Genterra Inc. reports first quarter financial results

    TORONTO, Feb. 28 /CNW/ - Genterra Inc. (TSX Venture - "GIC.A" - Class A)

    Revenues for the three month period ended December 31, 2007, which
include reduced rental rates from new leases, decreased to $616,598 from
$779,935 in the comparable 2006 period. Net Earnings for the period were
$79,184 compared to $198,285 in the comparable 2006 period. Earnings per share
for the period was $0.003 compared with $0.010 in the comparable 2006 period.

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

    "Safe Harbor" statement under the Private Securities Reform Act of 1995:
This release may contain forward-looking statements which reflect management's
current views of future events and operation. These forward-looking statements
are based on assumption and external factors, including assumptions relating
to product pricing, competitive market conditions, financial data and other
risks or uncertainties detailed from time to time in the Company's filings
with the Securities and Exchange Commission. These forward-looking statements
represent the Company's judgement as of the date of this release and any
changes in the assumptions or external factors could produce significantly
different results.

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

For further information:

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

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