WestBond Realizes Profit of $538,291 for Quarter Ended September 30, 2020
November 25 2020 - 7:19PM
WestBond Enterprises Corporation (TSX-V: WBE) is pleased to
announce its second quarter financial results.
WestBond has realized a profit of $538,291 for the three months
ended September 30, 2020. This represents an increase of 293%
from the profit of $136,909 for the three months ended
September 30, 2019. Sales increased 8.7% to $3,268,300 this
quarter compared to $3,007,023 for the three months ended
September 30, 2019. The increases are due to strong demand for
dry-wipes and the ViroBan Plus disinfectant wipes, which were only
introduced in the last week of August 2020.
The quarterly report and other information is available on the
company’s website at www.westbond.ca and on SEDAR at
www.sedar.com
For further information please contact:
Gennaro MagistraleChief Executive Officer,
President and DirectorWestBond Enterprises Corporation101 – 7403
Progress Way, Delta, B.C. V4G 1E7Tel: (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.
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