Keweenaw Land Association, Limited Announces 2015 Second Quarter Earnings

Keweenaw Land Association, Limited (KEWL: OTC Pink) today announced second quarter earnings for the period ending June 30, 2015. The company reported Net Income of $121,437, or $0.09 per share, versus a Net Loss of $142,174, or $0.11 per share, in the second quarter of 2014. Keweenaw also reported timber sales of $1,547,069 for quarter, up $511,846, or 49%, from the $1,035,223 that the company reported in the comparable period in 2014.

Timber Operations Income for the second quarter, restated in an EBITDA (a non-GAAP measure of operating performance) format beginning this quarter, was $232,793, compared to a loss of $69,853 in the same period in 2014. A comprehensive newsletter detailing operating results is available on the Company’s website at www.keweenaw.com.

About Keweenaw Land Association, Limited: Keweenaw is a forest products and land management company located in Ironwood, Michigan. Keweenaw has land holdings of approximately 168,000 surface acres and over 400,000 acres of mineral rights, located predominantly in the western Upper Peninsula of Michigan. Keweenaw shares trade in the OTC Markets under the Pink directory with 1,297,206 shares outstanding.

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