DELTA, British Columbia, Nov. 19, 2018 (GLOBE NEWSWIRE) -- WestBond Enterprises Corporation (TSX-V: WBE) has posted
a profit of $61,134 for the three months ended September 30, 2018. This represents a decrease over the profit of $74,175 for the
three months ended September 30, 2017. Sales for the period increased 18.0% to $2,725,671 this year compared to $2,309,657 for the
three months ended September 30, 2017.
The increase in sales is due to the company’s efforts to develop new markets for its air laid products and existing clinical and
personal hygiene lines. Air laid products and parent roll sales increased significantly in the food service market. WestBond
intends to continue to develop these markets and increase profitability by improving production efficiencies and lowering overhead
costs.
The quarterly report and other information can be found on the company’s website at www.westbond.ca and on SEDAR
at www.sedar.com.
The board of directors has declared the quarterly dividend of $0.0025 per share is payable on December 20,
2018 to shareholders of record on December 5, 2018.
For further information please contact:
Gennaro Magistrale
Chief Executive Officer, President and Director
WestBond Enterprises Corporation
101 – 7403 Progress Way, Delta, B.C. V4G 1E7
Tel: (604) 940-3939
Cautionary Note Regarding Forward Looking Statements: This release includes
certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities
laws, including statements regarding the Company’s intentions. Generally, forward-looking statements and information can be
identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or
statements that certain actions, events or results “may”, “could”, “should” or “would” occur. Forward-looking statements are based
on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of
this press release, including the ability to develop markets and increase profitability. Although the Company considers
these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the
forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause
future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors may
include, among others, changes in operating performance, availability of and prices for raw materials, availability of trained
labour, foreign currency exchange rate fluctuations, unexpected competition and other technical, market and economic
factors. Although management of the Company has attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors
that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that
reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any
forward-looking statement, forward-looking information or financial out-look that is incorporated by reference herein, except in
accordance with applicable securities laws. We seek safe harbour.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
