CPVC Tremblant Inc.
TSX VENTURE : TTT.P

May 30, 2006 19:23 ET

CPVC Tremblant Inc. Releases First Quarter Financial Statements

MONTREAL, QUEBEC--(CCNMatthews - May 30, 2006) - CPVC Tremblant Inc. ("Tremblant") (TSX VENTURE:TTT.P) released today its unaudited financial statements for its first quarter ended March 31, 2006. The Company is a capital pool company which completed its initial public offering in August 2004.

The net income for the period ended March 31, 2006 was $703.



SUMMARY OF INCOME STATEMENT INFORMATION

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Income Statement March 31, 2006 March 31, 2005
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Interest income $ 11,926 $ 7,933
Net income (loss) $ 703 $ (11,837)
Per share - basic and diluted $ 0.000 $ (0.001)
Weighted average shares outstanding -
basic 9,750,000 9,750,000
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SUMMARY OF CASH FLOW INFORMATION

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Cash Flow March 31, 2006 March 31, 2005
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Cash from operating activities $ 9,397 $ (15,311)
Cash from investing activities $ 0 $ (8,025)
Cash from financing activities $ 0 $ 0
Increase in cash and cash equivalents $ 9,397 $ (23,336)
Cash and cash equivalents - beginning
of period $ 1,677,344 $1,766,557
Cash and cash equivalents - end of
period $ 1,686,741 $1,743,221
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SUMMARY OF BALANCE SHEET INFORMATION

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Balance Sheet March 31, 2006 December 31, 2005
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Cash and cash equivalents $1,686,741 $1,677,344
Total Assets $1,705,673 $1,701,539
Total Liabilities $ 12,012 $ 8,581
Share Capital $1,789,677 $1,789,677
Total Shareholders' Equity $1,693,661 $1,692,958
Total Liabilities & Shareholders'
Equity $1,705,673 $1,701,539
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The Company's March 31, 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 Tremblant Inc.
    Alain Lambert
    President
    (514) 392-9419