Genterra Inc. reports first quarter financial results

Genterra Inc. (TSX Venture - "GIC" - Common)

TORONTO, Feb. 25 /CNW/ - Revenues for the three month period ended December 31, 2009 increased to approximately $910,054 from $591,506 in the comparable 2008 period. Current period revenues were positively impacted by an increase in investment income due to the improved performance of the equity markets. Net Earnings for the period were $34,665 compared to $195,659 in the comparable 2008 period. Earnings per share for the period was $0.002 compared with $0.010 in the comparable 2008 period. The 2008 earnings were favourably impacted by gain on foreign exchange during the first quarter of fiscal 2009.

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

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