WestBond Enterprises Corporation
TSX VENTURE : WBE

WestBond Enterprises Corporation

November 28, 2006 17:08 ET

WestBond Announces September 2006 Interim Financials

Revenue Up 10% Over Last Year

DELTA, BRITISH COLUMBIA--(CCNMatthews - Nov. 28, 2006) - WestBond Enterprises Corporation ("WestBond") (TSX VENTURE:WBE) is pleased to announce that net income for the three months ended September 30, 2006 was $37,747, or $0.004 per share.

The following summary financial information has been extracted from the interim consolidated financial statements for the three and six month periods ended September 30, 2006, which are available from the Company's website at www.westbond.ca and on www.sedar.com.




Three months ended Six months ended
September 30 September 30
----------------------- -----------------------
2006 2005 2006 2005
Operating results $ $ $ $

Sales 1,641,014 1,487,265 3,297,236 3,079,285
Gross profit 420,348 369,377 826,975 804,564
Selling expenses 191,523 126,393 374,531 263,237
General and
administrative
expenses 168,577 175,424 349,645 337,748
Income before tax 60,248 67,560 102,799 203,579
Income tax 22,501 31,423 42,724 86,027
Net income 37,747 36,137 60,075 117,552
Earnings per share 0.004 0.004 0.006 0.011

Cash Flows

Operating
activities 173,667 346,168 79,845 331,493
Investing
activities (72,538) (557,339) (100,289) (642,000)
Financing
activities (102,867) 268,043 (1,111) 352,578
(Decrease) increase (1,738) 56,872 (21,555) 42,071


September 30 March 31
2006 2006
Financial Position $ $

Current assets 1,914,146 1,937,741
Plant and equipment 2,998,949 3,014,802
Total assets 4,913,095 4,952,543
Current liabilities 1,712,129 1,748,140
Term loans 413,307 535,599
Future income tax liabilities 427,392 384,668
Shareholders' equity 2,360,267 2,284,136


WestBond also wishes to thank Frank Barker for his services to the Company over the past few years. Mr. Barker has resigned as a director of the Company.

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.

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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