CanaDream Corporation Closes Acquisition of Westcoast Mountain Campers and Reports Revenue of $34.1 Million for Year - Video News Alert on Investmentpitch.com

Vancouver, British Columbia--(Newsfile Corp. - July 21, 2015) - CanaDream Corporation (TSXV: CDN) a market leader in the Canadian recreational vehicle rental & sales industry, reported revenue of $34.1 million for the year ended April 30, 2015. With net income coming in at $2.1 million, an increase of 88% from the previous year, the company reported earnings per share of 11.1 cents, versus 6 cents in the previous year.

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The company maintains 6 company-operated locations in Calgary, Vancouver, Whitehorse, Toronto, Montreal, and Halifax, and through its partnership with Apollo Motorhomes, provides clients with RV's in Australia, New Zealand and the USA.

The company recently closed the acquisition of Westcoast Mountain Campers, a Western Canada competitor with RV rental operations in Vancouver and Calgary. Westcoast's founder and CEO, Gord Rees, a 35 year veteran in the industry, was instrumental in the establishment of the RV Rental Association of Canada. Gord Rees has entered into a 2-year consulting agreement and will be granted 175,000 stock options exercisable at $0.60, and has also agreed to a 5 year non-competition and non-solicitation agreement.

Brian Gronberg, President & CEO, stated: "We are pleased to welcome Gord to CanaDream. He brings years of experience and knowledge of the RV Rental Industry that will help build CanaDream's brand and shareholder value."

The purchase price of $1.58 million was comprised of $1.38 million in cash, and 267,000 shares at a deemed price of $0.75 per share. The acquisition includes Westcoast's fleet, 2015 booked sales receivables, other fixed assets, goodwill and other intangible property.

CanaDream's shares are trading at $0.70, and with 19.3 million shares outstanding, the company is capitalized at $13.5 million.

For more information, please visit the company's website www.CanaDream.com or contact Brian Gronberg, President & CEO at 800-461-7368 or email brian@CanaDream.com.

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