CPVC Blackcomb Inc.
TSX VENTURE : BKC.P

April 27, 2007 18:20 ET

CPVC Blackcomb Inc. Releases December 31, 2006 Year End Financial Statements

MONTREAL, QUEBEC--(CCNMatthews - April 27, 2007) - CPVC Blackcomb Inc. ("Blackcomb") (TSX VENTURE:BKC.P) today released its audited financial statements for the year ended December 31, 2006.

The net loss for the year ended December 31, 2006 was $(56,837) or $(0.0122) per share compared to $(15,143) or $(0.0041) per share for the year ended December 31, 2005.



SUMMARY OF INCOME STATEMENT INFORMATION

----------------------------------------------------------------------------
Income Statement December 31, December 31,
2006 2005
----------------------------------------------------------------------------
Interest income $ 49,990 $ 2,060
Net income (loss) $ (56,907) $ (15,143)
Per share - basic and diluted $ (0.0122) $ (0.0041)
Weighted average shares outstanding - 4,659,260 3,670,000
basic and diluted
----------------------------------------------------------------------------


SUMMARY OF CASH FLOW INFORMATION

----------------------------------------------------------------------------
Cash Flow December 31, December 31,
2006 2005
----------------------------------------------------------------------------
Cash from operating activities $ (55,234) $ 35,497
Cash from investing activities $ (731,400) $ (1,000,000)
Cash from financing activities $ 495,056 $ 1,350,405
Increase (decrease) in cash and cash $ (291,578) $ 385,902
equivalents
Cash and cash equivalents - beginning $ 385,902 $ 0
Cash and cash equivalents - end $ 94,324 $ 385,902
----------------------------------------------------------------------------


SUMMARY OF BALANCE SHEET INFORMATION

----------------------------------------------------------------------------
Balance Sheet December 31, December 31,
2006 2005
----------------------------------------------------------------------------
Cash $ 94,324 $ 385,902
Total Assets $ 1,847,329 $ 1,394,691
Total Liabilities $ 20,398 $ 59,429
Share capital $ 1,827,525 $ 1,350,405
Total Shareholders' Equity $ 1,826,931 $ 1,335,262
Total Liabilities & Shareholders' Equity $ 1,847,329 $ 1,394,691
----------------------------------------------------------------------------


The Company's December 31, 2006 financial statements may be viewed on SEDAR at www.sedar.com

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • CPVC Blackcomb Inc.
    Bill Hess
    President
    (514) 395-1420