CPVC Financial Corporation Releases First Quarter Financial Statements

CPVC Financial Corporation (TSX VENTURE:LHB) ("CPVC Financial") today released
its unaudited financial statements for the first quarter ended March 31, 2008.


The net loss for the first quarter ended March 31, 2008 was ($1,515,896) or
($0.02) per share.




SUMMARY OF INCOME STATEMENT INFORMATION

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Income Statement                            March 31, 2008   March 31, 2007
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Revenues                                       ($1,459,319)        $129,404
Net income (loss)                              ($1,515,896)        $ 46,364 
Per share - basic and diluted                      ($0.020)        $  0.001
Weighted average shares outstanding 
 - basic and diluted                            75,993,616       79,614,947
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SUMMARY OF CASH FLOWS INFORMATION

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Cash Flows                                  March 31, 2008   March 31, 2007
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Operating activities                             ($356,540)        ($42,408)
Investing activities                             ($697,745)       ($191,805)
Financing activities                              $300,000         ($67,140)
Increase (decrease) in cash                      ($754,285)       ($301,353)
Cash - beginning of quarter                       $622,408         $304,924
Cash - end of quarter                            ($131,877)        $  3,571
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SUMMARY OF BALANCE SHEETS INFORMATION

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Balance Sheets                             March 31, 2008 December 31, 2007
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Cash and cash equivalents                       ($131,877)       $  622,408
Total Assets                                   $6,050,420        $7,648,507
Total Liabilities                              $1,727,999        $1,810,190
Share Capital                                  $6,575,676        $6,575,676
Total Shareholders' Equity                     $4,322,421        $5,838,317
Total Liabilities & Shareholders' Equity       $6,050,420        $7,648,507
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The Company's March 31, 2008 financial statements may be viewed on SEDAR at
www.sedar.com

Cpvc Financial Corp (TSXV:LHB)
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