CPVC Financial Corporation Releases Second Quarter Financial Statements

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


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.

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