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Gold/Mining/Energy : WestBond Enterprises ( WBE -CDNX)
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To: David Michaud who started this subject8/20/2002 12:38:43 PM
From: David Michaud   of 10
 
WestBond Enterprises (WBE-TSX Venture)
Current Price: $0.16

WestBond Enterprises is pleased to announce that orders are now being
shipped to one of the leading suppliers to the Long-Term Care market in
North America. Sales volumes to this new distributor are expected to
surpass $500,000 annually for these newly developed products, which are
sold
by the distributor primarily to nursing homes in Canada and the U.S.

WestBond has recently implemented an aggressive expansion program which
will
be completed by the fall of 2002 and will increase the company's
production
capacity to 600,000 cases of product annually. WestBond's sales volume
is
presently about 85,000 cases of product per year.

These new developments are additional steps to ensure a record year for
WestBond. With current monthly revenues of over $320,000 and with the
addition of new machinery anticipated to be commissioned this fall, the
company expects to continue its impressive growth.

WestBond supplies both the Health Care and Industrial markets with
disposable paper products. This announcement reflects the company's
commitment to growth in both areas, ensuring long-term stability of its
diverse product line. WestBond's facility is located in Delta, B.C.

QIS CAPITAL COMMENTS
WestBond continues to roll out the orders and is already showing a
dramatic
improvement in monthly revenues. This is before the new machinery is
placed
into operations which is expected to add significantly to WestBond's
capacity. The company should be announcing first quarter results by
early
next week. This is the first quarter which will give an indication as
to
the impact of WestBond's jumbo roll machine installed earlier this year
and
will hopefully be an indication of further growth to come.
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