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FTII Shares Gain 22% in First Year
1. Our First Year
Fundamental Technologies II Corp. (FTII) was incorporated on June 9, 2005. At the end of our first year, we've begun to build our portfolio and are encouraged by some early, unrealized gains.
At June 30, 2006, our Net Asset Value per Share was $12.23 - a 22.3% gain for our first shareholders who invested at $10.00.
Our fund raising strategy is to grow optimally; accepting new subscriptions at about the same rate as we can invest capital in what we think are outstanding companies. If we execute well, this strategy should help to provide higher returns for our shareholders.
2. Expenses
Part of our mission at FTII is to keep costs as low as possible. We are proud that in our startup year, after expensing everything, our total expenses as a percentage of year-end assets was 0.43%.
3. Our Portfolio
At June 30, 2006 we have four companies in our portfolio:
ParaSun Technologies - our first, full-sized investment was into ParaSun Technologies. This New Westminster based company is the American market leader in providing high speed internet services in partnership with cable TV operators. ParaSun provides high speed data to 100,000 homes and businesses in over 180 communities in North America. ParaSun is very profitable and growing cash flow at 30% per year. Visit ParaSun's website at www.parasun.com.
Visiphor Corporation - we made a first, small investment into Visiphor Corporation late in 2005. Visiphor enables organizations to easily integrate and view data spread across multiple locations, platforms and formats. In November, Visiphor completed an acquisition of Sunaptic Solutions, a Vancouver-based IT services firm. Visit Visiphor's website at www.visiphor.com.
Backbone Systems and Networks - we were the lead investor in this startup company and just invested again. Backbone is capitalizing on one of the biggest trends in technology - the transformation of hardware and software from a capital asset to a pay-as-you-go service. Visit Backbone's website at www.backbonesystems.ca.
MetroBridge Networks - our most recent investment was into this Vancouver-based, wireless broadband company. MetroBridge has deployed a fixed broadband wireless network that covers over 2,000 square kilometers of the greater Vancouver district. They provide high speed internet connections that are faster, less expensive and more reliable than the legacy wireline providers. This company's website is accessible at www.metrobridge.com.
Our team is working hard to generate what we hope will be outstanding returns for our shareholders.
Please call or e-mail us anytime if you have questions, comments or suggestions.
 Dr. Basil Peters CEO and Director |
 Rick Peterson President and Director |