CPVC Tremblant Inc.
TSX VENTURE : TTT.P

March 30, 2006 19:07 ET

CPVC Tremblant Inc. Releases Annual Financial Statements

MONTREAL, QUEBEC--(CCNMatthews - March 30, 2006) - CPVC Tremblant Inc. ("Tremblant") (TSX VENTURE:TTT.P) today released its audited financial statements for the years ended December 31, 2005 and 2004.

The net loss for the year ended December 31, 2005 was $69,459 or $0.007 per share (2004: $232,685 or $0.027 per share).



SUMMARY OF INCOME STATEMENT INFORMATION

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December 31, December 31,
2005 2004
Income Statement 12 months 249 days
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Interest (income) $ 32,308 $ 13,663
Net income (loss) $ (69,459) $ (232,685)
Per share - basic and diluted $ (0.007) $ (0.027)
Weighted average shares outstanding
- basic 9,750,000 8,593,374
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SUMMARY OF CASH FLOW INFORMATION

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December 31, December 31,
Cash Flow 2005 2004
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Cash from operating activities $ (89,213) $ (23,120)
Cash from investing activities $ 0 $ 0
Cash from financing activities $ 0 $1,789,677
Increase (decrease) in cash and
cash equivalents $ (89,213) $1,766,557
Cash and cash equivalents -
beginning of year $1,766,557 $ 0
Cash and cash equivalents -
end of year $1,677,344 $1,766,557
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SUMMARY OF BALANCE SHEET INFORMATION

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December 31, December 31,
Balance Sheet 2005 2004
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Cash and cash equivalents $1,677,344 $1,766,557
Total Assets $1,701,539 $1,772,657
Total Liabilities $ 8,581 $ 10,240
Share capital $1,789,677 $1,789,677
Total Shareholders' Equity $1,692,958 $1,762,417
Total Liabilities & Shareholders' Equity $1,701,539 $1,772,657
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The Company's December 31, 2005 and 2004 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 Tremblant Inc.
    Alain Lambert
    President
    (514) 392-9419