CPVC FINANCIAL INC.
NEX BOARD : DME.H

November 29, 2006 20:39 ET

CPVC Financial Inc. Releases Third Quarter Financial Statements

MONTREAL, QUEBEC--(CCNMatthews - Nov. 29, 2006) - CPVC Financial Inc. (NEX BOARD:DME.H) ("Financial") (formerly Damian Capital Corp.) released today its unaudited financial statements for its third quarter ended September 30, 2006.

The net loss for the second quarter ended September 30, 2006 was $45,137.



SUMMARY OF INCOME STATEMENT INFORMATION

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Three months Three months
ended September ended September
Income Statement 30, 2006 30, 2005
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Interest (income) $ 1,988 $ 2,235

Net income (loss) $ (44,729) $ (13,406)

Per share - basic and diluted $ (0.002) $ (0.001)

Weighted average shares outstanding
- basic and diluted 26,996,380 23,921,380
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SUMMARY OF CASH FLOW INFORMATION

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Three months Three months
ended September ended September
Cash Flow 30, 2006 30, 2005
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Cash from operating activities $ (9,974) $ (26,569)

Cash from investing activities $ (428,716) $ 0

Cash from financing activities $ 0 $ 0

Increase (decrease) in cash and cash
equivalents $ (438,690) $ (26,569)

Cash and cash equivalents - beginning of
period $ 655,245 $ 658,024

Cash and cash equivalents - end of period $ 216,555 $ 631,455
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SUMMARY OF BALANCE SHEET INFORMATION

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September 30, December 31,
Balance Sheet 2006 2005
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Cash and cash equivalents $ 216,555 $ 626,017

Total Assets $ 699,370 $ 640,725

Total Liabilities $ 32,800 $ 6,259

Share capital $ 3,642,221 $ 3,485,071

Total Shareholders' Equity $ 666,570 $ 634,466

Total Liabilities & Shareholders' Equity $ 699,370 $ 640,725
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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 Financial Inc.
    Alain Lambert
    President
    (514) 395-1191