WestBond Enterprises Corporation
Ticker Symbol: WBE
Stock Exchange: TSX Venture
|Authorized:|| Unlimited Common Shares|
|Shares Issued & Outstanding:|| 33,260,800|
We, WestBond Enterprises Corporation, are a paper converter that supplies disposable paper products to many market segments. Our sales volumes continue to increase significantly, almost doubling in the past 5 years. We initially grew to become one of Canada's leading manufacturers of medical disposables. In 1998 we expanded into products for use on airplanes and, in 2002, we again expanded our product offering to take advantage of high volume opportunities in personal hygiene products for away from home markets. We sell mainly to major medical and industrial distributors in Canada and the United States and we also sell to larger end-users on a direct basis.
Our product lines include clinical products such as examination table paper, dental bibs, sheets, pillowcases and gowns. The personal hygiene product line consists of hand towels and bathroom tissue in jumbo roll format as well as conventional formats. In addition to these two large markets, we also produce patient wipes and underlays for long-term care facilities (nursing homes), and airline towels and pillowcases.
Our goal is to increase sales by supplying a comprehensive paper product line directly to medium sized janitorial contractors providing public washroom maintenance services and to small and medium sized distributors who sell to the janitorial market. Our most significant competitors in the personal hygiene product line use wholesale master distributors who sell to smaller distributors that sell to smaller contractors. By selling direct or to the smaller distributors, we eliminate the "middle-man" and are able to offer more competitive pricing. Also, unlike our most significant competitors, we will configure our product to these customers' specifications. Our current focus for expansion in this market is Canada and western USA. We will also pursue opportunities to supply these products directly to smaller hotel, motel and restaurant chains.
We also aim to maintain, or modestly increase, our sales of clinical and long-term care products. In addition, we are approaching various airlines to resume sales of our airline products.