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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 Three Months Ended August 31, 2010

29/10/2010 10:52pm

Marketwired Canada


E.G. Capital Inc. (TSX VENTURE:EGC.H), ("E.G. Capital"), formally National
Construction Inc., today announces results for the three months ended August 31,
2010.


Comparison of the three months ended August 31, 2010 and August 31, 2009.

Revenue was $nil for the six month period ended August 31, 2010 as compared to
the same period last year. Administrative Expenses were $42,043 for the three
months ended August 31, 2010 as compared to $11,658 for the same period last
year. For the three months ended August 31, 2010, the $42,043 included
approximately $26,118 in professional and advisory expenses and approximately
$15,925 in regulatory related filing expenses, consulting, and sundry
administrative costs. For the six months ended August 31, 2010 the $71,921
included approximately $50,618 in professional and advisory expenses and
approximately $21,303 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 $61 for the six months
ended August 31, 2010 as compared to interest expense of $2,619 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 six
months ended August 31, 2010 was $71,982 as compared to a loss before special
items of $25,298 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.


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