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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, 2012

30/10/2012 9:56pm

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,
2012.


Comparison of the three months ended August 31, 2012 and August 31, 2011

Revenue was $nil for the three month period ended August 31, 2012 as compared to
$nil for the same period last year. Administrative Expenses were $46,870 for the
three months ended August 31, 2012 as compared to $15,818 for the same period
last year. For the three months ended August 31, 2012, the $48,870 included
approximately $40,000 in professional and advisory expenses and approximately
$7,000 in regulatory related filing expenses, consulting, and sundry
administrative costs. For the three months ended August 31, 2011, the $15,818
included approximately $9,000 in professional and advisory expenses and
approximately $6,000 in regulatory related filing expenses, consulting and
sundry administrative costs.The Corporation incurred interest and bank charges
of $18 for the three months ended August 31, 2012 as compared to interest
expense of $18 for the same period last year. 


As a result of the foregoing factors, the loss for the three months ended August
31, 2012 was $46,888 as compared to a loss of $16,029 for the same period last
year.


Comparison of the six months ended August 31, 2012 and August 31, 2011

Revenue was $nil for the six month period ended August 31, 2012 as compared to
$nil for the same period last year. Administrative Expenses were $53,419 for the
six months ended August 31, 2012 as compared to $36,878 for the same period last
year. For the six months ended August 31, 2012, the $53,419 included
approximately $43,000 in professional and advisory expenses and approximately
$10,000 in regulatory related filing expenses, consulting, and sundry
administrative costs. For the six months ended August 31, 2011, the $36,878
included approximately $28,000 in professional and advisory expenses and
approximately $9,000 in regulatory related filing expenses, consulting and
sundry administrative costs. The Corporation incurred interest and bank charges
of $36 for the six months ended August 31, 2012 as compared to interest expense
of $36 for the same period last year. 


As a result of the foregoing factors, the loss for the six months ended August
31, 2012 was $53,455 as compared to a loss of $37,107 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
E.G. Capital Inc.
William G. Edwards
CFO
(416) 565-0066

1 Year Quantum International Income Corporation Chart

1 Year Quantum International Income Corporation Chart

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1 Month Quantum International Income Corporation Chart