CPVC Bromont Inc. Releases December 31, 2008 Financial Statements

CPVC Bromont Inc. ("Bromont") (TSX VENTURE:BBB.P) today released its audited financial statements for the year ended December 31, 2008.

The net loss for the year ended December 31, 2008 was ($46,658) or ($0.024) per share compared to a net loss of ($50,641) or ($0.044) per share for the year ended December 31, 2007.

SUMMARY OF INCOME STATEMENT INFORMATION

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Income Statement                                December 31,    December 31,
                                                       2008            2007
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Interest income                              $        7,337  $          765
Net income (loss)                                  ($46,658)       ($50,641)
Per share - basic and diluted                       ($0.024)        ($0.044)
Weighted average shares outstanding               1,960,000       1,152,308
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SUMMARY OF CASH FLOWS INFORMATION
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Cash Flows                                      December 31,    December 31,
                                                       2008            2007
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Cash used in operating activities                  ($41,998)       ($15,729)
Cash from investing activities               $            0  $            0
Cash from financing activities               $            0  $      265,739
Increase (decrease) in cash and cash
 equivalents                                       ($41,998) $      250,010
Cash and cash equivalents - beginning of
 year                                        $      250,010  $            0
Cash and cash equivalents - end of year      $      208,012  $      250,010
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SUMMARY OF BALANCE SHEET INFORMATION
Balance Sheet                                   December 31,    December 31,
                                                       2008            2007
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Cash and cash equivalents                    $      208,012  $      250,010
Total Assets                                 $      208,367  $      251,295
Total Liabilities                            $       16,683  $       12,953
Share capital                                $      370,000  $      370,000
Total Shareholders' Equity                   $      191,684  $      238,342
Total Liabilities & Shareholders' Equity     $      208,367  $      251,295
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The Company's December 31, 2008 financial statements may be viewed on SEDAR at www.sedar.com.

SOURCE: CPVC Bromont Inc.

CPVC Bromont Inc.
Bill Hess
President
(514) 395-1420

Related terms: equity