Trading Symbol: FFP
VANCOUVER, Nov. 29 /CNW/ - Consolidated Firstfund Capital Corp. is
pleased to announce its results from operations for its third quarter ended
September 30, 2005. For the three months ended September 30, 2005, the Company
earned $53,908 or $0.01 per share (2004 - $54,775 or $0.01 per share) on
revenues of $186,915 (2004 - $203,898). The Company's fee income was $186,583
for the three months ended September 30, 2005 (2004 - $163,801).
The Company earned $544,575 or $0.09 per share during the nine months
ended September 30, 2005 compared to $96,115 or $0.02 per share for the same
period last year. Operating revenues increased to $1,140,348 for the nine
months ended September 30, 2005 (2004 - $590,948).
The Company's fee income has increased to $860,425 for the nine months
ended September 30, 2005 (2004 - $545,967). The Company's monthly fee income
billed to Gold Star Resorts Inc. has increased to US$35,000 in 2005 (2004 -
US$10,000 per month). The monthly fee income increase represents additional
property development and property management responsibilities in Whatcom
County, Washington. The Company also has received from Gold Star US$265,000
for additional project administration relating to the Sandcastle Resort
project and US$50,000 for organizing the 68-unit condominium project during
the first nine months of 2005. An additional US$75,000 was received during the
first quarter for the Company's successful property rezone of the 160-acre
subdivision at SR 548 - Blaine Road in Whatcom County, Washington.
The Company's interim consolidated financial statements and management's
discussion and analysis for the nine months ended September 30, 2005 are
available on SEDAR at www.sedar.com.
On behalf of the Board of
CONSOLIDATED FIRSTFUND CAPITAL CORP.
William N. Grant (signed)
-------------------------
William N. Grant, President & CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
%SEDAR: 00002533E
