Central Capital Corporation -- financial results Central Capital Corporation -- financial results.

TORONTO, Ontario--(BUSINESS WIRE)--Nov. 17, 1995--CENTRAL CAPITAL CORP.(TSE: CEH TSE: CEH ) Central Capital Corporation reported an unaudited net income of $485,000 ($0.02 per share) for the three months ended September 30, 1995 compared to an unaudited net income for the three months ended September 30, 1994 of $145,000 ($0.01 per share).

The Corporation reported an unaudited net income of $2,466,000($0.12 per share) for the nine months ended September 30, 1995 compared to an unaudited net income for the nine months ended September 30, 1994 of $2,293,000 ($0.11 per share).

The allocation and issue of new common shares among the creditors and shareholders provided for in the Corporation's Plan of Arrangement (the "Plan") was not finalized as at September 30, 1995 due to disputed claims and other matters affecting this allocation. These new common shares will be issued over time as disputed claims and other matters are settled by the Court appointed Plan Administrator. Accordingly, the pro-forma income per share calculation is based on the weighted average of 20 million shares, the maximum number of the new class of common shares to be allocated to creditors and shareholders under the Plan, and the number of shares issued pursuant to the Corporation's stock option plan. -0-

                                Three Months      Nine Months
                                    Ended           Ended
                               September 30       September 30
(unaudited, $ thousands)   1995       1994       1995      1994
                          ------    -------      -----    -----

Revenue                   $   272   $   583  $  2,122    $ 3,360
                         ---------  --------  -------    -------

Income before
 income taxes             $   485   $   145  $  2,466    $ 2,293

Income tax expense             0         0          0          0
                         ---------  --------  -------    -------
Net income                $   485   $   145  $  2,466    $ 2,293
                         ---------  --------  -------    -------
                         ---------  --------  -------    -------

Shareholders' Equity      $12,739   $ 9,354  $ 12,739    $ 9,354
                         ---------  --------  -------    -------
                         ---------  --------  -------    -------

Pro-forma income per
  common share            $  0.02   $  0.01  $   0.12    $  0.11

CONTACT: Richard Hazell

Toronto

[phone]