CPVC Blackcomb Inc.
TSX VENTURE : BKC.P

November 29, 2006 21:23 ET

CPVC Blackcomb Inc. Releases Third Quarter Financial Statements

MONTREAL, QUEBEC--(CCNMatthews - Nov. 29, 2006) - CPVC Blackcomb Inc. ("Blackcomb") (TSX VENTURE:BKC.P) today released its unaudited financial statements for the third quarter ended September 30, 2006.

The net income for the third quarter ended September 30, 2006 was $2,998 or $0.0006 per share.



SUMMARY OF INCOME STATEMENT INFORMATION

---------------------------------------------------------------------------
September 30,
Income Statement 2006
---------------------------------------------------------------------------
Interest income $ 13,235

Net income (loss) $ 2,998

Per share - basic and diluted $ 0.0006

Weighted average shares outstanding - basic and diluted 4,850,000
---------------------------------------------------------------------------


SUMMARY OF CASH FLOW INFORMATION

---------------------------------------------------------------------------
September 30,
Cash Flow 2006
---------------------------------------------------------------------------
Cash from operating activities $ (6,460)

Cash from investing activities $ 0

Cash from financing activities $ 0

Increase (decrease) in cash and cash equivalents $ (6,460)

Cash and cash equivalents - beginning $ 1,811,773

Cash and cash equivalents - end $ 1,805,313
---------------------------------------------------------------------------


SUMMARY OF BALANCE SHEET INFORMATION

---------------------------------------------------------------------------
September 30,
Balance Sheet 2006
---------------------------------------------------------------------------
Cash and cash equivalents $ 1,805,313

Total Assets $ 1,845,432

Total Liabilities $ 6,664

Share capital $ 1,845,461

Total Shareholders' Equity $ 1,838,768

Total Liabilities & Shareholders' Equity $ 1,845,432
---------------------------------------------------------------------------


The Company's September 30, 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