MCO Capital Inc.'s Results for the Third Quarter of Fiscal 2010

MONTREAL, Sept. 21 /CNW Telbec/ - For the three-month period ended July 31, 2010, MCO CAPITAL INC. ("MCO Capital" or "the Company"; ticker symbol MCO.H/NEX) did not record any income and incurred operating expenses of $24,739. Therefore, MCO closed the third quarter of fiscal 2010 with a net loss of $24,739 or $0.002 per share, compared with a net loss of $17,334 or $0.004 per share during the same quarter of the previous year. For the nine-month period ended July 31, 2010, MCO recorded a year-to-date net loss of $111,916 or $0.011 per share, compared with a net loss of $37,405 or $0.009 per share during the same period of the previous year.

For the first nine months ended July 31, 2010, operating activities used total cash of $175,759. On December 16, 2009, MCO closed a private placement of 6,088,040 Class B shares for proceeds of $502,263 in order to finance the expenses associated with the projected acquisition of IOU Central Inc., a company operating a loan platform in the United States. This acquisition is expected to close during the fall of 2010.

As at July 31, 2010, MCO's total assets stood at $417,832, including cash of $327,233. Total liabilities, in the amount of $214,960, consisted primarily of $200,000 interest-free advances from the parent company. Shareholders' equity amounted to $202,872.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information: Philippe Marleau, President, MCO Capital Inc., [phone]