CDN

CanaDream Corporation (TSX VENTURE:CDN) today announced financial results for
the period ended January 31, 2013, as follows:


Revenue for the nine months ended January 31, 2013 was $23.4 million, net and
comprehensive income $2.6 million, and cash flow from operating activities $10.6
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 nine months ended January 31, 2013 are as follows:



                                                                            
                                                  Nine months ended         
                                                        January 31,         
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                                                  2013         2012 Change  
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Revenue                                   $ 23,444,000 $ 22,833,000      0% 
Income before foreign currency forward                                      
 contracts (gains)/losses, finance and                                      
 income tax expenses                      $  4,469,000 $  5,289,000    (16%)
Income before income taxes                $  3,495,000 $  4,555,000    (23%)
Net and comprehensive income              $  2,577,000 $  3,463,000    (26%)
                                                                            
Cash provided by operating activities     $ 10,556,000 $ 11,709,000    (10%)
Cash flow from operations per share                                         
 fully-diluted                              53.5 cents   58.6 cents     (9%)
Basic earnings per share                    13.2 cents   17.6 cents    (25%)
Fully diluted earnings per share            13.1 cents   17.3 cents    (24%)
Weighted average shares outstanding         19,548,474   19,732,271     (1%)
Weighted average diluted shares                                             
 outstanding                                19,718,071   19,696,380      0% 
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For the nine months ending January 31, 2013, CanaDream Corporation recorded net
and comprehensive income of $2.6 million, a 26% decrease from the prior period.
Cash flow earned from operating activities was $10.6 million, a 10% decrease.


Total revenue increased $611,000 (rental revenue increased 2% and revenue from
the sale of rental fleet and fleet inventory available for sale increased 4%).
Operating expenses increased 8% from the prior period. Finance interest
decreased $58,000, or 6%.


At January 31, 2013, investment in rental fleet was $25.6 million, a $2.2
million increase from the prior year end, due to fleet purchases less unit sales
and rental fleet transferred to fleet inventory available for sale and
depreciation. As a result of increase rental fleet investment, fleet financing
increased $1.6 million to $23.4 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 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,
(www.canadasbest.com), and its business-to-consumer on-line internet reservation
system, (www.canadream.com), 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CanaDream Corporation
Mr. Brian Gronberg
President & CEO
Toll Free: 800-461-7368
BRIAN@canadream.com
www.canadream.com

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