Mr. Gennaro Magistrale reports

WESTBOND REPORTS PROFIT FOR THE QUARTER ENDED SEPTEMBER 30, 2023

WestBond Enterprises Corp. has posted a profit of $74,763 (0.2 cent per share) for the three months ended Sept. 30, 2023, compared with a loss of $69,374 (negative 0.2 cent per share) for the three months ended June 30, 2023. Sales were $2,718,170 for the three months ended Sept. 30, 2023, which is 14.8 per cent higher than for the three months ended June 30, 2023, and 6.2 per cent lower than for the three months ended Sept. 30, 2022.

The increase in sales and profits are a result of improved staffing levels which allowed the company to fulfill a higher volume of customer orders. The shift from air laid parent roll sales to finished napkins and wipes will also contribute to the expansion of new markets and customers in the United States. This expansion is expected to have a positive effect on future sales and profits for the company.

The quarterly report and other information are available on the company's website and on SEDAR+.

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