WestBond Enterprises Corporation
TSX VENTURE : WBE

WestBond Enterprises Corporation

August 25, 2006 19:05 ET

WestBond Announces June 2006 Interim Financials

Revenue Up 4% Over Last Year

DELTA, BRITISH COLUMBIA--(CCNMatthews - Aug. 25, 2006) - WestBond Enterprises Corporation ("WestBond") (TSX VENTURE:WBE) is pleased to announce that net income for the three months ended June 30, 2006 was $22,328, or $0.002 per share.

The following summary financial information has been extracted from the interim consolidated financial statements for the three months ended June 30, 2006, which are available on www.sedar.com.



Three months ended
June 30
------------------------
2006 2005
Operating results $ $
Sales 1,656,222 1,592,020
Gross profit 406,627 435,187
Selling expenses 183,008 136,844
General and administrative expenses 181,068 162,324
Income before tax 42,551 136,019
Income tax 20,223 54,604
Net income 22,328 81,415
Earnings per share 0.002 0.008
Cash Flows
Operating activities (93,822) (14,675)
Investing activities (27,751) (84,661)
Financing activities 101,756 84,535
Decrease (19,817) (14,801)

June 30 March 31
2006 2006
Financial Position $ $
Current assets 1,934,879 1,937,741
Plant and equipment 2,984,962 3,014,802
Total assets 4,919,841 4,952,543
Current liabilities 1,718,429 1,748,140
Term loans 474,453 535,599
Future income tax liabilities 404,891 384,668
Shareholders' equity 2,322,068 2,284,136


WestBond is a producer of high quality disposable paper products marketed through medical and industrial distributors and operates a manufacturing facility in Delta, British Columbia, Canada.

WestBond is listed on the TSX Venture Exchange and trades under the symbol "WBE".


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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