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WestBond Increases Sales and Profit for the Year ended March 31, 2020

Written by Customer Service on . Posted in Public Companies.

DELTA, British Columbia, June 19, 2020 (GLOBE NEWSWIRE) — WestBond Enterprises Corporation (TSX-V: WBE) has posted a profit of $591,016 for the year ended March 31, 2020.  This represents an increase from the profit of $421,264 for the year ended March 31, 2019 of 40%.  Sales increased 2.7% to $11,667,892 this year compared to $11,363,162 for the year ended March 31, 2019.
The increase in profit is primarily due to improved operating efficiencies.WestBond is in the process of introducing ViroBan Plus in the coming weeks.  ViroBan Plus is a Health Canada approved disinfectant wipe which will be sold through the company’s extensive medical distributor network and directly to government procurement agencies.The annual report and other information is available on the company’s website at www.westbond.ca and on SEDAR at www.sedar.comFor further information please contact:Gennaro MagistraleChief Executive Officer, President and Director
WestBond Enterprises Corporation
101 – 7403 Progress Way, Delta, B.C. V4G 1E7Tel: (604) 940-3939Cautionary 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

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