CPVC Bromont Inc.
TSX VENTURE : BBB.P

April 30, 2009 19:34 ET

CPVC Bromont Inc. Releases December 31, 2008 Financial Statements

MONTREAL, QUEBEC--(Marketwire - April 30, 2009) - CPVC Bromont Inc. ("Bromont") (TSX VENTURE:BBB.P) today released its audited financial statements for the year ended December 31, 2008.

The net loss for the year ended December 31, 2008 was ($46,658) or ($0.024) per share compared to a net loss of ($50,641) or ($0.044) per share for the year ended December 31, 2007.



SUMMARY OF INCOME STATEMENT INFORMATION

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Income Statement December 31, December 31,
2008 2007
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Interest income $ 7,337 $ 765
Net income (loss) ($46,658) ($50,641)
Per share - basic and diluted ($0.024) ($0.044)
Weighted average shares outstanding 1,960,000 1,152,308
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SUMMARY OF CASH FLOWS INFORMATION
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Cash Flows December 31, December 31,
2008 2007
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Cash used in operating activities ($41,998) ($15,729)
Cash from investing activities $ 0 $ 0
Cash from financing activities $ 0 $ 265,739
Increase (decrease) in cash and cash
equivalents ($41,998) $ 250,010
Cash and cash equivalents - beginning of
year $ 250,010 $ 0
Cash and cash equivalents - end of year $ 208,012 $ 250,010
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SUMMARY OF BALANCE SHEET INFORMATION
Balance Sheet December 31, December 31,
2008 2007
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Cash and cash equivalents $ 208,012 $ 250,010
Total Assets $ 208,367 $ 251,295
Total Liabilities $ 16,683 $ 12,953
Share capital $ 370,000 $ 370,000
Total Shareholders' Equity $ 191,684 $ 238,342
Total Liabilities & Shareholders' Equity $ 208,367 $ 251,295
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The Company's December 31, 2008 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 Bromont Inc.
    Bill Hess
    President
    (514) 395-1420