Gulf & Pacific Equities Corp.
TSX VENTURE : GUF

Gulf & Pacific Equities Corp.

April 27, 2007 09:00 ET

Gulf & Pacific Equities Corp. Announces Annual Results for 2006 and Grant of Options

TORONTO, ONTARIO--(CCNMatthews - April 27, 2007) -

NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISTRIBUTION INTO THE UNITED STATES

Gulf & Pacific Equities Corp (TSX VENTURE:GUF) is pleased to announce the three and twelve months financial results for fiscal 2006 and 2005 as summarized below:



Three Months Ended Year Ended
------------------ ----------
(Unaudited) (Audited)
December 31, December 31, December 31, December 31,
2006 2005 2006 2005
----------------------------------------------------------

Revenue $ 581,551 $ 468,387 $ 2,086,323 $ 1,836,699
Loss for the
period (176,308) (42,595) (764,238) (507,302)
Loss per common share
Basic and Diluted (0.02) (0.01) (0.10) (0.07)
Weighted average
number of common
shares outstanding
during the period
Basic and Diluted 8,059,228 7,506,371 7,814,795 7,506,371


In addition, in accordance with the Corporation's stock option plan, the board of directors approved the grant of options totaling 364,000 common shares of the Corporation at an exercise price of $0.30 per share.

Gulf & Pacific Equities Corp. is active in the acquisition, management and development of grocery store-anchored shopping centres in Western Canada.







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

Contact Information

  • Gulf & Pacific Equities Corp.
    Mr. Anthony Cohen
    President and Chief Executive Officer
    (416) 968-3337
    or
    Gulf & Pacific Equities Corp.
    Suite 300, 1300 Bay Street
    Toronto, Ontario, M5R 3K8
    Website: www.gpequities.com