Business NewsMarketWire • SKANA Reports Financial Results for the Nine-Month Period Ended December 31, 2009

SKANA Reports Financial Results for the Nine-Month Period Ended December 31, 2009

SKANA Reports Financial Results for the Nine-Month Period Ended December 31, 2009

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2010) - SKANA Capital Corp. (TSX VENTURE:SKN). SKANA Capital Corp. ("SKANA") announces release of its unaudited interim consolidated financial statements. For the nine-month period ended December 31, 2009, the Company had a consolidated loss of $762,600 ($0.01 basic and diluted loss per common share) compared to consolidated loss of $16,117,462 ($0.31 basic and diluted loss per common share) for the comparative nine-month period in 2008. The loss in the current period included due diligence and other costs in the amount of $381,092 which were related to the proposed acquisition by SKANA of Bus and Coach International, which was subsequently abandoned.

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SKANA Reports Financial Results for the Nine-Month Period Ended December 31, 2009