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

    MONTREAL, March 30 /CNW Telbec/ - For the three-month period ended
January 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
$11,942, consisting primarily of professional fees. Therefore, the Company
closed the first quarter of fiscal 2007 with a net loss of $11,942 or
$0.003 per share, compared with a net loss of $5,456 or $0.001 per share
during the same quarter the previous year. The share capital remained
unchanged, being 4,233,689 Class B shares issued and outstanding.
    Operating activities used cash flows of $12,964 due to the quarter's net
loss and a slight increase in taxes receivable. In regards to financing
activities, MCO reimbursed the $78,004 interest-free advances due to a company
under common control, but contracted new interest-free advances of $20,000
with the parent company. As a result of the various cash flows of the quarter,
the Company's cash decreased by a net amount of $70,968 to stand at $9,195 as
at January 31, 2007, compared with $80,163 on October 31, 2006.
    At the end of the first quarter, total assets stood at $22,068 compared
with $92,774 on October 31, 2006, and consisted of cash and taxes receivable.
Total liabilities, in the amount $48,000, consisted of creditors and fees
payable, in addition to the aforementioned new interest-free advances.
Shareholders' equity showed a deficit of $25,932, compared with a deficit of
$13,990 three 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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