CDN

CanaDream Corporation (TSX VENTURE:CDN) today announced financial results for
the six months ending October 31, 2011, as follows:


Revenues for the six months ending October 31, 2011 are $20.9 million, 6% higher
than the prior period; cash flow from operations of $11.0 million (55 cents per
share) is 7% higher than the prior period.


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 six months ended October 31, 2011 are as follows:



                                      Six months ending October 31,         
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                                              2011            2010  Change  
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Revenue                               $ 20,930,000    $ 19,711,000       6% 
Operating profit                      $  7,482,000    $  7,287,000       3% 
Income before income tax              $  7,077,000    $  6,497,000       9% 
Net and comprehensive income          $  5,215,000    $  4,749,000      10% 
                                                                            
Cash provided by operating activity   $ 10,997,000    $ 10,307,000       7% 
Operating profit per share              37.5 cents      36.9 cents       2% 
Basic earnings per share                26.4 cents      24.0 cents      10% 
Fully diluted earnings per share        26.1 cents      23.7 cents      10% 
Weighted average shares outstanding     19,739,597      19,752,657       0% 
Weighted average diluted shares                                             
 outstanding                            19,951,225      20,051,768      (1%)
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For the six months ending October 31, 2011, CanaDream recorded operating profit
of $7.5 million. Net and comprehensive income was $5.2 million, a $466,000, or
10%, increase from the prior period of $4.7 million. On a fully diluted basis,
earnings per share increased 2.5 cents, or 11%.


Total revenue increased $1.2 million, or 6%. Fleet sales revenue increased
$943,000, or 26%; rental revenue increased $277,000, or 2%, over the prior
period. Operating expenses increased $1.0 million, or 8%. As a result, operating
profit of $7.5 million increased $196,000, or 3%.


At October 31, 2011, investment in rental fleet was $32.3 million, an increase
of $7.5 million from April 30, 2011, primarily due to fleet purchases in the
first quarter of $10.8 million. The investment in fleet inventory available for
sale was $3.0 million at October 31, 2011, a decrease of $2.0 million from April
30, 2011 year-end levels due to unit sales. Fleet and other financing increased
$3.9 million, or 16%, to $28.2 million from April 30, 2011.


The Company's core business, promoting tourism in Canada 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 direct expenses are
incurred in that same period. The Company markets rental units and fleet
inventory available for sale on a continuous basis throughout the year, however
sales of such units are generally strongest in the spring and early summer. As a
result of ongoing interest, amortization and adjustments and selling, general
and administrative 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 Standard 34 Interim Financial Reporting (IAS
34) and IFRS 1 as issued by the International Accounting Standards Board (IASB),
except for the term cash flow for 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 two associate dealer franchisees in Kelowna,
British Columbia and Edmonton, Alberta.

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