Latest news with #Montfort
Cision Canada
2 days ago
- Business
- Cision Canada
Montfort Capital Announces First Quarter 2025 Financial Results and CFO Transition
TORONTO, June 11, 2025 /CNW/ - Montfort Capital Corp. ("Montfort" or the "Company") (TSXV: MONT), today announced financial results for the three months ended March 31, 2025. All figures are reported in Canadian dollars unless otherwise noted. Financial Highlights For the three months ended March 31, 2025, the Company delivered the following results: Loans receivable - net of allowance as at March 31, 2025 was flat compared to the balance at December 31, 2024, as loan growth in the Langhaus and Nuvo businesses was offset by a decline in the Pivot loan book. Total revenue decreased by $0.3 million or 31% compared to Q1 2024, primarily reflecting lower transaction fee income generated by the Pivot business. Total expenses decreased by $0.6 million or 25% compared to Q1 2024, as management's effort to improve operating efficiency has resulted in reduced staffing and other overhead costs. The net loss from continuing operations for the quarter was $1.1 million compared to a net loss of $1.5 million in Q1 2024, mainly reflecting the savings in operating expenses. The net loss from discontinued operations increased $3.1 million or 442% to $3.8 million compared to Q1 2024, driven by expected credit loss provisions in the Brightpath mortgage business that was sold subsequent to period end. "Our efforts to streamline operating expenses were evident this quarter as we saw a 25% reduction on a year over year basis" said Ken Thomson, CEO of Montfort. "As our core business units continue to grow and we make ongoing refinements to our cost structure, we are positioning our platform for sustainable future growth." CFO Transition Montfort also announced the upcoming departure of Mr. Josh Reusing, Chief Financial Officer for the Company. Mr. Reusing will be replaced by Mr. Sam Hall, effective June 20, 2025. "We'd like to thank Josh for his efforts in the CFO role during a challenging transition period for the Company and wish him well in his future endeavours" said Ken Thomson, CEO of Montfort. "We are also pleased to welcome Sam to the CFO position. Already a trusted senior leader at Montfort, Sam will now play an increased role in guiding the overall growth of the Company." This news release is qualified in its entirety by the Company's financial statements for the three months ended March 31, 2025 and the associated Management's Discussion & Analysis, which can be downloaded from the Company's profile on SEDAR+ at About Montfort Capital Corp. Montfort builds and manages private credit portfolios that have focused investing strategies for the institutional and accredited investors markets. For further information, please visit The Company originates, underwrites and manages secured loans through the following operating divisions: Continuing Operations Langhaus provides insurance policy-backed lending solutions to high-net-worth individuals and entrepreneurs in Canada. Langhaus' loans are collateralized by the assignment of the borrower's whole life insurance policy, personal and/or corporate guarantees and, in some cases, other tangible collateral. Nuvo partners with Canadian alternative asset managers and ultra high-net-worth individuals to provide revolving net asset value based loans (ie. 'NAV loans'). Pivot specializes in asset-based lending targeting SME borrowers in Canada. Sources of revenue include net interest income from loans receivable, origination fees and amendment fees. In addition, Pivot earns loan servicing fees and performance fee income for loan management services performed. Discontinued Operations The Brightpath business was sold subsequent to year end on April 2, 2025. Brightpath is a registered mortgage brokerage and mortgage administrator, administering a portfolio of first and second mortgages secured by residential properties.. As at December 31, 2024, the assets and liabilities of Brightpath are classified as held for sale and the operating results are included under discontinued operations. The TIMIA business unit was sold on November 1, 2024 and its operating results are included in discontinued operations. TIMIA originated, underwrote and serviced private-market loans in the technology space. TIMIA offered revenue-based investment to fast growing, business-to-business recurring revenue software businesses in North America. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Information Certain statements contained in this press release constitute "forward-looking information" and "forward-looking statements", collectively "forward looking statements". All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "designed", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These forward-looking statements include, but are not limited to: projected timing of profitability of the Company; growth of the Company's existing businesses; and the Company's ability to continue to operate as a going concern. This forward-looking information is based on a number of material factors and assumptions including, but not limited to: stable interest rates and financing costs remaining consistent with current market conditions; no material adverse changes in general economic conditions in key markets; competitive positioning remaining stable in the Company's target markets; Montfort retaining key personnel responsible for client acquisition and relationship management; stability in the competitive landscape of the Company's businesses with no disruptive new market entrants; credit spreads in private lending markets remaining consistent with current market conditions; no significant changes in asset valuations that would impact collateral values; continued demand for private credit; maintenance of current underwriting standards and loan approval processes; no material changes in loan origination channels or referral networks; continued effectiveness of the Company's credit risk assessment methodologies; ability to maintain current loan servicing capabilities and operational efficiencies; ability to maintain relationships with key capital providers, co-lenders and financial partners; and availability of external financing at reasonable rates These assumptions should be considered carefully by readers. The forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements. These risks and uncertainties include, but are not limited to: lower than expected revenue growth in the Company's core business segments; potential for increased competition that could compress profit margins; possibility of higher operating costs than forecasted; risk of economic downturn affecting demand for the Company's services; unforeseen regulatory changes impacting the Company's business model and/or cost structure; delays in realizing anticipated cost synergies or operational efficiencies; risk of market saturation limiting organic growth opportunities; failure to successfully execute planned expansion initiatives; possibility of increased competition in target markets; inability to attract or retain key talent needed for growth; technological changes that could disrupt existing business models; customer acquisition costs increasing beyond projected levels; and the Company being unable to continue as a going concern due to its inability to procure additional liquidity and / or financing on reasonable terms. We do not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. Based on current available information, the Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that those expectations will prove to be correct. The forward-looking statements in this press release are expressly qualified by this statement, and readers are advised not to place undue reliance on the forward-looking statements.
Yahoo
2 days ago
- Business
- Yahoo
Montfort Capital Announces First Quarter 2025 Financial Results and CFO Transition
TORONTO, June 11, 2025 /CNW/ - Montfort Capital Corp. ("Montfort" or the "Company") (TSXV: MONT), today announced financial results for the three months ended March 31, 2025. All figures are reported in Canadian dollars unless otherwise noted. Financial Highlights Financial Highlights Three months endedMarch 31, 2025 Three months endedMarch 31, 2024 Revenue $ 713,694 $ 1,037,594 Expenses 1,899,4952,539,930 Net income loss from continuing operations (1,114,624)(1,455,342) Net loss from discontinued operations (3,817,603)(703,730) Basic and diluted loss per common share: from continuing operations (0.01)(0.02) from discontinued operations (0.04)(0.01) As at March 31, 2025 As at December 31, 2024 Loans receivable - net of allowance $ 189,297,041 $ 189,538,678 For the three months ended March 31, 2025, the Company delivered the following results: Loans receivable - net of allowance as at March 31, 2025 was flat compared to the balance at December 31, 2024, as loan growth in the Langhaus and Nuvo businesses was offset by a decline in the Pivot loan book. Total revenue decreased by $0.3 million or 31% compared to Q1 2024, primarily reflecting lower transaction fee income generated by the Pivot business. Total expenses decreased by $0.6 million or 25% compared to Q1 2024, as management's effort to improve operating efficiency has resulted in reduced staffing and other overhead costs. The net loss from continuing operations for the quarter was $1.1 million compared to a net loss of $1.5 million in Q1 2024, mainly reflecting the savings in operating expenses. The net loss from discontinued operations increased $3.1 million or 442% to $3.8 million compared to Q1 2024, driven by expected credit loss provisions in the Brightpath mortgage business that was sold subsequent to period end. "Our efforts to streamline operating expenses were evident this quarter as we saw a 25% reduction on a year over year basis" said Ken Thomson, CEO of Montfort. "As our core business units continue to grow and we make ongoing refinements to our cost structure, we are positioning our platform for sustainable future growth." CFO Transition Montfort also announced the upcoming departure of Mr. Josh Reusing, Chief Financial Officer for the Company. Mr. Reusing will be replaced by Mr. Sam Hall, effective June 20, 2025. "We'd like to thank Josh for his efforts in the CFO role during a challenging transition period for the Company and wish him well in his future endeavours" said Ken Thomson, CEO of Montfort. "We are also pleased to welcome Sam to the CFO position. Already a trusted senior leader at Montfort, Sam will now play an increased role in guiding the overall growth of the Company." This news release is qualified in its entirety by the Company's financial statements for the three months ended March 31, 2025 and the associated Management's Discussion & Analysis, which can be downloaded from the Company's profile on SEDAR+ at About Montfort Capital Corp. Montfort builds and manages private credit portfolios that have focused investing strategies for the institutional and accredited investors markets. For further information, please visit The Company originates, underwrites and manages secured loans through the following operating divisions: Continuing Operations Langhaus provides insurance policy-backed lending solutions to high-net-worth individuals and entrepreneurs in Canada. Langhaus' loans are collateralized by the assignment of the borrower's whole life insurance policy, personal and/or corporate guarantees and, in some cases, other tangible collateral. Nuvo partners with Canadian alternative asset managers and ultra high-net-worth individuals to provide revolving net asset value based loans (ie. 'NAV loans'). Pivot specializes in asset-based lending targeting SME borrowers in Canada. Sources of revenue include net interest income from loans receivable, origination fees and amendment fees. In addition, Pivot earns loan servicing fees and performance fee income for loan management services performed. Discontinued Operations The Brightpath business was sold subsequent to year end on April 2, 2025. Brightpath is a registered mortgage brokerage and mortgage administrator, administering a portfolio of first and second mortgages secured by residential properties.. As at December 31, 2024, the assets and liabilities of Brightpath are classified as held for sale and the operating results are included under discontinued operations. The TIMIA business unit was sold on November 1, 2024 and its operating results are included in discontinued operations. TIMIA originated, underwrote and serviced private-market loans in the technology space. TIMIA offered revenue-based investment to fast growing, business-to-business recurring revenue software businesses in North America. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Information Certain statements contained in this press release constitute "forward-looking information" and "forward-looking statements", collectively "forward looking statements". All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "designed", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These forward-looking statements include, but are not limited to: projected timing of profitability of the Company; growth of the Company's existing businesses; and the Company's ability to continue to operate as a going concern. This forward-looking information is based on a number of material factors and assumptions including, but not limited to: stable interest rates and financing costs remaining consistent with current market conditions; no material adverse changes in general economic conditions in key markets; competitive positioning remaining stable in the Company's target markets; Montfort retaining key personnel responsible for client acquisition and relationship management; stability in the competitive landscape of the Company's businesses with no disruptive new market entrants; credit spreads in private lending markets remaining consistent with current market conditions; no significant changes in asset valuations that would impact collateral values; continued demand for private credit; maintenance of current underwriting standards and loan approval processes; no material changes in loan origination channels or referral networks; continued effectiveness of the Company's credit risk assessment methodologies; ability to maintain current loan servicing capabilities and operational efficiencies; ability to maintain relationships with key capital providers, co-lenders and financial partners; and availability of external financing at reasonable rates These assumptions should be considered carefully by readers. The forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements. These risks and uncertainties include, but are not limited to: lower than expected revenue growth in the Company's core business segments; potential for increased competition that could compress profit margins; possibility of higher operating costs than forecasted; risk of economic downturn affecting demand for the Company's services; unforeseen regulatory changes impacting the Company's business model and/or cost structure; delays in realizing anticipated cost synergies or operational efficiencies; risk of market saturation limiting organic growth opportunities; failure to successfully execute planned expansion initiatives; possibility of increased competition in target markets; inability to attract or retain key talent needed for growth; technological changes that could disrupt existing business models; customer acquisition costs increasing beyond projected levels; and the Company being unable to continue as a going concern due to its inability to procure additional liquidity and / or financing on reasonable terms. We do not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. Based on current available information, the Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that those expectations will prove to be correct. The forward-looking statements in this press release are expressly qualified by this statement, and readers are advised not to place undue reliance on the forward-looking statements. SOURCE Montfort Capital Corp. View original content to download multimedia: Sign in to access your portfolio
Cision Canada
06-06-2025
- Business
- Cision Canada
Montfort Capital Announces Delay in Filing of Q1 2025 Financial Statements and MD&A, Issuance of Cease-Trade Order
TORONTO, June 6, 2025 /CNW/ - Montfort Capital Corp. (TSXV: MONT) (" Montfort" or the " Company") announces a delay in the filing of its financial statements, its management's discussion and analysis, and chief executive officer and chief financial officer certificates for the three-months ended March 31, 2025 (the " Required Filings"), which were due to be filed by May 30, 2025 under applicable Canadian securities law requirements. The Company advises that the delay to the Required Filings is a result of the delays in completing its audited annual consolidated financial statements, management's discussion and analysis and chief executive officer and chief financial officer certificates for the year-ended December 31, 2024 (the " Annual Filings") by the statutory deadline of April 30, 2025. Upon filing of the Annual Filings to the Company's SEDAR+ profile on May 27, 2025, the Ontario Securities Commission issued a revocation order on May 28, 2025 for the failure-to-file cease trade order it issued on May 7, 2025. The Company expects to file the Required Filings by the end of June 2025 and will issue a news release announcing completion of such filings at such time. Issuance of Cease-Trade Order As a result of the Company's failure to file the Required Filings by May 30, 2025, the Ontario Securities Commission (the " OSC") issued a failure-to-file cease trade order (the " FFCTO") to the Company on June 5, 2025. The FFCTO prohibits the trading by any person of any securities of the Company in each jurisdiction in Canada in which the Company is a reporting issuer, for as long as the FFCTO remains in effect, subject to the following exception. The FFCTO provides an exception for beneficial securityholders of the Company who are not currently (and who were not as of June 5, 2025) insiders or control persons of the Company and who sell securities of the Company acquired before June 5, 2025 if both of the following criteria are met: (a) the sale is made through a "foreign organized regulated market", as defined in section 1.1 of the Universal Market Integrity Rules of the Canadian Investment Regulatory Organization; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation. The OSC has informed the Company that if the default is remedied within 90 days of the date of the FFCTO, including any interim financial statements, MD&A and certifications that subsequently became due, the filing of the Required Filings will constitute the application to revoke the FFCTO. On Behalf of the Board of Directors: Ken Thomson, Director & Chief Executive Officer Montfort Capital Corp. About Montfort Capital Montfort is a trusted provider of focused private credit strategies for institutional investors, family offices, and wealth managers. We employ focused strategies, experienced management teams and advanced technology to drive superior risk-adjusted investment returns. For further information, please visit Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. FORWARD-LOOKING INFORMATION This news release contains "forward-looking information" and "forward-looking statements" (collectively, " forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release may include statements about the expected completion of the Required Filings and filing of the Required Filings. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information, and there is no guarantee that the Required Filings will be made on the timeline currently expected or at all. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law. SOURCE Montfort Capital Corp.
Globe and Mail
28-05-2025
- Business
- Globe and Mail
Montfort Capital Announces Fiscal Year 2024 Financial Results
TORONTO , /CNW/ - Montfort Capital Corp. ("Montfort" or the "Company") (TSXV: MONT), today announced financial results for the fourth quarter and year ended December 31, 2024 . All figures are reported in Canadian dollars unless otherwise noted. Financial Highlights Financial Highlights Three months ended December 31, 2024 Three months ended December 31, 2023 Year ended December 31, 2024 Year ended December 31, 2023 Revenue $ 1,306,866 $ 853,580 $ 4,721,936 $ 3,482,053 Expenses 2,644,665 2,832,520 10,488,215 14,513,903 Net income loss from continuing operations (1,337,799) (1,978,941) (5,785,323) (10,918,864) Net loss from discontinued operations (14,653,497) (3,604,230) (17,900,795) (1,583,860) Basic and diluted loss per common share: from continuing operations (0.02) (0.03) (0.09) (0.15) from discontinued operations (0.15) (0.04) (0.19) (0.02) As at December 31, 2024 As at September 30, 2024 As at December 31, 2024 As at December 31, 2023 Loans receivable - net of allowance $ 189,538,678 $ 359,467,328 $ 189,538,678 $ 320,581,709 For the three months ended December 31, 2024 the Company had the following highlights: Loans receivable - net of allowance as at December 31, 2024 decreased by $169.9 million or 47% compared to September 30, 2024 due to mainly to the reclassification of $156.8 million of Brightpath mortgage loans receivable to assets held for sale. Total revenue increased by $0.5 million or 53% compared to Q4 2023, reflecting loan book growth in the Company's continuing operations. Total expenses decreased by $0.2 million or 7% compared to Q4 2023, as savings in operating expenses were mostly offset by a $1.0 million write-down of equity investments. The net loss from continuing operations for the quarter was $1.3 million compared to a net loss of $2.0 million in Q4 2023, mainly reflecting the increase in total revenue. The net loss from discontinued operations increased $11.0 million or 307% to $14.7 million compared to Q4 2023, driven by loan write-offs and expected credit loss provisions in the Brightpath mortgage business that was sold subsequent to yearend. For the year ended December 31, 2024 the Company had the following highlights: Loans receivable - net of allowance as at December 31, 2024 decreased by $131.0 million or 41% compared to December 31, 2023 due to mainly to the reclassification of $156.8 million of Brightpath mortgage loans receivable to assets held for sale. Total revenue increased by $1.2 million or 36%, reflecting loan book growth in the Company's continuing operations as well as an increase in transaction fee income. Total expenses decreased by $4.0 million or 28%, mainly reflecting a $3.6 million impairment loss on intangible assets recognized in 2023. The net loss from continuing operations was $5.8 million , compared to a net loss of $10.9 million in the prior year period, reflecting management's efforts to reduce costs and the improved profitability of the Company's continuing businesses. The net loss from discontinued operations increased $16.3 million or 1030% to $17.9 million , driven by loan write-offs and expected credit loss provisions in the Brightpath mortgage business. "It is evident that we have materially restructured the business in the past year with the sale of two business units. We have also made great strides in our effort to reduce overhead expenses to align with our more focused business strategy. After adjusting for the approximately $1 million non-cash write-down of legacy TIMIA equity investments, Montfort's continuing operations were approaching breakeven in the fourth quarter" said Ken Thomson , CEO of Montfort. "As we continue to focus on our core, profitable and growing business units, the sightline to consolidated profitability becomes clearer." Significant Organization Changes On November 1, 2024 , the Company finalized the sale of all of its right, title and interest to TIMIA Capital Inc., TIMIA II GP Inc., TIMIA III GP Inc., TIMIA Capital Holdings Limited Partnership, TIMIA SPIV I Inc., and Montfort USA 1 Corp. The assets sold also included the Company's equity interests in TIMIA LP II and TIMIA LP III. These entities together comprised the TIMIA business unit that offered a technology-based lending platform that provided debt capital to recurring revenue technology businesses in North America ("TIMIA"). TIMIA was sold pursuant to a securities purchase agreement with an affiliate of Round 13 Capital for cash proceeds of $3.6 million after agreed on purchase price adjustments. Round 13 Capital also acquired $2.0 million of TIMIA debt. The Company recognized a gain on disposal of $441,526 . On April 2, 2025 , the Company announced it had closed the sale of its mortgage lending business, which was comprised of Brightpath Capital Corporation, Brightpath Servicing Corporation and Brightpath II Servicing Corporation (collectively, "Brightpath"), to a company (the "Buyer") controlled by Mr. Blake Albright . Mr. Albright was a related party as at December 31, 2024 due to his positions as both a director and senior officer of the Company. The proceeds received had an estimated value of $16,567,250 and based on the estimated carrying value of Brightpath's net assets at the sale date, the Company expects to recognize a gain sale of approximately $4 million . The assets of the Brightpath business unit are presented as held for sale as at December 31, 2024 and the operating results for both TIMIA and Brightpath have been reclassified as discontinued operations (see ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS in the MD&A for the year ended December 31, 2024 for additional details). The sales of TIMIA and Brightpath are part of management action plans to improve the Company's profitability and financial position by restructuring operations to decrease expenses and focus on more profitable, lower risk lending operations. Going forward, the Company plans to continuing growing the lending assets of its remaining business lines and evaluating opportunities to bolster liquidity and funding, which may included the disposition of certain non-core assets. This news release is qualified in its entirety by the Company's financial statements for the year ended December 31, 2024 and the associated Management's Discussion & Analysis, which can be downloaded from the Company's profile on SEDAR+ at About Montfort Capital Corp. Montfort builds and manages private credit portfolios that have focused investing strategies for the institutional and accredited investors markets. During the year, the Company operated under five divisions, two of which have been divested and are now reported as discontinued operations for 2024. For further information, please visit The Company originates, underwrites and manages secured loans through the following operating divisions: Continuing Operations Langhaus provides insurance policy-backed lending solutions to high-net-worth individuals and entrepreneurs in Canada. Langhaus' loans are collateralized by the assignment of the borrower's whole life insurance policy, personal and/or corporate guarantees and, in some cases, other tangible collateral. Nuvo partners with Canadian alternative asset managers and ultra high-net-worth individuals to provide revolving net asset value based loans (ie. 'NAV loans'). Pivot specializes in asset-based lending targeting SME borrowers in Canada . Sources of revenue include net interest income from loans receivable, origination fees and amendment fees. In addition, Pivot earns loan servicing fees and performance fee income for loan management services performed. Discontinued Operations The Brightpath business was sold subsequent to year end on April 2 , 2025. Brightpath is a registered mortgage brokerage and mortgage administrator, administering a portfolio of first and second mortgages secured by residential properties.. As at December 31, 2024 , the assets and liabilities of Brightpath are classified as held for sale and the operating results are included under discontinued operations. The TIMIA business unit was sold on November 1, 2024 and its operating results are included in discontinued operations. TIMIA originated, underwrote and serviced private-market loans in the technology space. TIMIA offered revenue-based investment to fast growing, business-to-business recurring revenue software businesses in North America . Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Information Certain statements contained in this press release constitute "forward-looking information" and "forward-looking statements", collectively "forward looking statements". All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "designed", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These forward-looking statements include, but are not limited to: projected timing of profitability of the Company; growth of the Company's existing businesses; and the Company's ability to continue to operate as a going concern. This forward-looking information is based on a number of material factors and assumptions including, but not limited to: stable interest rates and financing costs remaining consistent with current market conditions; no material adverse changes in general economic conditions in key markets; competitive positioning remaining stable in the Company's target markets; Montfort retaining key personnel responsible for client acquisition and relationship management; stability in the competitive landscape of the Company's businesses with no disruptive new market entrants; credit spreads in private lending markets remaining consistent with current market conditions; no significant changes in asset valuations that would impact collateral values; continued demand for private credit; maintenance of current underwriting standards and loan approval processes; no material changes in loan origination channels or referral networks; continued effectiveness of the Company's credit risk assessment methodologies; ability to maintain current loan servicing capabilities and operational efficiencies; ability to maintain relationships with key capital providers, co-lenders and financial partners; and availability of external financing at reasonable rates These assumptions should be considered carefully by readers. The forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements. These risks and uncertainties include, but are not limited to: lower than expected revenue growth in the Company's core business segments; potential for increased competition that could compress profit margins; possibility of higher operating costs than forecasted; risk of economic downturn affecting demand for the Company's services; unforeseen regulatory changes impacting the Company's business model and/or cost structure; delays in realizing anticipated cost synergies or operational efficiencies; risk of market saturation limiting organic growth opportunities; failure to successfully execute planned expansion initiatives; possibility of increased competition in target markets; inability to attract or retain key talent needed for growth; technological changes that could disrupt existing business models; customer acquisition costs increasing beyond projected levels; and the Company being unable to continue as a going concern due to its inability to procure additional liquidity and / or financing on reasonable terms. We do not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. Based on current available information, the Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that those expectations will prove to be correct. The forward-looking statements in this press release are expressly qualified by this statement, and readers are advised not to place undue reliance on the forward-looking statements.
Borneo Post
24-05-2025
- General
- Borneo Post
From classroom to career for 44 Montfort graduates
The graduates, MYTC staff and board of governors. KOTA KINABALU (May 24): Montfort Youth Training Centre (MYTC) held its 24th graduation ceremony for 44 trainees at its residential campus in Kinarut on Saturday. The ceremony was officiated by MYTC boars of governors chairman Tan Sri Bernard Giluk Dompok, witnessed by proud parents, staff, teachers and instructors. Also in attendance were the Brothers of St Gabriel, members of the board of governors, heads of relevant government departments, members of the Malaysian Estate Owners' Association (MEOA), benefactors and friends of Montfort. The graduating cohort comprised 14 trainees from the Motor Mechanics Department who passed their Sijil Kemahiran Malaysia (SKM) examination; ten trainees from the Welding Technologies programme, of whom nine excelled in the 6G SMAW Competency Test conducted by CIDB Technology; 11 trainees from the Facilities Maintenance & Carpentry programme, all of whom also passed their SKM examination; and nine trainees from the Oil Palm Plantation Conductorship programme. In addition to receiving certificates in their respective technical training programmes, the graduates also received a Montfort Certificate for completing a two-year programme in character formation. Notably, some of these graduates had not completed formal secondary education, with a few having only received primary schooling before enrolling in Montfort's programme. Bernard (left) presenting the Best Trainee Award to Luke, while MYTC director Frederick Mah Hon Phing looks on. The Best Trainee Award was awarded to Luke Loning Tokuyuk Neemoh, a 20-year-old from Kampung Tuavon, Penampang. Luke, the eldest of three siblings, showcased outstanding skills and commitment, successfully passing with distinction his Sijil Kemahiran Malaysia (SKM) exam. In addition, he was among the trainees selected to undertake the Malaysian University English Test (MUET). The Academic Achievement Award recognizes Montfort Hostel boarders at San Damiano Boys' Hostel (SDBH), Kiulu, and St Mary Youth Hostel (SMYH), Sandakan, who have demonstrated exceptional or commendable results in their Sijil Pelajaran Malaysia (SPM) exams. Initiated by Bernard, the award aims to inspire boarders to strive for academic excellence and pursue higher educational achievement. This year, the Academic Achievement Award was presented to Braynn Rushell Justin from San Damiano Boys' Hostel (SDBH), Kiulu, and Mark Claveria from St Mary Youth Hostel (SMYH), Sandakan. Despite the uncertainty in the current economic situation, the majority of the graduates had managed to secure employment with members of the Malaysian Estate Owners' Association who established companies based in Sabah, Kuala Lumpur and Labuan under Montfort's Job Placement Scheme. Meanwhile, some graduates have chosen to seek employment independently, while others planned to pursue further studies at various institutions. In July 2025, MYTC is anticipated to welcome 80 new trainees who will embark on their two-year programme at Montfort. On another note, MYTC is excited to host its 16th Montfort House Bazaar on 10th August 2025, followed by the Charity Golf Tournament on 11th October 2025. Both events aim to raise funds for the upkeep and sustenance of its Residential Care Programme and technical skills training. MYTC looks forward to the ongoing and steadfast support of the general public in sustaining its Montfortian Educative Mission in Sabah.
