CPVC Tremblant Inc.
TSX VENTURE : TTT.P

August 29, 2005 18:45 ET

CPVC Tremblant Inc. Releases Second Quarter Financial Statements

MONTREAL, QUEBEC--(CCNMatthews - Aug. 29, 2005) - CPVC Tremblant Inc. ("Tremblant") (TSX VENTURE:TTT.P) today released its unaudited financial statements for its second quarter ended June 30, 2005. The Company is a capital pool company which completed its initial public offering in August 2004.

The net loss for the quarter ended June 30, 2005 was $9,583.



SUMMARY OF INCOME STATEMENT INFORMATION
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Income Statement June 30, 2005 June 30, 2004
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Interest (income) $7,980 $ 0
Net income (loss) ($9,583) ($5,381)
Per share - basic and diluted ($0.001) ($0.001)
Weighted average shares outstanding
- basic 9,750,000 4,881,500
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SUMMARY OF CASH FLOW INFORMATION
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Cash Flow June 30, 2005 June 30, 2004
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Cash from operating activities ($ 2,720) ($ 18,619)
Cash from investing activities ($ 40,088) $ 0
Cash from financing activities $ 0 $1,186,000
Increase in cash and cash equivalents ($ 42,808) $1,204,619
Cash and cash equivalents - beginning
of period $1,743,221 $ 0
Cash and cash equivalents
- end of period $1,700,413 $1,204,619
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SUMMARY OF BALANCE SHEET INFORMATION
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Balance Sheet June 30, 2005 December 31, 2004
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Cash and cash equivalents $1,700,413 $1,766,557
Total Assets $1,769,286 $1,772,657
Total Liabilities $ 28,289 $ 10,240
Share Capital $1,789,677 $1,789,677
Total Shareholders' Equity $1,740,997 $1,762,417
Total Liabilities & Shareholders'
Equity $1,769,286 $1,772,657
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The Company's June 30, 2005 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