CPVC Financial Corporation
TSX VENTURE : LHB

November 14, 2008 18:17 ET

CPVC Financial Corporation Releases Third Quarter Financial Statements

MONTREAL, QUEBEC--(Marketwire - Nov. 14, 2008) - CPVC Financial Corporation (TSX VENTURE:LHB) ("CPVC Financial") today released its unaudited consolidated financial statements for the third quarter ended September 30, 2008.

The net loss for the third quarter ended September 30, 2008 was $(744,137) or $(0.010) per share.



SUMMARY OF INCOME STATEMENT INFORMATION

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Income Statement September 30, September 30,
2008 2007
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Revenues $(566,295) $2,193,630
Net earnings (loss) $(744,137) $1,489,782
Per share - basic $(0.010) $0.019
Per share - diluted $(0.010) $0.018
Weighted average shares outstanding -
Basic 75,993,616 77,421,947
Diluted 75,993,616 80,471,131
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SUMMARY OF CASH FLOWS INFORMATION

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Cash Flows September 30, September 30,
2008 2007
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Operating activities $212,905 $336,680
Investing activities $48,504 $(216,597)
Financing activities $(150,000) $(213,988)
Increase (decrease) in cash $111,409 $(93,905)
Cash - beginning of quarter $38,581 $186,465
Cash - end of quarter $149,990 92,560
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SUMMARY OF BALANCE SHEETS INFORMATION

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Balance Sheets September 30, December 31,
2008 2007
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Cash and cash equivalents $149,990 $622,408
Total Assets $6,072,266 $7,648,507
Total Liabilities $2,437,036 $1,810,190
Share Capital $3,848,256 $3,848,256
Total Shareholders' Equity $3,635,230 $5,838,317
Total Liabilities & Shareholders' Equity $6,072,266 $7,648,507
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The Company's September 30, 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 Financial Corporation
    Alain Lambert
    President
    (514) 395-1191