CDN

CanaDream Corporation (TSX VENTURE:CDN) today announced financial results for
the period ended July 31, 2012, as follows:


Revenues for the three months ended July 31, 2012 were $10.7 million, net and
comprehensive income $2.4 million, and cash flow from operating activities $9.3
million.


The Company encourages interested parties to access CanaDream Corporation's
Management Discussion and Analysis (MD&A) on the SEDAR website, www.sedar.com,
for a more detailed discussion of these results.


Summarized results for the three months ended July 31, 2012 are as follows:



                                               Three months ended July 31,  
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                                                   2012        2011 Change  
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Revenue                                     $10,685,000 $10,808,000     (1%)
Income before foreign currency forward                                      
 contracts (gains)/losses, finance, and                                     
 income tax expenses                        $ 3,610,000 $ 3,665,000     (2%)
Income before income taxes                  $ 3,294,000 $ 3,616,000     (9%)
Net and comprehensive income                $ 2,428,000 $ 2,693,000    (10%)
                                                                            
Cash provided by operating activities       $ 9,294,000 $10,350,000    (10%)
Basic earnings per share                     12.4 cents  13.6 cents     (9%)
Fully diluted earnings per share             12.3 cents  13.5 cents     (9%)
Weighted average shares outstanding          19,621,331  19,752,657     (1%)
Weighted average diluted shares outstanding  19,815,449  20,007,427     (1%)
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For the three months ending July 31, 2012, CanaDream recorded net and
comprehensive income of $2.4 million, a 10% decrease from the prior period. On a
fully diluted basis, earnings per share decreased 1.2 cents, or 9%. 


Total revenue decreased $123,000, or 1% (rental revenue increased 6%, revenue
from the sale of rental fleet and fleet inventory available for sale decreased
23%). Operating expenses decreased 1% from the prior period. As a result,
operating profit of $3.6 million decreased $54,000, or 1%.


At July 31, 2012, investment in rental fleet was $32.1 million, an increase of
$8.8 million from April 30, 2012, primarily due to fleet purchases in the first
quarter of $10.0 million. Fleet and other financing increased $7.2 million to
$30.7 million from April 30, 2012.


The Company's core business, promoting the opportunity to experience Canada at
your own pace through the recreational vehicle experience, is seasonal in nature
with the majority of its revenue being earned during the May to October period,
the first and second quarters of its fiscal year. The majority of the company's
cost of services expenses before employee compensation, benefits and
depreciation are incurred in that same period. The Company markets for sale
previously guest experienced recreational vehicles and fleet inventory available
for sale on a continuous basis throughout the year; however, sales of such units
are generally strongest from January to early summer. As a result of ongoing
depreciation, interest and other operating expenses, the last two quarters of
the fiscal year normally produce operating losses. Losses incurred in the last
two quarters may exceed profits earned in the first two quarters of the fiscal
year. 


The financial data included in this release has been prepared in accordance with
International Financial Reporting Standards, except for the term cash flow from
operations per share. Cash flow per share is a measure that provides
shareholders and potential investors with additional information regarding the
Company's liquidity and its ability to generate funds to finance its operations.



CanaDream Corporation promotes Canada and the opportunity to "experience Canada
at your own pace" in recreational vehicles and sells its guest experienced
recreational vehicle fleet on a wholesale and retail basis. The Company is
utilizing its proprietary business-to-business web-enabled system, less than
www.canadasbest.comgreater than, and its business-to-consumer on-line internet
reservation system, less than www.canadream.comgreater than, to operate and
expand its network of RV rental locations in Canada. CanaDream maintains six
Company-operated locations in Calgary, Vancouver, Whitehorse, Toronto, Montreal,
and Halifax. CanaDream now offers a global RV solution by partnering with Apollo
Motorhome Holidays in Australia, New Zealand and the USA. The Company is also
leveraging its proprietary technology to build a collective membership network
of associate dealers that are fully interconnected to CanaDream's e-commerce
systems. CanaDream currently has one associate dealer franchisee in Edmonton,
Alberta.

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