Difference Capital Announces Financial Results for Year-End December 31, 2012

Marketwired

TORONTO, ONTARIO--(Marketwired - Apr 19, 2013) - Difference Capital Funding Inc. ("DCF") (TSX VENTURE:DCF) today announces its financial results for the year ended December 31, 2012 in which it achieved the following core results for its shareholders:

Highlights of 2012 and Financial Results
Name change to Difference Capital Funding Inc. & change in business focus
$85 million in equity capital raised
Revenue of $7.8 million
Net income of $4.3 million
Shareholders' equity of $90 million at December 31, 2012
New management turns company around

For the year ended December 31, 2012, DCF had revenue of $7.8 million and net income of $4.3 million. DCF's time weighted return on equity for the 7 months from May 30, 2012 to the end of the year was 9.5% (or 16.9% on an annualized basis).

Since new management assumed operations in June 2012, DCF has deployed $68 million in 7 core investments and 12 smaller strategic investments and has developed a successful opportunistic trading portfolio.

In less than seven months, DCF's manager has grown an adjunct advisory business from start-up to 12 advisory clients representing $1.2 million in expected fee revenue, adding to DCF's cash flow in 2013. This business is expected to continue to grow throughout the year.

DCF has established a client focused merchant bank with equity capital of $90 million within its first year of operation and anticipates continued growth and positive returns for its shareholders.

Executive Chairman, Mike Wekerle, said of the 2012 financial results, "DCF is a rapidly growing, profitable publicly traded company that has an exciting story to share with its investors. We experienced outstanding performance in our first year. These results reflect the exceptional strength of our team and the clear need for a uniquely positioned merchant bank in the technology, media and healthcare sectors."

Chief Financial Officer, Henry Kneis, said, "Since new management assumed control of the company in June of 2012, we have gone from operating with inherited significant losses to generating significant positive revenue."

The audited annual financial statements and Management's Discussion and Analysis are available at www.sedar.com.

About Difference Capital Funding Inc.

Difference Capital Funding Inc. is a public-listed, Toronto-based merchant bank focused on creating shareholder value through strategic investments in, and advisory services for, growth companies, particularly in the technology, media and healthcare sectors, as well as opportunistic investments in undervalued financial assets and real property.

On May 24, 2012 Difference Capital Funding was established as a merchant bank, with a new management team and changed strategic plan. Prior to this date, the company operated as TriNorth Capital Inc., an investment company with a focus on the agricultural sector.

Cautionary Notes

This release includes forward-looking statements regarding DCF and its business. Such statements are based on the current expectations and views of future events of DCF's management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release and the anticipated growth of the DCF business, may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the company, including risks regarding achieving investment objectives, economic factors and the equity markets generally and many other factors beyond the control of DCF. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and DCF undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Contact:
Difference Capital Funding Inc.
Neil Johnson
Chief Executive Officer
416 649 5088
www.differencecapital.com

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