CFM Corporation

CFM Corporation

March 21, 2005 18:31 ET

CFM Corporation Update On First Quarter Financial Results


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CFM CORPORATION

TSX SYMBOL: CFM

MARCH 21, 2005 - 18:31 ET

CFM Corporation Update On First Quarter Financial
Results

MISSISSAUGA, ONTARIO--(CCNMatthews - March 21, 2005) - CFM Corporation
(TSX:CFM) previously announced that it would be late in filing its
unaudited interim financial statements and related management discussion
and analysis for its first quarter of fiscal 2005. CFM announced today
that it continues to anticipate that it will disclose its interim
financial statements by March 31, 2005.

CFM also announced that it has filed its annual audited consolidated
financial statements for fiscal 2004 on SEDAR (www.sedar.com) together
with the related annual information form and management discussion and
analysis.

Investors and shareholders of CFM are urged to read the management
information circular for the annual and special meeting of shareholders
to be held on April 8, 2005, which is also available on SEDAR.

This press release contains forward looking statements that involve
certain risks and uncertainties which could cause actual results to
differ materially from future results expressed or implied by such
forward looking statements. Important factors that could affect these
statements include, without limitation, general economic conditions,
consumer confidence, the level of housing starts and demographics, CFM's
ability to develop new products, patent protection, weather and related
customer buying patterns and manufacturing issues, industry capacity,
product liability, availability of gas and gas prices, mass merchant
consolidation, credit and collections, supply and cost of raw materials,
steel availability and pricing, purchased parts and personnel, costs of
certain employee benefits, the inability to increase selling prices as
costs increase, competition, foreign currency fluctuations and
government regulation. These factors and other risks and uncertainties
are discussed in detail in CFM's Annual Information Form dated March 11,
2005 and in the reports and disclosure documents filed by CFM with
Canadian and U.S. securities regulatory authorities and commissions.
Statements made in this press release are made as of March 21, 2005 and
CFM disclaims any intention or obligation to update or revise any
statements made herein, whether as a result of new information, future
events or otherwise.

CFM is a leading integrated manufacturer of home products and related
accessories in North America and the United Kingdom. CFM designs,
develops, manufactures and distributes a line of hearth and space
heating products, barbecue and outdoor products and water and air
purification products. CFM maintains an ongoing program of research and
development aimed at continually improving the quality, design, features
and efficiency of its products.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    CFM Corporation
    Colin M. Adamson
    Chairman and Chief Executive Officer
    (905) 670-7777 ext. 2419
    or
    CFM Corporation
    J. David Wood
    Vice President and Chief Financial Officer
    (905) 670-7777 ext. 2419
    (905) 670-7915 (FAX)
    cfm@cfmcorp.com
    www.cfmcorp.com