Calotto Capital Inc.
TSX VENTURE : TTO.P

December 30, 2008 16:31 ET

Calotto Capital Inc. Releases Third Quarter Financial Results

TORONTO, ONTARIO--(Marketwire - Dec. 30, 2008) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES.

Calotto Capital Inc. (TSX VENTURE:TTO.P) ("Calotto") has released its financial results for the third quarter ended October 31, 2008.

The full text of the unaudited interim financial statements is included with Calotto's Quarterly Report posted on the SEDAR website at www.sedar.com.

Calotto is a capital pool company governed by the policies of the TSX Venture Exchange. Calotto's principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction.

Dean Gendron, Chief Executive Officer of Calotto stated that "Despite recent challenging market conditions, our management and the board of directors are pleased by the quality of the businesses which continue to be interested in going public through the capital pool program. We remain focused on continuing to search out and meet with new companies in order to identify and close a quality transaction."

Investors are cautioned that trading in the securities of a capital pool company should be considered to be highly speculative. Calotto Capital Inc. is a capital pool company governed by the policies of TSXV. Its principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction.

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

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