CPVC Tremblant Inc.
TSX VENTURE : TTT.P

May 27, 2005 14:21 ET

CPVC Tremblant Inc. Releases First Quarter Financial Statements

MONTREAL, QUEBEC--(CCNMatthews - May 27, 2005) - CPVC Tremblant Inc. (TSX VENTURE:TTT.P) ("Tremblant") released today its unaudited financial statements for its first quarter ended March 31, 2005. The Company is a capital pool company which completed its initial public offering in August 2004.

The net loss for the period ended March 31, 2005 was $13,519.



SUMMARY OF INCOME STATEMENT INFORMATION

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Income Statement March 31, 2005 December 31, 2004
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Interest (income) $ 7,933 $ 13,663
Net income (loss) $ (11,837) $ (232,685)
Per share - basic and diluted $ (0.001) $ (0.027)
Weighted average shares
outstanding - basic 9,750,000 7,593,374
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SUMMARY OF CASH FLOW INFORMATION

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Cash Flow March 31, 2005 December 31, 2004
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Cash from operating activities $ (15,311) $ (23,120)
Cash from investing activities $ (8,025) $ 0
Cash from financing activities $ 0 $1,789,677
Increase in cash and cash equivalents $ (23,336) $1,766,557
Cash and cash equivalents
- beginning of period $1,766,557 $ 0
Cash and cash equivalents
- end of period $1,743,221 $1,766,557
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SUMMARY OF BALANCE SHEET INFORMATION

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Balance Sheet March 31, 2005 December 31, 2004
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Cash and cash equivalents $1,743,221 $1,766,557
Total Assets $1,766,196 $1,772,657
Total Liabilities $ 15,616 $ 10,240
Share Capital $1,789,677 $1,789,677
Total Shareholders' Equity $1,750,580 $1,762,417
Total Liabilities &
Shareholders' Equity $1,766,196 $1,772,657
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The Company's March 31, 2005 financial statements may be viewed on SEDAR at http://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