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Investor Information News Releases Financial Statements Request Info Package Management & Directors

WestBond Sales up 18%
August 29th 2005
Delta, BC, August 29, 2005, WestBond Enterprises Corporation ("WestBond") 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.


CONSOLIDATED STATEMENT OF OPERATIONS
AND RETAINED EARNINGS
Three months ended June 30

2005 2004

Sales $1,592,020 $1,347,350

Cost of sales

Materials 844,499 696,725

Labour 115,452 103,944

Variable
overhead 84,627 54,302

Fixed overhead 71,879 55,376

Depreciation
and
amortization 40,376 30,631
---------- ----------
1,156,833 940,978
---------- ----------
Gross profit 435,187 406,372

Expenses

Selling and
marketing

Shipping 108,037 88,031

Salaries,
commissions and
employee
benefits 23,221 25,855

Other 5,586 5,965
---------- ----------
136,844 119,851
General and
admin

Administration
and office 26,602 24,778

Corporate
promotion 11,787 18,928

Interest on
term loans 6,461 8,919

Interest on
other debt 6,297 4,912

Professional
fees 5,775 8,352

Salaries and
employee
benefits 105,402 92,178
---------- ----------
162,324 158,067
---------- ----------
Income for the
period before
taxes 136,019 128,454

Income taxes

Current 27,748 -

Future 26,856 47,364
---------- ----------
54,604 47,364
---------- ----------
Net income for
the period $81,415 $81,090
========== ==========
(Deficit) --
beginning of
period $(71,375) $(287,673)

Retained
earnings
(deficit) --
end of period $10,040 $(206,583)

Net income per
share, basic
and diluted $0.008 $0.008





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