Imaflex Inc
			Symbol			IFX.A
			Shares Issued			39,350,002
			Close 2009-04-17			C$ 0.15
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Imaflex earns $644,000 in Q1

2009-05-21 10:27 ET - News Release

Mr. Joseph Abbandonato reports

IMAFLEX INC. ANNOUNCES RESULTS FOR THE QUARTER ENDED MARCH 31, 2009

Imaflex Inc. has released results for the quarter ended March 31, 2009.

                          
                       FINANCIAL HIGHLIGHTS
    (unaudited, in thousands of dollars, except per-share amounts)

                                                     Q1 2009     Q1 2008

Sales                                                 13,811      12,114
Cost of sales                                         11,071      10,238
Gross profit ($) (before amortization)                 2,740       1,876
Gross profit (%)(before amortization)                   19.8%       15.5%
Amortization of production equipment                     735         757
Gross profit                                           2,005       1,119
Gross profit (%)                                        14.5%        9.2%
Expenses                                               1,130       1,307
FX loss (gain)                                           (12)        100
Income (loss) before income taxes                        887        (288)
Provision for income taxes                               243         188
Net income (loss)                                        644        (476)
Basic and diluted earnings per share                   0.016      (0.013)
EBITDA                                                 1,831         822  

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