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EGC.H   2010-07-30   (provided courtesy of Marketwire.)
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E.G. Capital Inc. Announces Results for the Three Months Ended May 31, 2010


BROSSARD, QUEBEC--(Marketwire - July 30, 2010) - E.G. Capital Inc. (TSX 
VENTURE:EGC.H), ("E.G. Capital"), formally National Construction Inc., 
today announces results for the three months ended May 31, 2010.

Comparison of the three months ended May 31, 2010 and May 31, 2009

Revenue was $nil for the three month period ended May 31, 2010 as compared 
to $13,750 for the same period last year. Administrative Expenses were 
$29,878 for the three months ended May 31, 2010 as compared to $24,771 for 
the same period last year. For the three months ended May 31, 2010, the 
$29,878 included approximately $26,774 in professional and advisory 
expenses and approximately $3,104 in regulatory related filing expenses, 
consulting, and sundry administrative costs. For the three months ended May 
31, 2009, the $24,771 included approximately $20,000 in professional and 
advisory expenses and approximately $5,000 in regulatory related filing 
expenses, consulting and sundry administrative costs. 

The Corporation incurred interest and bank charges of $43 for the three 
months ended May 31, 2010 as compared to interest expense of $274 for the 
same period last year. 

As a result of the foregoing factors, the loss for the three months ended 
May 31, 2010 was $29,921 as compared to a loss of $11,295 for the same 
period last year.

About E.G. Capital Inc.

The Corporation is an inactive company listed on the NEX board of the TSX 
Venture Exchange Inc ("the Exchange). The business of the Corporation is to 
identify and evaluate businesses or assets with a view to completing a 
reactivation transaction on the Exchange.

Following the sale of certain assets in February, 2005, the Corporation did 
not engage in any active business other than to preserve and/or convert 
into cash any assets remaining with the Corporation and to pursue future 
shareholder enhancing opportunities. The Corporation intends to review and 
pursue opportunities to unlock the value of its unrecorded future income 
tax assets.

This press release may contain forward-looking statements relating to the 
Corporation. Among the important factors that could cause actual results to 
differ materially from those indicated by such forward looking statements 
are competitive pressures, technical difficulties, market acceptance, 
changes in customer requirements, and general economic conditions, and 
other risks and uncertainties as described from time to time in 
Corporation's reports, registration statements and filings filed by the 
Corporation with securities regulatory authorities.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

E.G. Capital Inc.
William G. Edwards
CFO
(416) 260-2145 ext 230

The TSX Venture Exchange Inc. does not accept responsibility for the 
adequacy or accuracy of this release.

 

 

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