WestBond Enterprises Corporation
TSX VENTURE : WBE

WestBond Enterprises Corporation

August 29, 2005 16:54 ET

WestBond Sales up 18%

DELTA, BRITISH COLUMBIA--(CCNMatthews - Aug. 29, 2005) - WestBond Enterprises Corporation ("WestBond") (TSX VENTURE:WBE) is pleased to announce that it has filed its consolidated interim financial statements for the quarter ended June 30, 2005. Sales increased 18% over the same quarter last year.

The following summary financial information has been extracted from WestBond's consolidated interim financial statements for the three months ended June 30, 2005. 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 web-site at www.WestBond.ca. Please contact WestBond if you would like a printed copy.



Three months ended
June 30,
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Operating Results 2005 2004
Cdn$ Cdn$

Sales 1,592,020 1,347,350
Cost of sales 1,156,833 940,978
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Gross profit 435,187 406,372
Selling and marketing expenses 136,844 119,851
General and administrative expenses 162,324 158,067
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Net income before tax 136,019 128,454
Income tax expense 54,604 47,364
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Net income 81,415 81,090
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Net income per share, basic and diluted 0.008 0.008
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Cash Flows
Operating Activities (14,675) 223,883
Investing Activities (84,661) (177,293)
Financing Activities 84,535 40,185
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(Decrease) Increase (14,801) 86,775
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June 30, March 31,
Financial Position 2005 2005
Cdn$ Cdn$

Current assets 1,665,723 1,677,379
Other assets 2,392,103 2,350,018
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Total assets 4,057,826 4,027,397
Current liabilities 1,207,293 1,267,228
Long-term liabilities 650,484 661,131
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Shareholders' equity 2,200,049 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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