Gulf & Pacific Equities Corp. - 2nd Quarterly Financial Results

(GUF - TSX Venture Exchange)

TORONTO, Aug. 26 /CNW/ -  The quarterly financial results for fiscal 2005
and fiscal 2004 are summarized below:

<<
                              Three Months Ended       Six Months Ended
                                 (unaudited)             (unaudited)
                                  June 30th               June 30th
                              2005        2004        2005        2004
                              ----        ----        ----        ----

Revenue                      444,863     468,282     920,717     936,534
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Loss for the period         (223,035)    (94,723)   (314,062)   (127,036)
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Loss per common share -
 basic and diluted             (0.03)      (0.01)      (0.04)      (0.02)
                           ----------------------------------------------
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Weighted average number of
 common shares outstanding
 during the period - basic
 and diluted               7,506,371   7,506,371   7,506,371   7,506,371
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Gulf & Pacific Equities Corp. is active in the acquisition, management
and development of grocery store-anchored shopping centres in Western Canada.

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