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EGC.H Quantum International Income Corporation

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Share Name Share Symbol Market Type
Quantum International Income Corporation TSXV:EGC.H TSX Venture Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

E.G. Capital Inc. Announces Results for the Nine Months Ended November 30, 2010

28/01/2011 10:31pm

Marketwired Canada


E.G. Capital Inc. (TSX VENTURE:EGC.H), ("E.G. Capital"), formally National
Construction Inc., today announces results for the nine months ended November
30, 2010.


Comparison of the nine months ended November 30, 2010 and November 30, 2009.

Revenue was $nil for the nine month period ended November 30, 2010 as compared
to $nil for the same period last year. Administrative Expenses were $11,021 for
the three months ended November 30, 2010 as compared to $11,287 for the same
period last year. For the three months ended November 30, 2010, the $11,021
included approximately $nil in professional and advisory expenses and
approximately $11,021 in regulatory related filing expenses, consulting, and
sundry administrative costs. For the nine months ended November 30, 2010,
administrative expenses were $82,942 as compared to $33,967 for the same period
last year. The $82,942 included approximately $50,618 in professional and
advisory expenses and approximately $32,324 in regulatory related filing
expenses, consulting and sundry administrative costs. The increase is due to
greater legal expenses incurred in pursuing potential opportunities to enhance
shareholder value.


The Corporation incurred interest and bank charges of $79 for the nine months
ended November 30, 2010 as compared to interest expense of $2,637 for the same
period last year. The decrease was largely due to the lower banking service
fees. 


As a result of the foregoing factors, the loss before special items for the nine
months ended November 30, 2010 was $83,021 as compared to a loss before special
items of $36,604 for the same period last year. The Corporation incurred special
items expense of $nil for the nine month period ended November 30, 2010 as
compared to $nil for the same period last year. As a result of the foregoing
factors, the loss for the nine months ended November 30, 2010 was $83,021 as
compared to a loss of $36,604 for the same period last year.


About E.G. Capital Inc.

The Corporation is an inactive company listed on the NEX board of the TSX
Venture Exchange Inc ("the Exchange). The business of the Corporation is to
identify and evaluate businesses or assets with a view to completing a
reactivation transaction on the Exchange.


Following the sale of certain assets in February, 2005, the Corporation did not
engage in any active business other than to preserve and/or convert into cash
any assets remaining with the Corporation and to pursue future shareholder
enhancing opportunities. The Corporation intends to review and pursue
opportunities to unlock the value of its unrecorded future income tax assets.


This press release may contain forward-looking statements relating to the
Corporation. Among the important factors that could cause actual results to
differ materially from those indicated by such forward looking statements are
competitive pressures, technical difficulties, market acceptance, changes in
customer requirements, and general economic conditions, and other risks and
uncertainties as described from time to time in Corporation's reports,
registration statements and filings filed by the Corporation with securities
regulatory authorities.


The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or
accuracy of this release.


The securities of EG being offered have not been, nor will be, registered under
the United States Securities Act of 1933, as amended, and may not be offered or
sold within the United States or to, or for the account or benefit of, U.S.
persons absent U.S. registration or an applicable exemption from U.S.
registration requirements. This release does not constitute an offer for sale of
securities in the United States.


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