WestBond Enterprises Corporation
TSX VENTURE : WBE

WestBond Enterprises Corporation

July 28, 2006 18:40 ET

WestBond Releases Year-end Financials

DELTA, BRITISH COLUMBIA--(CCNMatthews - July 28, 2006) - WestBond Enterprises Corporation ("WestBond") (TSX VENTURE:WBE) is pleased to announce that it has filed its consolidated interim financial statements for the year ended March 31, 2006. Sales increased 11% over last year.

The following summary financial information has been extracted from WestBond's consolidated financial statements for the year ended March 31, 2006. Investors are encouraged to read the full financial statements and management's discussion and analysis, which are all available on www.SEDAR.com and on the company's website at www.WestBond.ca. Please contact WestBond if you would like a printed copy.



Year ended March 31,
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Operating Results 2006 2005
$ $

Sales 6,259,426 5,652,270
Cost of sales 4,738,649 4,097,693
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Gross profit 1,520,777 1,554,577
Selling and marketing expenses 630,553 486,300
General and administrative expenses 698,343 696,268
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Net income before tax 191,881 372,009
Income tax expense 77,184 155,711
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Net income 114,697 216,298
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Earnings per share, basic and diluted 0.01 0.02
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Cash Flows
Operating Activities 428,109 386,495
Investing Activities (844,637) (357,990)
Financing Activities 458,586 (48,913)
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Increase (Decrease) 42,058 (20,408)
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March 31,
Financial Position 2006 2005
$ $
Current assets 1,937,741 1,677,379
Other assets 3,014,802 2,350,018
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Total assets 4,952,543 4,027,397
Current liabilities 1,748,140 1,267,228
Long-term liabilities 920,267 661,131
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Shareholders' equity 2,284,136 2,099,038
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WestBond is located in Delta, British Columbia and is a leading converter of disposable paper products used for personal hygiene in medical and industrial markets.

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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