CPVC Financial Corporation Releases Third Quarter Financial Statements

CPVC Financial Corporation (TSX VENTURE:LHB) ("CPVC Financial") today released
its unaudited consolidated financial statements for the third quarter ended
September 30, 2008.


The net loss for the third quarter ended September 30, 2008 was $(744,137) or
$(0.010) per share.




SUMMARY OF INCOME STATEMENT INFORMATION

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Income Statement                                September 30,  September 30,
                                                        2008           2007
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Revenues                                           $(566,295)    $2,193,630
Net earnings (loss)                                $(744,137)    $1,489,782
Per share - basic                                    $(0.010)        $0.019
Per share - diluted                                  $(0.010)        $0.018
Weighted average shares outstanding -
Basic                                             75,993,616     77,421,947
Diluted                                           75,993,616     80,471,131
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SUMMARY OF CASH FLOWS INFORMATION

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Cash Flows                                      September 30,  September 30,
                                                        2008           2007
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Operating activities                                $212,905       $336,680
Investing activities                                 $48,504      $(216,597)
Financing activities                               $(150,000)     $(213,988)
Increase (decrease) in cash                         $111,409       $(93,905)
Cash - beginning of quarter                          $38,581       $186,465
Cash - end of quarter                               $149,990         92,560
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SUMMARY OF BALANCE SHEETS INFORMATION

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Balance Sheets                                  September 30,   December 31,
                                                        2008           2007
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Cash and cash equivalents                           $149,990       $622,408
Total Assets                                      $6,072,266     $7,648,507
Total Liabilities                                 $2,437,036     $1,810,190
Share Capital                                     $3,848,256     $3,848,256
Total Shareholders' Equity                        $3,635,230     $5,838,317
Total Liabilities & Shareholders' Equity          $6,072,266     $7,648,507
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The Company's September 30, 2008 financial statements may be viewed on SEDAR at
www.sedar.com.

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