Mr. Gennaro Magistrale reports

WESTBOND REPORTS PROFITS FOR THE YEAR ENDED MARCH 31, 2023

WestBond Enterprises Corp. has posted a profit of $574,550 for the year ended March 31, 2023. This represents a decrease from the profit of $693,220 for the year ended March 31, 2022, of $118,670 or 17 per cent. Sales decreased 2.5 per cent to $11,089,793 this year compared with $11,378,650 for the year ended March 31, 2022.

The decrease in revenue and profit is the result of a large amount of unshipped orders due to labour shortages experienced during the period.

Sales continue to grow in all converted product categories, and revenues are expected to increase with the hiring of additional production staff.

The annual report and other information is available on the company's website and on SEDAR.

We seek Safe Harbor.