CPVC Tremblant Inc.
TSX VENTURE : TTT.P

November 29, 2006 21:23 ET

CPVC Tremblant Inc. Releases Third Quarter Financial Statements

MONTREAL, QUEBEC--(CCNMatthews - Nov. 29, 2006) - CPVC Tremblant Inc. (TSX VENTURE:TTT.P) ("Tremblant") released today its unaudited financial statements for its third quarter ended September 30, 2006. The Company is a capital pool company which completed its initial public offering in August 2004.

The net income for the period ended September 30, 2006 was $251.



SUMMARY OF INCOME STATEMENT INFORMATION

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Income Statement September 30, 2006 September 30, 2005
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Interest income $ 12,378 $ 8,090
Net income (loss) $ 251 $ (47,363)
Per share - basic and diluted $ 0.0000 $ (0.005)
Weighted average shares outstanding
- basic and diluted 9,750,000 9,750,000

SUMMARY OF CASH FLOW INFORMATION

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Cash Flow September 30, 2006 September 30, 2005
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Cash from operating activities $ (7,658) $ (79,377)
Cash from investing activities $ (7,950) $ (48,113)
Cash from financing activities $ 0 $ 0
Increase in cash and cash equivalents $ (15,608) $ (31,264)
Cash and cash equivalents - beginning
of period $ 1,664,942 $ 1,700,413
Cash and cash equivalents - end of period $ 1,649,334 $ 1,669,149
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SUMMARY OF BALANCE SHEET INFORMATION

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Balance Sheet September 30, 2006 December 31, 2005
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Cash and cash equivalents $ 1,649,334 $ 1,677,344
Total Assets $ 1,696,054 $ 1,701,539
Total Liabilities $ 5,722 $ 8,581
Share Capital $ 1,789,677 $ 1,789,677
Total Shareholders' Equity $ 1,690,332 $ 1,692,958
Total Liabilities & Shareholders' Equity $ 1,696,054 $ 1,701,539
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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 Tremblant Inc.
    Alain Lambert
    President
    (514) 395-1191