Exchange Income Corporation Provides Press Release Correction

WINNIPEG, Aug. 14, 2013 /CNW/ - Exchange Income Corporation (TSX:  EIF) (the "Corporation"), announced today a correction to the press release issued on August 13, 2013 entitled "Exchange Income Corporation Reports Financial Results for Q2 2013."

The original press release referenced that the pre-existing Aviation segment companies, excluding the contributions of Regional One, grew EBITDA by 19% to $14.5 million from the second quarter of 2012. The statement should have read that EBITDA for the pre-existing Aviation segment companies, excluding the contributions of Regional One, grew EBITDA by 11% to $15.7 million from the second quarter of 2012. This also changes the organic growth in EBITDA for our Aviation segment to 11%, not 19% as stated in the first quote within the press release.

All other details of the press release dated August 13, 2013 remain in effect.

About Exchange Income Corporation
Exchange Income Corporation is a diversified acquisition-oriented company, focused on opportunities in the industrial products and transportation sectors which are ideally suited for public markets except for their size. The strategy of the Corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets in Canada and/or the United States.

The Corporation is currently operating in two niche business segments: aviation and specialty manufacturing. The aviation segment consists of the operations by Perimeter Aviation, Keewatin Air, Calm Air International, Bearskin Lake Air Service, Custom Helicopters and Regional One, and the specialty manufacturing segment consists of the operations by Jasper Tank, Overlanders Manufacturing, Water Blast Manufacturing, Stainless Fabrication and WesTower Communications. For more information on the Corporation, please visit www.exchangeincomecorp.ca.

Additional information relating to the Corporation, including all public filings, is available on SEDAR (www.sedar.com). 

SOURCE: Exchange Income Corporation

Mike Pyle 
President and CEO 
Exchange Income Corporation 
[phone] 
[email protected]

Joe Racanelli 
Investor Relations
TMX Equicom 
[phone] Ext. 243 
[email protected]