Caldwell Partners International Inc. reported unaudited consolidated earnings results for the first quarter ended November 30, 2012. For the period, the company's revenue was CAD 7,417,211 compared to CAD 7,269,878 a year ago. Operating loss was CAD 52,439 compared to CAD 400,805 a year ago. Loss before income taxes was CAD 49,916 compared to CAD 398,537 a year ago. Net loss for the period attributable to owners of the company was CAD 56,021 compared to CAD 444,321 a year ago. Basic and diluted loss per share was CAD 0.003 compared to CAD 0.026 a year ago. Net cash used in operating activities was CAD 885,724 compared to net cash generated from operating activities was CAD 253,853 a year ago. Additions to property and equipment were CAD 28,926 compared to CAD 77,631 a year ago. Fiscal 2013 first quarter operating revenue increased by 2% over the comparable period last year to 7,417. US revenues represent 60% or CAD 4,467 of the first quarter total, decreasing 13% from CAD 5,126 in the comparable period of 2012. Revenues from Canadian operations increased 38% to CAD 2,950 in the current period from CAD 2,144 in the comparable period of 2012.

The Board of Directors also declared the payment of a quarterly dividend of 1.5 cents per Common Share payable on March 15, 2013 to shareholders of record on January 22, 2013.