Genterra Capital Inc. ("GCI") reports second quarter financial results

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

TORONTO, May 24, 2012 /CNW/ - Effective October 1, 2011, GCI began preparing its consolidated financial statements in accordance with International Financial Reporting Standards, with retroactive restatement of comparative figures. For more information, please refer to the Company's December 31, 2011 quarterly unaudited interim financial statements and management's discussion and analysis thereon.

Revenues for the six month period ended March 31, 2012 decreased to $1,650,877 from $1,660,529 in the comparable 2011 period. Net Earnings for the period were $184,798 compared to $46,791 in the comparable 2011 period.  Earnings per share for the period was $0.02 compared with $0.00 in the comparable 2011 period.

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

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

Stan Abramowitz, Secretary
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