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DELTA, British Columbia, Feb. 23, 2024 (GLOBE NEWSWIRE) — WestBond Enterprises Company (TSX-V: WBE) has posted a lack of $51,828 (-$0.001 per share) for the three months ended December 31, 2023, in comparison with a revenue of $74,763 ($0.002 per share) for the three months ended September 30, 2023. Gross sales had been $2,238,900 for the three months ended December 31, 2023, which is 17.6% decrease than for the three months ended September 30, 2023 and 5.1% decrease than for the three months ended December 31, 2022.
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The present financial circumstances in Canada are very difficult and due to this, we’ve got determined to give attention to the extra sturdy and bigger US market. We’re putting in new gear that may broaden our product traces, enhance our efficiencies and add capability to produce this market. Now we have just lately began transport airlaid napkins to quite a few new meals service distributors within the US and are quickly launching a rebranding or our premium airlaid serviette line and private hygiene line.
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We’re additionally happy to report that with new staffing ranges, the backlog of unshipped orders for the quarter ended December 31, 2023 has been utterly eradicated.
The quarterly report and different data can be found on the corporate’s web site at www.westbond.ca and on SEDAR at www.sedar.com.
For additional data please contact:
Gennaro Magistrale
Chief Govt Officer, President and Director
WestBond Enterprises Company
101 – 7403 Progress Manner, Delta, B.C. V4G 1E7
Tel: (604) 940-3939
Cautionary Be aware Concerning Ahead Trying Statements: This launch consists of sure statements and knowledge that represent forward-looking data throughout the which means of relevant Canadian securities legal guidelines, together with statements relating to the Firm’s intentions. Usually, forward-looking statements and knowledge could be recognized by way of forward-looking terminology equivalent to “intends” or “anticipates”, or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “could”, “might”, “ought to” or “would” happen. Ahead-looking statements are based mostly on sure materials assumptions and evaluation made by the Firm and the opinions and estimates of administration as of the date of this press launch, together with the power to maintain or develop markets and enhance profitability. Though the Firm considers these assumptions to be cheap based mostly on data presently obtainable to it, they could show to be incorrect, and the forward-looking statements on this launch are topic to quite a few dangers, uncertainties and different elements which will trigger future outcomes to vary materially from these expressed or implied in such forward-looking statements. Such danger elements could embrace, amongst others, modifications in working efficiency, availability of and costs for uncooked supplies, availability of skilled labour, overseas forex change charge fluctuations, sudden competitors and different technical, market and financial elements. Though administration of the Firm has tried to establish essential elements that would trigger precise outcomes to vary materially from these contained in forward-looking statements or forward-looking data, there could also be different elements that trigger outcomes to not be as anticipated, estimated or meant. There could be no assurance that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements and forward-looking data. Readers are cautioned that reliance on such data might not be acceptable for different functions. The Firm doesn’t undertake to replace any forward-looking assertion, forward-looking data or monetary out-look that’s integrated by reference herein, besides in accordance with relevant securities legal guidelines. We search protected harbour.
Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.
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