Terra Nova Financial Group Inc. reported earnings results for the first quarter ended March 31, 2008. For the quarter, the company reported net income of $172,127 and net income attributable to common shareholders of $154,553 or $0.01 diluted earnings per share on revenue of $10,949,367 against net income of $976,151 and net income attributable to common shareholders of $961,854 or $0.03 diluted earnings per share on revenue of $11,906,004 for the same period a year ago.

On 04/01/2008, Terra Nova Financial Group, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Terra Nova Financial Group Inc. announced earnings results for the fourth quarter and year ended December 31, 2007. For the quarter, the company reported total revenues of $11,658,465 and net income of $457,054 or $0.02 per share against total revenues of $14,670,996 and net income of $1,816,845 or $0.07 per share for the same period a year ago. Net income attributable to common shareholders of $438,059 against $1,802,548 a year ago. For the year, the company reported total revenues of $49,692,834 and net income of $2,830,801 or $0.10 per share against total revenues of $37,536,289 and net loss of $1,082,282 or $2.85 per share for the same period a year ago. Net income attributable to common shareholders of $2,684,974 against net loss attributable to common shareholders of $(24,840,250) a year ago.