TIMIA Capital Announces Continued Strong Year over Year Revenue Growth

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 28, 2017) - TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX VENTURE:TCA) is pleased to announce its Q1 results for 2017 show continued strong revenue growth in comparison to 2016. Total revenue for Q1, 2017 was $208,879 vs. $105,542 in the same quarter last year, an increase of 98%. The increase is due to the substantial growth of TIMIA's portfolio over the period.

Q1 2016's revenue included $20,000 of advisory income in addition to $85,542 of interest income, while Q1, 2017 was comprised solely of interest income. The Company had a cash balance of $967,391 at the end of Q1, 2017, and expects to utilize those cash resources in the near term via investment into new portfolio companies. As these investments are completed, both interest income and advisory income will be earned.

Total payments received from portfolio companies is another key measure of the Company's progress. These payments comprise both interest and principal repayments, and for Q1 2017 these payments totalled $234,968 vs $86,328 in Q1, 2016. Chart 1 below summarizes TIMIA's annualized cash payments received from our revenue finance investments.

To view Chart 1, please visit the following link: www.marketwire.com/library/20170428-tca0428chart_full.jpg.

All portfolio companies are current in their payments.

TIMIA's non-GAAP measure Adjusted EBITDA⁽¹⁾ improved as well, seeing an increase to $4,138 in Q1, 2017 from ($15,963) in Q1, 2016. The Company expects to see continued improvement in this measure as the portfolio and related interest revenue scale up at a greater rate than operational costs.

Cash-based operating expenditures, not including interest expense and non-cash items such as loan loss provision and share-based compensation increased to $204,727 in Q1, 2017, vs. $121,505 in Q1, 2016. This increase of 68% same quarter, year over year, reflects the addition of a 3rd senior team member, the opening of an office in Waterloo, Ontario, the installation of back office systems, and increased expenditures on brand building and investor relations.

TIMIA's net loss increased in Q1, 2017 was ($133,108) vs. ($86,945) in Q1, 2016. This increased loss reflects increased interest expense and operating expenses, offset by the increase in interest revenue earned.

2017 Outlook

As TIMIA Capital's portfolio matures, the Company looks forward to having a portion of its portfolio companies exercise their buyout options from their revenue finance facilities due either an acquisition or other refinancing. Management expects, that while difficult to forecast, these events will result in an accretive cash event for TIMIA and its shareholders.