Lakefield Marketing Corporation

May 31, 2005 12:37 ET

Lakefield Announces First Quarter Results

MONTREAL, QUEBEC--(CCNMatthews - May 31, 2005) - Lakefield Marketing Corporation ("Lakefield") (CNQ:LKFD) announced today its first quarter ended March 31, 2005.

Revenues for the first quarter ended March 31, 2005 were $112,322 as compared to $385,694 for the first quarter of 2004. Net loss for the first quarter was $4,268 as compared to net earnings of $68,627 for the first quarter of 2004.

William A. Urseth, President of Lakefield commented, "Gross sales were lower, due to less production work being conducted on behalf of clients. The fee side of the business is remaining stable."

Lakefield's core business is marketing and strategic promotional services in the media sector.

Contact Information

  • Lakefield Marketing Corporation
    William A. Urseth
    (514) 866-4423
    (514) 866-4424 (FAX)