Damian Capital Corp.
NEX BOARD : DME.H

May 30, 2006 19:15 ET

Damian Capital Corp. Releases First Quarter Financial Statements

MONTREAL, QUEBEC--(CCNMatthews - May 30, 2006) - Damian Capital Corp. ("Damian") (NEX BOARD:DME.H) released today its unaudited financial statements for its first quarter ended March 31, 2006.

The net loss for the first quarter ended March 31, 2006 was $35,180.



SUMMARY OF INCOME STATEMENT INFORMATION
------------------------------------------------------------------------
Three months Three months
ended March 31, ended March 31,
Income Statement 2006 2005
------------------------------------------------------------------------
Interest (income) $ 3,015 $ 1,660
Net income (loss) $ (35,180) $ (9,183)
Per share - basic and diluted $ (0.0015) $ (0.0005)
Weighted average shares
outstanding - basic 23,921,380 18,536,765
------------------------------------------------------------------------


SUMMARY OF CASH FLOW INFORMATION
------------------------------------------------------------------------
Three months Three months
ended March 31, ended March 31,
Cash Flow 2006 2005
------------------------------------------------------------------------
Cash from operating activities $ (16,240) $ (7,580)
Cash from investing activities $ 0 $ 0
Cash from financing activities $ 0 $ 0
Increase (decrease) in cash and cash
equivalents $ (16,240) $ (7,580)
Cash and cash equivalents - beginning
of period $ 626,017 $ 351,630
Cash and cash equivalents - end of
period $ 609,777 $ 344,050
------------------------------------------------------------------------


SUMMARY OF BALANCE SHEET INFORMATION
------------------------------------------------------------------------
Balance Sheet March 31, 2006 December 31, 2005
------------------------------------------------------------------------
Cash and cash equivalents $ 609,777 $ 626,017
Total Assets $ 619,354 $ 640,725
Total Liabilities $ 20,068 $ 6,259
Share capital $ 3,485,071 $ 3,485,071
Total Shareholders' Equity $ 599,286 $ 634,466
Total Liabilities & Shareholders'
Equity $ 619,354 $ 640,725
------------------------------------------------------------------------


The Company's March 31, 2006 financial statements may be viewed on SEDAR at www.sedar.com.


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

Contact Information

  • Damian Capital Corp.
    Alain Lambert
    President
    (514) 392-9419