dividend to be paid by Holdings. A dividend of $10.00 per share is being paid for each Class "A" Common Share outstanding. There are currently 24,000 Class "A" Common Shares issued and outstanding.
The financial results of Holdings for the year ended August 31, 2006 are available on the Website at www.wce.ca