Business News

Forum National Investments Reports Record Third Quarter Results

SOURCE:

Forum National Investments Ltd.

2008-08-18 07:41:00

VANCOUVER, BC–(EMWNews – August 18, 2008) – Forum National Investments Ltd. (FNI) (OTCBB: FMNLF) today reported its third quarter financial results for the period

ended June 30, 2008. (All figures in Canadian dollars.)

For the third quarter ended June 30, 2008, FNI reported that revenues rose

nearly tenfold (961%) to $ 7,472,408, while net income rose to $ 4,498,257,

versus revenues and net income of $ 704,391 and $ 23,171, respectively for

the comparable year ago period.

For the nine months ended June 30, 2008, the company reported a 245%

increase in revenues leading to record revenues and net income of $

12,379,138 and $ 5,710,833, respectively as compared to revenues of $

3,582,212 and net income of $ 926,432 for the period ended June 30, 2007.

“Our financial results for the third quarter were extremely robust, and

reflect the strength of our Life Settlement business, which we launched

less than a year ago,” said Dan Clozza, President and CEO, FNI. “We are

focusing our management and financial resources on aggressively, yet

prudently, increasing our Life Settlement portfolio as a means of growing

revenues, profitability and shareholder value.”

About FNI:

Forum National Investments Ltd. (http://www.foruminvestments.com/) is a

publicly held company trading on the OTCBB under the symbol FMNLF. Our

primary business revolves around developing consumer driven organizations

designed to enhance lifestyles. The company’s Life Settlement operations in

the United States are conducted through its wholly owned subsidiary, The

American Life Settlements. (ALSS) http://www.thealss.com/.

For further information contact: Dan Clozza 604-806-6098

The information contained in this news release, other than historical

information, consists of forward-looking statements within the meaning of

Section 27A of the Securities Act and Section 21E of the Exchange Act.

These statements may involve risks and uncertainties that could cause

actual results to differ materially from those described in such

statements. Although Forum believes that the expectations reflected in such

forward-looking statements are reasonable, it can give no assurance that

such expectations will prove to have been correct. Important factors,

including general economic conditions, spending levels and other factors

could cause actual results to differ materially from Forum’s expectations.

For further information contact:
Dan Clozza
604-806-6098

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