WestBond Enterprises Corporation ("WestBond") announces that net income for the nine months ended December 31, 2004 was $165,638, or $0.017 per share.

Sales for the period totalled $4,149,694, compared to $3,795,403 for the same period last year, representing an increase of 9%. Sales of long-term care and personal hygiene products make up the increase, while clinical, airline and other product categories decreased. Sales in all categories, other than airline products, were hampered by temporary, cyclical paper shortages during the quarter ended December 31, 2004. The peak of the cycle appears to be over and fewer shortages are anticipated over the next several months. WestBond is increasing paper inventories to lessen the impact of future shortages.

The following summary financial information has been extracted from the interim consolidated financial statements for the three and nine month periods ended December 31, 2004, which are available on www.sedar.com. The comparative figures for 2003 have been restated for the retroactive change in accounting policy for employee and director stock options required by new accounting regulations.

	Three months ended December 31		Nine months ended December 31
	2004	2003	2004	2003
Operating results	$	$	$	$
Sales	1,268,752	1,349,691	4,149,694	3,795,403
Gross profit	321,141	412,596	1,176,347	1,164,780
Selling expenses	107,655	123,061	365,509	326,699
General and administrative expenses	164,201	170,618	527,350	489,633
Income before tax	49,285	118,917	283,488	348,448
Future income tax expense	24,458	47,485	117,850	136,385
Net income	24,827	71,432	165,638	212,063
Net income per share	0.002	0.007	0.017	0.021
Cash Flows
Operating activities	8,485	157,345	336,305	346,111
Investing activities	(42,336)	(95,147)	(310,305)	(618,208)
Financing activities	32,504	(20,206)	(46,317)	316,838
(Decrease) increase	(1,347)	41,99	(20,317)	44,741

			December 31 2004	March 31 2004
Financial Position			$	$
Current assets			1,338,722	1,306,768
Plant and equipment			2,340,093	2,138,389
Total assets			3,678,815	3,445,157
Current liabilities			980,437	1,032,775
Term loans			399,972	512,481
Future income tax liabilities			269,623	151,773
Shareholders' equity			2,028,783	1,748,128