E.G. Capital Inc.
NEX BOARD : EGC.H

March 16, 2005 15:33 ET

E.G. Capital Inc. (Formerly National Construction Inc.) Announces Name Change, New Stock Option Plan and Transfer to NEX


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: E.G. CAPITAL INC.

TSX VENTURE SYMBOL: NAT

MARCH 16, 2005 - 15:33 ET

E.G. Capital Inc. (Formerly National Construction
Inc.) Announces Name Change, New Stock Option Plan and
Transfer to NEX

BROSSARD, QUEBEC--(CCNMatthews - March 16, 2005) - E.G. Capital Inc.
(formerly National Construction Inc.) (the "Corporation") (TSX
VENTURE:NAT) announces that effective today, the Corporation has changed
its name from "National Construction Inc." to "E.G. Capital Inc." (the
"Name Change"). The Corporation received shareholder approval for the
Name Change at its annual and special meeting (the "Meeting") which was
held on January 14, 2005 and recently received approval from the TSX
Venture Exchange Inc. ("TSX Venture") for the Name Change. The
Corporation was required to change its name as part of the previously
announced transaction involving the sale of substantially all of the
Corporation's assets to Black & MacDonald Limited (the "Asset Sale").

As a result of the Asset Sale, the Corporation no longer meets the Tier
II maintenance requirements under the policies of TSX Venture and TSX
Venture has advised that the Corporation will be transferred to the NEX
board of the TSX Venture effective March 16, 2005.

The Corporation also announces that at the Meeting, the shareholders
approved a 10% rolling stock option plan in the form attached to the
Information Circular of the Corporation dated December 14, 2004. TSX
Venture has conditionally approved the Corporation's new stock option
plan.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    E.G. Capital Inc.
    William G. Edwards
    Chief Financial Officer
    (450) 444-2405 ext 237
    The TSX Venture Exchange Inc. does not accept responsibility for the
    adequacy or accuracy of this release.