Genterra Inc. reports year-end financial results

    (TSX Venture - "GIC" - Common)

    TORONTO, Jan. 28 /CNW/ - Revenues for the year ended September 30, 2008
decreased to approximately $2.8 million from $3.1 million in the comparable
2007 period. Net Earnings for the year were $302,659 compared to $879,584 in
the preceding year. Earnings per share for the year was $0.02 compared with
$0.05 in the comparable 2007 period. Net Earnings for the prior year include
the gain on sale of the Company's investment in Synergx Systems Inc.

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

    "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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