Prestige Telecom Inc.
TSX VENTURE : PR

Prestige Telecom Inc.

August 29, 2007 17:53 ET

Prestige Telecom Inc.: CPVC Blackcomb Inc. Releases Second Quarter Financial Statements

MONTREAL, QUEBEC--(Marketwire - Aug. 29, 2007) - CPVC Blackcomb Inc. ("Blackcomb") (TSX VENTURE:PR) today released its unaudited financial statements for the second quarter ended June 30, 2007.

The net loss for the second quarter ended June 30, 2007 was $10,724 or ($0.002) per share.



SUMMARY OF INCOME STATEMENT INFORMATION

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Income Statement June 30, 2007 June 30, 2006
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Interest income $ 16,213 $ 15,290
Net income (loss) $ (10,724) $ 3,872
Per share - basic and diluted $ (0.002) $ 0.001
Weighted average shares outstanding
- basic and diluted 4,850,000 4,850,000
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SUMMARY OF CASH FLOWS INFORMATION

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Cash Flows June 30, 2007 June 30, 2006
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Cash from operating activities $ (12,141) $ (13,922)
Cash from investing activities $ 0 $ 0
Cash from financing activities $ 0 $ 535
Increase (decrease) in cash $ (12,141) $ (13,387)
Cash - beginning of quarter $ 72,366 $ 125,160
Cash - end of quarter $ 60,225 $ 111,773
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SUMMARY OF BALANCE SHEET INFORMATION

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Balance Sheet June 30, 2007 December 31, 2006
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Cash and cash equivalents $1,812,740 $1,825,724
Total Assets $1,955,507 $1,847,329
Total Liabilities $ 123,795 $ 20,398
Share capital $1,827,525 $1,827,525
Total Shareholders' Equity $1,831,712 $1,826,931
Total Liabilities & Shareholders' Equity $1,955,507 $1,847,329
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The Company's June 30, 2007 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

  • Prestige Telecom Inc.
    Michel Brunet
    (514) 457-4488