Beaumont Select Corporations Inc (TSX VENTURE:BMN.A) recently released its first
quarter results. The first quarter continued an upward trend in the equity
portfolio, while the food division result continued to show the pricing
pressures brought on by both suppliers and customers. Net income for the quarter
was $578 thousand (4 cents per share) compared to $874 thousand (5 cents per
share) during the first quarter of prior year.


The Investment Division generated a total investment gain of $850 thousand
comprised mainly of increased unrealized gains of $361 thousand, and $268
thousand in realized gains. In addition, the equity portfolio generated
investment income from dividends of $306 thousand, well surpassing the margin
interest expense of $85 thousand. During the quarter the TSX Composite index
increased by 9.5%, while the equity portion of the portfolio (total securities
less margin loan) grew 10% from $8.4 million as of June 30th to $9.247 million
at September 30, 2010.


Revenue in the Food Division decreased 3.4% with declines in the US sales
continuing to affect results. Rising input costs continued to affect results
negatively.


FINANCIAL HIGHLIGHTS

The Corporation's financial results for the three months ended September 30,
2010 compared to the same period in the previous fiscal year included the
following:




--  A rising stock market has resulted in the following changes to the
    portfolio of equity securities: 

$ millions                     Sep 30, 2010    Jun 30, 2010    3 mo. Change 
                             -----------------------------------------------
Portfolio value                     $18.315        $ 16.833            8.8% 
Margin Loan                           9.068           8.424            7.6% 
Equity in Portfolio                   9.247           8.409           10.0% 

--  Sales decreased by 3.4% in the first quarter compared to the first
    quarter 2009- 10. New US customers have not yet replaced a key account
    lost last year. 
--  Operating margin has decreased to 6.9% from 7.7% for the first quarter
    last year 
--  Net income is $578 thousand or 4 cents per share, compared to an income
    of $874 thousand or 5 cents per share for the prior period last year. 

Financial Highlights                                                        
$ Thousands (except per share data)                                         
                                                     Three Months Ended     
----------------------------------------------------------------------------
                                                   Sept 2010       Sept 2009
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
Net Sales                                             $4,861          $5,033
Operating Income (Loss)                                  331             389
Net Income (Loss)                                        578             874
Net Income (Loss) per share -basic                      0.04            0.05
Net Income (Loss) per share -diluted                    0.04            0.05
Funds from (required by) Operations                      236             181
Funds from operations per share - basic                 0.01            0.01
Funds from operations per share - diluted               0.01            0.01
EBITDA                                                 1,005           1,225
EBITDA per share - basic                                0.06            0.07
EBITDA per share - diluted                              0.06            0.07
                                                            As at           
                                             -------------------------------
                                                   Sept 2010       June 2010
                                             -------------------------------
                                             -------------------------------
Total Assets                                         $36,069         $34,616
Total Long-Term Debt                                     614             638
Shareholder's Equity                                 $16,542         $20,273
                                                                            
Shares outstanding                                16,348,597      16,379,097



As of December 3, 2010, the equity investments under management have climbed to
$19.706 million, while margin loans have increased to $10.248 million, resulting
in a net equity value of $9.458 million in marketable securities.


Beaumont Select Corporations Inc is management and investment corporation with
investments in the food industry, as well as a portfolio of equity securities.
Beaumont Select is listed on the TSX Venture exchange under the ticker symbol
BMN.A.