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Gold/Mining/Energy : WestBond Enterprises ( WBE -CDNX)
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To: David Michaud who started this subject7/17/2002 4:25:23 PM
From: David Michaud   of 10
 
Westbond Enterprises (WBE-TSX Venture)
Current Price: $0.15

WestBond Enterprises has entered into a three-year supply agreement
with one
of the largest contract washroom maintenance firms in North America.
WestBond will initially supply the B.C. operations with its personal
hygiene
paper products and after successful initial market trials, operations
in
Western Canada and the United States will be serviced.

Volumes are expected to eventually generate over $1 million in sales
revenue
annually and lead to the development of other paper products which will
further increase sales with this customer. The first order was shipped
the
week of July 10 and subsequent orders will be shipped on a weekly basis
thereafter.

QIS CAPITAL COMMENTS
Yahoo - This is one of the significant announcements that we have been
expecting and waiting for. Investors did not react to this positive
news
with too much enthusiasm yesterday although this contract is expected
to
increase the company's sales by over 33%. Even with the initial phase
of
the contract, monthly revenues should increase well over $300,000.
Westbond
has a number of other pending contracts and is still expecting to have
3 new
machines working this fall. The company is well on its way to a
break-out
year. Investors should also see the financial results for the year
ended
March 31, 2002, shortly. Investors are reminded that these numbers
will not
be stellar due to the loss of the Air Canada contracts last year.
Westbond
has successfully replaced these contracts with a number of new
customers
which has diversified the company's customer base and has freed
capacity to
pursue higher margin products. QIS Capital is eagerly anticipating
financial results for the fiscal 2003 year ending March 31, 2003.
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