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Envoy Capital Group Inc.

03:43 PM EST - Envoy Capital Group Inc. : released its financial results for the first quarter of fiscal 2011. Envoy earned net income of $700,000 or $0.09 cents per fully diluted share compared with a net loss of ($4.0) million or ($0.47) per fully diluted share for the same quarter last year. Included in the results for fiscal 2010 is approximately $2.4 million in one-time restructuring costs. The per-share calculations are based on fully diluted, weighted average shares outstanding of approximately 8.0 million for the current quarter and 8.6 million for the prior year. Envoy Capital Group Inc. shares T.ECG are trading up $0.46 at $1.49.