Lakefield Marketing Corporation
CNQ : LKFD

August 25, 2005 12:34 ET

Lakefield Marketing Corporation Announces its Second Quarter Results

MONTREAL, QUEBEC--(CCNMatthews - Aug. 25, 2005) - Lakefield Marketing Corporation (CNQ:LKFD) ("Lakefield") announced today its second quarter ended June 30, 2005.

Revenues for the six months ended June 30, 2005 were $201,308 as compared to $589,320 for 2004. Net loss from operations for the six months was $4,924 compared to net earnings from operations of $63,208 in 2004. Net loss for the six months ended June 30, 2005 was $50,496 compared to net earnings of $79,708 in 2004.

Revenues for the three months ended June 30, 2005 were $88,986 as compared to $203,626 for 2004. Net loss from operations for the three months was $656 compared to net earnings from operations of $11,081 in 2004. Net loss for the three months ended June 30, 2005 was $46,228 compared to net earnings of $11,081 in 2004.

William A. Urseth, President of Lakefield commented, "We are actively involved in a new business push, due to the decline of two key clients and their business situation."

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

Contact Information

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