CanaDream Reports Net and Comprehensive Income of $4.9 Million

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


Revenues for the six months ended October 31, 2013 were $21.8 million, net and
comprehensive income $4.9 million, and cash flow provided by operating
activities $13.3 million.


The Company encourages interested parties to access CanaDream Corporation's
Management's 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, 2013 are as follows:



                                       Six months ended October 31,         
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                                                2013           2012 Change  
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Revenue                               $   21,836,000 $   20,882,000      5% 
Income before foreign currency                                              
 forward contracts (gains), finance,                                        
 and income tax expenses              $    7,305,000 $    7,038,000      4% 
Income before income taxes            $    6,590,000 $    6,374,000      3% 
Net and comprehensive income          $    4,893,000 $    4,698,000      4% 
                                                                            
Cash provided by operating activities $   13,334,000 $   10,349,000     29% 
Basic earnings per share                  26.0 cents     23.9 cents      9% 
Fully diluted earnings per share          25.7 cents     23.7 cents      8% 
Weighted average shares outstanding       18,822,790     19,620,646     (4%)
Weighted average diluted shares                                             
 outstanding                              19,017,799     19,790,939     (4%)
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For the six month period ended October 31, 2013, CanaDream recorded net and
comprehensive income of $4.9 million, a 4% increase from the prior period. Cash
flow provided by operating activities of $13.3 million was a 29% increase from
the prior period. Earnings per share (fully-diluted) of 25.7 cents increased 8%
from the prior period.


Total revenue increased $954,000, or 5%. Fleet sales revenue increased 37% due
to increased sales of guest fleet and fleet inventory available for sale; as a
result of increased fleet sales revenue, cost of services increased
proportionately . Guest revenue decreased 4% due to decreased guest experience
nights. Guest cost of services before employee compensation and benefits
decreased 8% and employee compensation and benefits decreased 10%.


Investment in guest fleet increased $2.5 million from April 30, 2013 levels to
$25.5 million at October 31, 2013, primarily due to fleet purchases in the first
quarter of $12.2 million combined with a transfer to fleet inventory available
for sale of $5.4 million, disposals due to unit sales of $2.1 million,
depreciation of $2.0 million. Fleet and other financing increased $11.5 million
from April 30, 2013 due to financing relating to the purchase of new fleet
combined with the purchase of the Vancouver property and land in Balzac,
Alberta.


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 Accounting Standard ("IAS") 34, Interim Financial
Reporting.


CanaDream Corporation promotes Canada and the opportunity to "experience Canada
at your own pace(TM)" 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. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as the term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.  


FOR FURTHER INFORMATION PLEASE CONTACT: 
CanaDream Corporation
Mr. Brian Gronberg
President & CEO
Toll Free: 800-461-7368
[e-mail]