CALGARY, ALBERTA--(Marketwire - July 29, 2010) - PFB Corporation (TSX:PFB) reports its financial results for the three and six month periods ended June 30, 2010, and declares regular quarterly dividend.

Results for the Three Month and Six Month Periods Ended June 30, 2010

Consolidated net income for the three months ended June 30, 2010, was $271,000, basic earnings per share of $0.04, compared to net income of $1,977,000, basic earnings per share of $0.30, reported in the comparative three months of 2009. Funds provided by operations during the period were $1,621,000, $0.25 per share, compared with $3,443,000, $0.52 per share, in the second quarter 2009. Sales were $17,338,000 in the second quarter of 2010 as compared to sales of $19,651,000 in the second quarter of 2009, a decrease in sales of $2,313,000 or 11.8%.

For the six months ended June 30, 2010, PFB Corporation reports a loss of $(583,000), basic loss per share of $(0.09), as compared to net income of $916,000, basic earning per share of $0.14 in the comparative six months of 2009. Funds provided by operations during the six month period were $1,111,000, $0.17 per share and $3,385,000, $0.52 per share, for the comparative 2009 period. Sales in the six months ended June 30, 2010 were $28,309,000 as compared to sales of $31,240,000 in the six months ended June 30, 2009, a decrease in sales of $2,931,000 or 9.4%.

C. Alan Smith, Chief Executive Officer, stated "PFB's operations continue to be influenced by external volatilities and economic uncertainties. The prolonged downturn in housing construction in the United States is now expected to persist for an extended period and it is necessary for PFB to make adjustments in the ways that it participates in the niche sectors to which it supplies its building systems. Consolidated sales revenues and gross profit margins are expected to exhibit more strength in the second half of this year beyond that indicated by the first half year performance."

Quarterly Dividend Payment

The Board of Directors has approved the payment of a regular quarterly dividend of $0.06 per common share. The dividend will be paid on August 31, 2010, to shareholders of record on August 13, 2010.

About PFB

PFB Corporation is a vertically integrated manufacturer of insulating building products that are marketed across North America under four brands. Plasti-Fab, EPS Product Solution^® are products, manufactured using expanded polystyrene (EPS) as base raw materials, that are delivered to customers in five segmented markets. Advantage ICF Systems^® are insulating concrete forming systems that are employed to build insulated foundations and walls from concrete in both residential and commercial markets. Insulspan^® Structural Insulating Panels Systems (SIPS) are used to create a building's structural wall frame and to replaces trusses on roof systems to form an energy-efficient structural envelope. Riverbend^® Timber Framing manufactures and sells precision-cut, custom-crafted solid timbers to exacting standards which are delivered to customer's jobsites as ready-to-assemble building packages in conjunction with Insulspan SIPS for the walls and roof, and Advantage ICFS for the building's foundations.

PFB Corporation is listed for trading on the Toronto Stock Exchange, symbol PFB.

PFB Corporation's unaudited interim consolidated financial statements and interim MD&A for the second quarter of fiscal 2010 will be posted on SEDAR (www.sedar.com) by August 13, 2010.