B.C. Pacific Capital Corporation is reporting net income for the six months ended June 30, 2001 as $2,866,000 compared to $2,130,000 for the same period in 2000.

After providing for dividends on the Series 2 preferred shares, the Corporation recorded net income of $977,000 compared to $189,000 in 2000, or 0.60 cents per Class A and Class B common share compared with 0.11 cents for the prior year.

B.C. Pacific Capital Corporation is a British Columbia based merchant bank and investment corporation providing short-term bridge loans, and management services to corporations encountering financial difficulties, requiring merger and acquisition advice or operational evaluations.