WestBond Enterprises Corporation
TSX VENTURE : WBE

WestBond Enterprises Corporation

November 18, 2005 16:33 ET

WestBond Announces September 2005 Interim Financials; Revenue up 7% Over Last Year

DELTA, BRITISH COLUMBIA--(CCNMatthews - Nov. 18, 2005) - WestBond Enterprises Corporation ("WestBond") (TSX VENTURE:WBE) is pleased to announce that net income for the six months ended September 30, 2005 was $117,552, or $0.011 per share.

Sales for the period totalled $3,079,285, compared to $2,880,942 for the same period last year, representing an increase of 7%. Sales of long-term care, clinical and personal hygiene products make up the increase.

The following summary financial information has been extracted from the interim consolidated financial statements for the three and six month periods ended September 30, 2005, which are available on www.sedar.com.



Three months ended Six months ended
September 30 September 30
-------------------- ---------------------
2005 2004 2005 2004

Operating results $ $ $ $
Sales 1,487,265 1,533,592 3,079,285 2,880,942
Gross profit 369,377 448,834 804,564 855,206
Selling expenses 126,393 138,003 263,237 257,854
General and
administrative expenses 175,424 205,082 337,748 363,149
Income before tax 67,560 105,749 203,579 234,203
Income tax 31,423 46,028 86,027 93,392
Net income 36,137 59,721 117,552 140,811
Net income per share 0.004 0.006 0.011 0.014

Cash Flows

Operating activities 346,168 103,937 331,493 327,820
Investing activities (557,339) (90,676) (642,000) (267,969)
Financing activities 268,043 (119,006) 352,578 (78,821)
Increase (decrease) 56,872 (105,745) 42,071 (18,970)

September 30 March 31
2005 2005
Financial Position $ $
Current assets 1,534,963 1,677,379
Plant and equipment 2,905,906 2,350,018
Total assets 4,440,869 4,027,397
Current liabilities 1,163,638 1,267,228
Term loans 657,891 362,469
Future income tax liabilities 363,559 298,662
Shareholders' equity 2,255,781 2,099,038


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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