Genterra Capital Inc. reports second quarter financial results for Genterra

TORONTO, May 27 /CNW/ - Genterra Capital Inc. (TSXV: "GIC") announced today the second quarter financial results for Genterra Inc., one of its pre-amalgamation predecessor corporations.

Net earnings for the six months ended March 31, 2010 was $59,640 compared to a net loss of $22,398 in the comparable 2009 period. Earnings per share for the period was $0.003 compared to a loss per share of $0.001 in the comparable 2009 period.

As previously announced, effective May 10, 2010, Consolidated Mercantile Incorporated and Genterra Inc. amalgamated to form Genterra Capital Inc. The common shares of Genterra Inc. were delisted from the TSX Venture Exchange at the close of business on May 13, 2010 and the common shares of Genterra Capital Inc. commenced trading under the stock symbol "GIC" at the commencement of trading on the TSX Venture Exchange on May 14, 2010.

Genterra Capital Inc. is a management holding company whose assets include rental real estate properties and investments.

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

SOURCE Genterra Capital Inc.

For further information: For further information: Stan Abramowitz, Secretary, (416) 920-0500

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