Kingston, Jamaica – November 2, 2010: The three LASCO Affiliated

Companies, which were recently listed on the Jamaica Stock Exchange (JSE) Junior Market, this week, filed their results for the six-month period ended September 30, 2010 with the JSE. All three companies have recorded increases in revenue in 2010, over the corresponding period of the previous year.

LASCO Manufacturing Limited (LML), LASCO Financial Services Limited (LFSL) and LASCO Distributors Limited (LDL) have shown increases in revenue of $186M, $11M and $341M respectively. This translated into net profits of $201M, $11M and $97M for LML, LFSL and LDL respectively. These net profit performances are an increase of $109M for LML and $7M for LDL, with LSFL displaying a decrease of $16M, because of expansionary activities.

Dr. Eileen Chin, Managing Director of LASCO Manufacturing Limited

Dr. Eileen Chin, Managing Director of LASCO Manufacturing Limited recounts that the revenue in the six months totals $1.43B in comparison to $1.24B for the same period last year. She expressed satisfaction that this was accompanied by a corresponding reduction in operating costs. She says the company is pressing ahead with its strategic plans to expand its export markets and manufacturing facilities, and thereby will reduce operational costs, diversify the product and market portfolio with consequent increases in revenue and profitability. She added, “New markets have been identified and contractual agreements are under discussion with prospective distributors.”

Mrs. Jacinth Hall Tracey, Managing Director of LASCO Financial Services

Mrs. Jacinth Hall Tracey, Managing Director of LASCO Financial Services Limited,

Limited, reports that despite the challenges in the foreign exchange market in May and June, which saw a rapid appreciation in the Jamaican Dollar, LFSL was able to grow revenues by 12%. She says over the next two quarters, the company will increase its efforts at expanding its product offerings while engaging in cost reduction strategies. “These new products when launched will enhance market share, provide diversification and add to profitability,” Mrs. Hall-Tracey explains, “Our Payday loan portfolio is set to expand in November and we are now formalizing our arrangements with an institution which will see them adding about ten locations from their group to Lasco MoneyGram Agent network.”

Mr. Anthony Chang, Managing Director of LASCO Distributors Limited

Mr. Anthony Chang, Managing Director of LASCO Distributors Limited explains that “sales of $3.195B were achieved” during the six months and this triggered an 11.3% increase over the same period for 2009. He says total expense to executing sales improved to 14.67% as compared to 15.12% in the prior period.  “Management will continue to have a two pronged approach in managing expenses; cost control and cost reduction initiatives, whilst increasing revenue.”

All three companies are also actively engaged in funding community development projects, which benefit a wide cross section of civil servants, professionals, youth, as well as the average Jamaican.

In commenting on the financial results, Hon. Lascelles Chin, Founder and

Executive Chairman, LASCO, says he is pleased that the three LASCO Affiliated Companies continue to show positive outcomes, despite the local and global economic challenges, which they have faced during the period. “We are happy that we can show these results so soon after our Listing on the Jamaica Stock Exchange Junior Market,” states Mr. Chin. “We want our over 1,500 new shareholders to know how grateful we are for the faith they have shown in the LASCO Affiliated Companies and that we are redoubling our efforts to be worthy of their trust.”

The Executive Chairman commends the employees of the LASCO Affiliated Companies (most of whom are also shareholders), for continuing to show a deep commitment to efficiency and superior customer service. He gives the assurance that customers will continue to receive consistently high quality products and services from the LASCO Affiliates.

The October 12 historic triple listing on the Jamaica Stock Exchange Junior Market by the LASCO Affiliated Companies had an IPO of $2.50 per share, and during three weeks of trading, LASCO Manufacturing share price reached a high of $3.50, recording 40 % increase. Share prices by LASCO Distributors Limited and LASCO Financial Services Limited attained a high of $3.30 and $3.15 respectively during the same period. Since being listed on the Jamaica Stock Exchange Junior Market, trading in the shares of the LASCO Affiliated Companies has dominated that market.