MCO Capital Inc.'s Results for the Third Quarter of Fiscal 2007



    MONTREAL, Sept. 21 /CNW Telbec/ - For the three-month period ended
July 31, 2007, MCO CAPITAL INC. ("MCO Capital" or "the Company"; ticker symbol
MCO.H/NEX) did not record any income and incurred operating expenses of
$18,255 consisting primarily of professional fees. During the same quarter in
2006, the Company had recorded no income and had incurred operating expenses
of $12,729. Therefore, the Company closed the third quarter of fiscal 2007
with a net loss of $18,255 or $0.004 per share, compared with a net loss of
$12,729 or $0.003 per share during the same quarter the previous year. The
share capital remained unchanged, being 4,233,689 Class B shares issued and
outstanding. For the nine-month period ended July 31, 2007, MCO Capital did
not record any income and incurred operating expenses totaling $46,350 and
consisting primarily of professional fees. During the same period in 2006, the
Company had recorded no income and cumulated operating expenses of $47,304.
Therefore, the Company posted a total net loss of $46,350 or $0.011 per share
in 2007, compared with a net loss of $47,304 or $0.011 per share during the
same period of the previous year.
    Since the beginning of fiscal 2007, operating activities have used cash
flows of $61,528 (compared with $37,148 the prior year), due to the period's
net loss and the decrease in current liabilities, mainly the payment of
accounts payable and accrued liabilities. In regards to financing activities,
MCO reimbursed $78,004 interest-free advances due to a company under common
control, and contracted new interest-free advances of $70,000 with a
shareholder company, $20,000 of which in the first quarter, $10,000 in the
second and $40,000 in the third. As a result of the various cash flows of the
period, the Company's cash decreased by a net amount of $69,532 to stand at
$10,631 as at July 31, 2007, compared with $80,163 on October 31, 2006.
    At the end of the third quarter of fiscal 2007, total assets stood at
$26,060 compared with $92,774 on October 31, 2006, and consisted of cash and
taxes receivable. Total liabilities, in the amount $86,400, consisted mainly
of the aforementioned interest-free advances, in addition to creditors and
fees payable. Shareholders' equity showed a deficit of $60,340, compared with
a deficit of $13,990 nine months earlier.
    Board members and officers are currently considering various alternatives
in regards to the Company's future.




For further information:

For further information: Philippe Marleau, President, MCO Capital Inc.,
(514) 397-0188

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MCO CAPITAL INC.

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