CPVC Blackcomb Inc.
TSX VENTURE : BKC.P

May 30, 2006 19:04 ET

CPVC Blackcomb Inc. Releases First Quarter Financial Statements

MONTREAL, QUEBEC--(CCNMatthews - May 30, 2006) - CPVC Blackcomb Inc. ("Blackcomb") (TSX VENTURE:BKC.P) today released its unaudited financial statements for the first quarter ended March 31, 2006.

The net loss for the first quarter ended March 31, 2006 was $133,134 or ($0.031) per share.



SUMMARY OF INCOME STATEMENT INFORMATION

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Income Statement March 31, 2006
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Interest income $7,985
Net income (loss) ($133,134)
Per share - basic and diluted ($0.031)
Weighted average shares outstanding - basic and diluted 4,338,666
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SUMMARY OF CASH FLOW INFORMATION

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Cash Flow March 31, 2006
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Cash from operating activities ($55,263)
Cash from investing activities $0
Cash from financing activities $494,521
Increase (decrease) in cash and cash equivalents $439,258
Cash and cash equivalents - beginning $1,385,902
Cash and cash equivalents - end $1,825,160
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SUMMARY OF BALANCE SHEET INFORMATION

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Balance Sheet March 31, 2006
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Cash and cash equivalents $1,825,160
Total Assets $1,840,252
Total Liabilities $8,889
Share capital $1,844,926
Total Shareholders' Equity $1,831,363
Total Liabilities & Shareholders' Equity $1,840,252
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The Company's March 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) 392-9420