Trading Symbol: FFP
VANCOUVER, May 30 /CNW/ - Consolidated Firstfund Capital Corp. is pleased to announce its results from operations for its first quarter ended March 31, 2007. The financial results of the Company for the three months ended March 31, 2007 show a loss of $60,392 or $0.01 per share compared to a loss of $18,597 or $0.00 per share for the same period last year. Operating revenues increased slightly to $126,104 for the three months ended March 31, 2007 compared to $124,120 for the three months ended March 31, 2006.
The Company's fee income was $124,820 for the three months ended March 31, 2007 (2006 - $123,073) as no additional fee income, above and beyond the Company's monthly administration fee billed to Gold Star Resorts Inc. (US$35,000 per month), was received in the first quarter of 2007.
The Company's interim consolidated financial statements and management's discussion and analysis for the three months ended March 31, 2007 are available on SEDAR at www.sedar.com.
On behalf of the Board of
CONSOLIDATED FIRSTFUND CAPITAL CORP.
William N. Grant (signed)
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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