CPVC Financial Corporation Releases Second Quarter Financial Statements

The net income for the second quarter ended June 30, 2008 was $56,945 or $0.001 per share.

SUMMARY OF INCOME STATEMENT INFORMATION

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Income Statement                          June 30, 2008       June 30, 2007
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Revenues                                $       170,207     $       212,749
Net income (loss)                       $        56,945     $       111,208
Per share - basic and diluted           $         0.001     $         0.001
Weighted average shares outstanding -
Basic                                        75,993,616          78,771,280
Diluted                                      79,042,800          78,771,280
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SUMMARY OF CASH FLOWS INFORMATION

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Cash Flows                                June 30, 2008       June 30, 2007
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Operating activities                    $       (82,830)    $      (133,778)
Investing activities                    $       153,288     $      (397,675)
Financing activities                    $       100,000     $       714,347
Increase (decrease) in cash             $       170,458     $       182,894
Cash - beginning of quarter             $      (131,877)    $         3,571
Cash - end of quarter                   $        38,581     $       186,465
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SUMMARY OF BALANCE SHEETS INFORMATION

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Balance Sheets                            June 30, 2008   December 31, 2007
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Cash and cash equivalents               $        38,581     $       622,408
Total Assets                            $     6,141,198     $     7,648,507
Total Liabilities                       $     1,761,831     $     1,810,190
Share Capital                           $     3,848,256     $     3,848,256
Total Shareholders' Equity              $     4,379,367     $     5,838,317
Total Liabilities & Shareholders'
 Equity                                 $     6,141,198     $     7,648,507
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The Company's June 30, 2008 financial statements may be viewed on SEDAR at www.sedar.com.

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release. (514) 395-1191