Minister joins roundtable discussion with young entrepreneurs

October 18, 2011 - Montreal, PQ – Today, the Canadian Youth Business Foundation (CYBF) hosted the HonourableMaxime Bernier, Minister of State (Small Business and Tourism) at a roundtable with eight CYBF young entrepreneurs, at the Montreal showroom of local kitchen designer and CYBF entrepreneur, Group 3R.

The roundtable, held in celebration of the Year of the Entrepreneur and Small Business Week®, focused on the importance of strengthening youth entrepreneurship across Canada. Young entrepreneurs are critical in fostering Canada’s growth, creating jobs and cultivating innovation and prosperity.
At a press conference following the roundtable, Minister Bernier used the opportunity to formally launch Small Business Week® and to announce the recent federal grant earmarking $20 million over two years in funding for CYBF. The funding will enable the national organization to launch more than 1,000 new businesses which are expected to create more than 6,700 new Canadian jobs.

 “The Canadian Youth Business Foundation is grateful to the Government of Canada for its ongoing commitment to young entrepreneurs,” states Vivian Prokop, chief executive officer of CYBF, widely considered the go-to organization driving youth entrepreneurship in Canada. “This contribution will help CYBF to continue to support the ideas, the innovation and the entrepreneurial spirit of Canada’s youth, and enable us to unleash the entrepreneurial potential of young people to generate ideas, expand innovation and create jobs and wealth in communities from coast to coast to coast."

‘’The $20 million we are investing today through the next phase of Canada’s Economic Action Plan demonstrates our government’s continued support for small businesses, the motor of job creation and economic growth,’’ said Minister of State Bernier. ‘’ We are committed to supporting the CYBF as it works with the business leaders of tomorrow.”

“As President of the Canadian Federation of Independent Business and board member of the Canadian Youth Business Foundation, we are delighted with the federal government’s ongoing commitment to Canadian Youth Business Foundation,” said Catherine Swift. ”Entrepreneurship is key to Canada’s current and future success as a strong economy and society.”

® Small Business Week is a registered trademark of the Business Development Bank of Canada (BDC).

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About the Canadian Youth Business Foundation – Canada’s Entrepreneur Gateway
The Canadian Youth Business Foundation (CYBF) is the ‘go to’ place for youth entrepreneurship. As a national charity, we are dedicated to growing Canada’s economy one young entrepreneur at a time. We look at character, not collateral, when providing youth, age 18-34, with pre-launch coaching, business resources, start-up financing and mentoring. We help them launch and sustain a successful entrepreneurial business. www.cybf.ca

CYBF Media Contact:
Rachel Azagury
Senior Manager, Marketing & Communications
Email: razagury@cybf.ca
Phone: 866-646-2922 x2111
Cell: 647-834-2923

 
Montréal, October 14, 2011 – The organizing partners of the Rendez-vous du Savoir are giving the second edition of the event very high thumbs up. Held at the Palais des congrès de Montréal on October 5 and 6, the event once again proved itself an essential part of the process of harmonizing the efforts of universities and businesses for the purpose of establishing durable, productive and innovative collaborations. Just over 3,000 people attended the event’s various activities.
 
“The Rendez-vous du Savoir’s objectives are primarily to celebrate the collective wealth universities help create, to welcome international students, and to build vital synergies between the academic and business communities that will render our society more competitive. The event’s activities enabled us to showcase various types of rewarding partnerships and to start thinking about the types of actions we could be moving forward as a means of encouraging closer working ties between universities and corporations, along with measures that could help speed up the process,” indicated Dr Pavel Hamet, full professor at the Faculty of Medicine of Université de Montréal, holder of the Canada Research Chair in Predictive Genomics, and the event’s co-spokesperson.
 
“We wish to foster and solidify the creation of new ties between business and universities, which would translate into palpable benefits for society as a whole. It’s a rallying call we are sending out to everyone who has a role to play. We must bolster the synergies our society requires to become prosperous, creative and knowledge-driven,” explained Monique F. Leroux, President and CEO of the Desjardins Group, and co-spokesperson for the event.


A reminder that a survey conducted during the Rendez-vous du Savoir by the Board of Trade of Metropolitan Montréal, jointly with the Léger Marketing firm, found that:
 
•       Nearly half of Québec companies do not see the relevance of collaborating with universities.
•       Most Québec companies view the university system merely as a talent incubator.
•       Universities stand to gain by doing a better job promoting their ability to contribute to business success.
•       Companies must try to diversify and increase their collaborations.
 
The survey results helped spark the many discussions that were held throughout the Rendez-vous du Savoir.
 
Rendez-vous du Savoir highlights
 
The Rendez-vous du Savoir kicked off with the Cocktail Conference organized by the Montréal Council on Foreign Relations (MCFR), during which a panel of executive heads of universities and business leaders debated the issue of How can companies and universities better cooperate in order to attract top talent? Before an audience of over 230 people, they concluded the following: as a result of the growing power of many developing countries and fiercer competition among developed nations, Québec must innovate and give itself the means to remain competitive if it is to persuade companies, professionals and students to settle here. Among the ideas proposed by the panel members were the creation of a decisional centre linked to all of Québec’s socio-economic players, better ways of promoting the wealth being generated by current partnerships, and making it easier for foreign students and workers looking to settle in Québec to obtain a visa.

Nearly 1,500 international students enrolled in a postsecondary school attended a welcome party held at the Palais des congrès de Montréal in their honour. The friendly and festive event provided an opportunity to underline in numbers just how much Québec values their presence! Igloofest gave the students a pleasant advance preview of Québec winters. The deejays’ high-charged performances helped crank up the heat and show the students that Québecers never let the cold weather get in the way of a good time.

On October 6, panel discussions organized by the Conference of Rectors and Principals of Québec Universities (CREPUQ) and Montréal International showcased five duos, all collaborative university-business success stories. The participants learned about how to develop similar collaborations and about the tools available to help them meet the challenges associated with making them work.

The discussions were followed by the Board of Trade of Metropolitan Montréal business luncheon, where 550 participants came to hear Professor Rémi Quirion speak about his new role as Chief Science Officer of Québec. Professor Quirion seized the opportunity to talk about his vision for the coming years with regard to the excellence and status of Québec research, and promoting it throughout Canada and globally. He also touched on the importance of supporting young researchers and his future role as a facilitator of more diversified university-business collaborations.

Monique F. Leroux then paid special tribute to the 13 recipients of a Fondation Desjardins university scholarship, and also awarded the Prix Reconnaissance Jeunes dirigeants Desjardins for young officers, in the presence of Desjardins representatives and Québec university rectors. Nearly 150 guests were on hand to salute the quality and perseverance the recipients demonstrated in acquiring their skills, and also to recognize their cooperative spirit, volunteerism and entrepreneurship. Well known for distributing more university bursaries than any other private foundation in Québec, Fondation Desjardins continues to fulfil its mission of helping the province’s youth achieve their dreams and ambitions. 

The Palais des congrès de Montréal Recognition Award Gala helped close the 2nd annual Rendez-vous du Savoir in noteworthy fashion. Over 600 guests attended this remarkable evening dedicated to celebrating the contribution of 11 Ambassadors who helped attract 10 major conventions to Montréal that will generate over $42 million for the city’s economy between now and 2015. The Recognition Award Gala also recognized the exceptional work of four star researchers: Caroline Boudoux, Krista Byers-Heinlein, Samuelle Ducrocq-Henry and Éric Deneault. And the CRIAQ Consortium for Research and Innovation in Aerospace in Québec Consortium was honoured as a Québec model of “business-university” collaboration.

Buoyed by the success of the second annual Rendez-vous du Savoir, the event’s organizing partners are already planning a new edition for Fall 2012. The event will remain faithful to the goal of increased “business-university” collaboration, and as such, will continue to serve as a forum for sparking ongoing partnership agreements.

About the Rendez-vous du Savoir
The Rendez-vous du Savoir (www.rendezvousdusavoir.com) is jointly organized by the Palais des congrès de Montréal, the Board of Trade of Metropolitan Montréal, the Conference of Rectors and Principals of Québec Universities (CREPUQ), the Conférence régionale des élus (CRÉ) de Montréal (Montréal region conference of elected representatives), Montréal International, Ville de Montréal, Tourisme Montréal and the Montréal Council on Foreign Relations (MCFR). Desjardins is the presenting sponsor of the event, and Bell is associate sponsor. The event aims to highlight the collective wealth Québec universities help create and to recognize their important contribution to our society, locally, provincially and internationally.

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For information:              

Karrel Cournoyer / Caroline Couillard
Morin Public Relations for the Rendez-vous du Savoir
514 289-8688 ext. 234 /233
514 233-3211 / 514 755-5729
karrel@morinrp.com / caroline@morinrp.com
info@rendezvousdusavoir.com

 
Montreal North, September 23, 2011 - Gilles Deguire, borough mayor of Montreal North, announced the opening of a Bureau de projets. A first of its kind in Montreal, the street-level office provides residents and business community alike with information, services and visual displays concerning all larger projects under development in Montreal North. The announcement was made in the presence of Montreal Mayor Gérald Tremblay as well as some hundred invited guests, among them many public and private partners who are participating in these key growth projects in the borough.

“We wish to express our enthusiasm for the big urban development projects that will transform Montreal North over the next years. Our Bureau de projets offers visual displays of our vision for Montreal North in 2020, a vision that aims mainly to improve the quality of life for residents through efficient public transport services, ample green spaces, and an enhanced offer for housing, jobs, and recreation. The office is open to residents and the business community alike and will be staffed with a team of professionals who will accompany businesses wishing to invest with us,” said Borough Mayor Deguire.

“The creation of the Bureau de projets is contributing to the realization of our revitalization plan for Montreal East and to our willingness to promote public transport. With projects such as the BRT Pie-IX and the Eastern Commuter Train Line, this sector is making great leaps forward in offering Montrealers a more dynamic economic space and a quality living environment,” underlined Montreal Mayor Gérald Tremblay.

The opening of the Bureau de projets de Montréal-Nord conveniently follows the closing of In Town Without My Car week. Two main public transport projects implemented by the AMT—the Eastern Commuter Train Line, and the Bus Rapid Transit System (BRS)—will serve the borough and become effective motors of sustainable development.

These new hubs of transportation have also inspired three other major projects: the complete restructuring (by the City of Montreal) of the Pie-IX and Henri-Bourassa Interchange, borough plans to build a sports and community complex, and a major campaign to attract residential and commercial real estate projects to Montreal North. The arrival of the BRS on Pie-IX Boulevard is an opportunity for the city and the borough to make this major artery more dynamic, more traffic- and resident-friendly, and greener. Lastly, the revitalization of Charleroi Street, a commercial artery that intersects with Pie-IX, is already well underway and will continue until 2013.

The website montreal-nord2020.com offers detailed information about these major projects and their benefits for current and future residents as well as the many business opportunities. We welcome all Montrealers to explore this virtual showcase or to visit our Bureau de projets at 10861 Pie-IX Boulevard!

                                                                                                   – 30 –

Source: Direction des services administratifs, des relations avec les citoyens et du greffe, Arrondissement de Montréal-Nord - Céline Pelletier, Communications Officer, 514-328-4000, ext. 4021, celine.pelletier@ville.montreal.qc.ca

Information:
Valérie Gonzalo

cell: 514-626-6976
gonzalo@videotron.ca
 
Caroline Couillard

Morin Public Relations
Office: 514-289-8688, ext. 233

cell: 514-755-5729
caroline@morinrp.com

Montreal, September 23, 2011 – Yesterday night’s free show by supercharged Montreal indie rockers Arcade Fire, which was sponsored by SiriusXM Canada on the Place des Festivals, marked the close of the 9th edition of the In Town, Without My car! event. This was the second consecutive year that the event was held during an entire week, and after four days of continuous activity, the Agence métropolitaine de transport (AMT) is beaming with pride at the renewed success of the awareness-raising activities that took place.

 

 
 
MONTREAL, September 14th 2011 – Molson Coors donated yesterday an amount of $325 000 to Pointe-à-Callière Foundation in support of the planned expansion of the Montreal Museum of Archaeology and History. The company thus becomes one of the first private donors to pledge support for this important cultural initiative in the heart of Montreal. The announcement was made in the presence of brothers Andrew and Geoff Molson, Dave Perkins, President and Chief Executive Officer of Molson Coors Canada, Francine Lelièvre, Executive Director of Pointe-à-Callière Museum, and a host of dignitaries. The event, staged on museum premises, also made it possible to underscore, in a location generally regarded as the birthplace of Montreal, the 225th anniversary of the brewery, as well as the contribution of John Molson to the development of the city since the founding of the brewery on the shores of the St Lawrence back in 1786.
 
“This donation by Molson Coors is crucial to Pointe-à-Callière Museum and provides a welcome measure of optimism. The initial stage of our project is already under way, but we are now seeking funding for the second stage of our expansion project and for what is destined to become the Pointe-à-Callière Archaeology and History Complex. It is indeed essential that recent archaeological and historical discoveries surrounding St Anne’s Market and the Parliament of the United Province of Canada not be forgotten. Accordingly, Molson Coors has agreed to provide substantive support for our expansion project,” stated Daniel Desjardins, Senior Vice President, Legal Affairs with Bombardier and Vice-Chairman of the Board of Directors of Pointe-à-Callière Foundation, who graciously accepted the donation on behalf of the Foundation.
 
Molson Coors, the oldest brewery still in operation in North America and the second oldest company in Canada, continues to perpetuate a tradition of community commitment instigated by founder John Molson over two centuries ago. “We are as delighted to contribute to this important community initiative as we are to help Pointe-à-Callière Museum honour the history and heritage of Montreal,” pointed up Andrew Molson, Chairman of the Board of Directors of Molson Coors and 7th generation member of the Molson family.
 
For further information respecting the Museum’s expansion plans, kindly consult the attached technical data sheet.
 
About Molson Coors Canada
With roots dating from 1786, Molson Coors Canada is proudly celebrating its 225th anniversary this year. The Canadian division of Molson Coors Brewing Company is a global brewer with operations in Canada, the US, UK and Asia. The Company proudly offers some of the most popular brands in Canada with an award-winning brand portfolio which includes Molson Canadian, Coors Light, Molson Export, Molson Dry, Rickard's and Molson M. Molson Coors Canada also partners with other leading brewers to offer such global brands as Heineken, Corona, Miller Genuine Draft et Foster’s Lager. Molson Coors Canada employs 3000 Canadians, operates seven breweries, including the boutique brewery Creemore and Granville Island, and invests in communities from coast-to-coast through various charitable initiatives and sports and entertainment sponsorships. Molson Coors Canada is committed to promoting products and events in a responsible manner. www.molsoncoors.com
 
 
About Pointe-à-Callière Foundation
Pointe-à-Callière Foundation is a charitable organization set up to develop ties between Pointe-à-Callière Museum of Archaeology and History and the Montreal community. The Foundation endeavours to develop a sense of community attachment to the history of Montreal, while garnering the resources necessary to support the conservation and enhancement of city venues of exceptional historic and archaeological value. 
 
                                                                                                   - 30 -
 

Information:
Caroline Couillard
Morin Public Relations
T 514 289-8688, extension 233
M 514 755-5729
caroline@morinrp.com
 
Chantale Lavoie
Pointe-à-Callière Foundation
T 514 872-8431
clavoie@pacmusee.qc.ca
 

 
Montreal, QC, September 13, 2011 – This fall Molson Coors celebrates 225 years of brewing excellence. Canada’s second oldest company, Molson Coors continues to be a leader in innovation and a cornerstone in bringing communities together, upholding the vision of its founder, John Molson. To mark the company’s milestone, seventh generation Molson brothers, Geoff and Andrew Molson, will travel across Canada to visit with communities, employees and business partners.
 
“John Molson brewed his first barrel of ale in Montreal in 1786, with the belief that an ‘honest brew makes its own friends’,” says Andrew Molson, Chairman, Molson Coors Brewing Company. “Molson Coors still maintains that passion for producing great beer. Seven generations and 225 years later, Molson is an iconic Canadian brand, making good on John Molson’s original declaration.”
 
While innovation has kept the company at the forefront of beer production, commitment to community has become engrained in Molson Coors’ DNA.  “We are all members of a larger community, which depends on everyone playing a part,” John Molson said to his employees in 1825.  Molson spearheaded the building of Montreal’s first public hospital. He also owned and operated the country’s first steamship line and helped fund the nation’s first railway company.
 
For the past two centuries Molson Coors has strived to uphold John Molson’s legacy, with a continued commitment to community investment and employee volunteerism. The company has expanded its stake in corporate social responsibility with practices dedicated to environmental stewardship, including a global water strategy to promote sustainable water use, responsible sourcing principles and the promotion of responsible alcohol use.
 
“The growth of Molson Coors has as much to do with the making of great beer as it does with the people who are a part of it and the communities that we serve, always ensuring that we have a positive role to play in doing our part,” says Geoff Molson. “We’re proud to celebrate this milestone in our company’s history with the communities that have contributed to our success over the last 225 years.”

The Molson family tour begins in Vancouver (Sept. 27-28), followed by Edmonton (Sept. 28), Calgary (Sept.29), Moncton (Oct. 4) and ends in St. John’s (Oct. 5-6).
 
About Molson Coors Canada
With its roots dating from 1786, Molson Coors Canada is proudly celebrating its 225th anniversary this year. The Canadian division of Molson Coors Brewing Company is a global brewer with operations in Canada, the U.S., U.K. and Asia. The Company proudly offers some of the most popular brands in Canada with an award-winning brand portfolio which includes Molson Canadian, Coors Light, Molson Export, Molson Dry, Rickard's and Molson M. Molson Coors Canada also partners with other leading brewers to offer such global brands as Heineken, Corona, Miller Genuine Draft et Foster’s Lager. Molson Coors Canada employs 3,000 Canadians, operates seven breweries, including the boutique brewery Creemore and Granville Island, and invests in communities from coast-to-coast through its various charitable initiatives and sports and entertainment sponsorships. Molson Coors Canada is committed to promoting its products and events in a responsible manner.

                                                                                                      -30-
 
For further information, please contact:
Gina Kohn / Jess Rutledge                                                                                                          

Paradigm Public Relations                                           
416.413.5189 / 416.413.5187
gkohn@paradigmpr.ca / JRutledge@paradigmpr.ca
 
Source :
Marie-Hélène Lagacé
Molson Coors Canada

 
A compelling activity schedule
 
Montréal, September 8, 2011 - After a successful first edition, the Rendez-vous du Savoir is back this October 5 and 6 at the Palais des congrès de Montréal. This year’s theme: How Universities Contribute to Business Development.
 
This second edition of the Rendez-vous du Savoir will once again serve to recognize the wealth Québec universities generate and showcase their important contribution to society at the regional, provincial and international levels.
 
“This gathering will be a fine showcase for promoting research,” explains Dr. Pavel Hamet, co-spokesperson for the event and a world-renowned researcher. “It is an inspirational example of cooperation between various segments of the Montréal community and an excellent opportunity to advocate the importance of universities and businesses contributing to each other’s endeavours.”
 
Eight organizations have joined forces to put together a very interesting schedule: the Palais des congrès de Montréal, the Board of Trade of Metropolitan Montréal, the Conference of Rectors and Principals of Québec Universities (CREPUQ), the Conférence régionale des élus (CRÉ) de Montréal (Montréal region Conference of elected representatives), Montréal International, the Ville de Montréal, and two new partners: Tourisme Montréal and the Montréal Council on Foreign Relations (MCFR).
 
“After the success of the first edition, it is with great pleasure that I accepted to be part of the Rendez-vous du Savoir once again. It is crucial that we focus on our major strengths as a means of ensuring the sustained prosperity of our society: education, innovation and entrepreneurship.  This requires uniting the resources of the academic community, the business community and the regions. Desjardins’ involvement in this event speaks to this collective duty we must all share,” adds Monique F. Leroux, co-spokesperson for the event, and President and Chief Executive Officer of the Desjardins Group.
 
The Rendez-vous du Savoir is proud to welcome again Desjardins as the presenting sponsor of the event.
 
A full and diverse schedule
October 5
·    10:30 a.m.: Opening Press Conference - Announcement of the results of the pan-Canadian survey jointly carried out by the Board of Trade of Metropolitan Montréal and Léger Marketing
·    5:00 p.m.: Cocktail Conference organized by the Montréal Council on Foreign Relations on How companies and universities can better cooperate in order to attract talent?
·    7:30 p.m.: International Student Welcome Party organized by the CRÉ de Montréal and Ville de Montréal, nearly 2,000 students expected
 
October 6
·    8:00 a.m.: Panel Discussions organized by CREPUQ and Montréal International on University contributions to business development - Success stories 
·    12:00 p.m.: Board of Trade of Metropolitan Montréal Business Luncheon – Invited speaker: Professor Rémi Quirion, for his first public speaking engagement as Chief Science Officer of Quebec
·    2:00 p.m.: Fondation Desjardins Scholarships Awards Ceremony
·    5:30 p.m.: Palais des congrès de Montréal’s Recognition Award Gala
 
See the complete schedule on www.rendezvousdusavoir.com
 
                                                                                                -30-
 
For information :       
Karrel Cournoyer / Caroline Couillard                                
Morin Public Relations for the Rendez-vous du Savoir                   
514 289-8688 ext. 234 /233
514 233-3211 / 514 755-5729                                                         
karrel@morinrp.com /caroline@morinrp.com
info@rendezvousdusavoir.com

 

FINANCIAL HIGHLIGHTS FOR THE SECOND QUARTER ENDED JULY 31, 2011

All results are disclosed in accordance with the new International Financial Reporting Standards ("IFRS").

• Revenues amounted to $13.1 million, posting a slight increase over the same quarter of the 2011 fiscal year.
• ADF Group closed the quarter with net earnings comparable to those for the second quarter of the 2011 fiscal year, being $0.8 million or $0.02 per share (basic and diluted).
• The Corporation declares the payment of a second semi-annual dividend for the 2012 fiscal year.

Terrebonne, Quebec, September 7, 2011

ADF GROUP INC. (“ADF” or the “Corporation”) (DRX/TSX) closed the second quarter of the 2012 fiscal year with revenues of $13.1 million, posting a slight increase over the same quarter of the 2011 fiscal year, despite an appreciation of approximately 7% in the Canadian dollar against the U.S. dollar between the two reporting periods. For the six-month period ended July 31, 2011, ADF Group recorded year-to-date revenues of $26.3 million, compared with $26.6 million the previous year.

The second-quarter gross profit margin as a percentage of revenues was 24%, being the same level as in the corresponding quarter of the previous year, whereas the gross margin for the six-month period ended July 31, 2011 also stood at 24% compared with 26% a year earlier.

ADF posted second-quarter net earnings of $0.8 million or $0.02 per share (basic and diluted), which compares to those for the second-quarter of the previous year. For the first six month period, net earnings amounted to $1.9 million or $0.06 per share (basic and diluted), compared with $2.8 million or $0.08 per share (basic and diluted) for the first half of the previous year. Besides the negative impact of currency fluctuations and a different revenue mix, this decline is attributable to the non-recurrence of certain favourable items recognized last year, the realization of lower exchange gains than the previous year and a higher tax rate.

The Corporation’s operating activities provided cash flows of $4.2 million in the second quarter and $9.3 million for the first six months ended July 31, 2011. As at July 31, 2011, the Corporation had working capital of $42.2 million, including short-term available liquidities (cash, cash equivalents and short-term investments) of $27.8 million. Therefore, available liquidities exceeded ADF Group’s total debt by $20.7 million, placing the Corporation in a solid position to support its ongoing operations, pursue its development projects and remunerate its shareholders in accordance with the dividend payment policy implemented at the beginning of fiscal 2012.

Dividend

The Corporation announces today the payment of a second semi-annual dividend of $0.01 per subordinate and multiple voting shares, which will be paid on October 17, 2011 to shareholders of record as at September 22, 2011.

Outlook

As at July 31, 2011, ADF Group’s order backlog stood at $53 million, the execution schedule of which should extend until the end of the second quarter of the Corporation’s 2013 fiscal year.

Jean Paschini, Chairman of the Board and Chief Executive Officer indicated that "although current economic conditions are still a concern in the United States, the major mandates on which we are presently working as part of the restoration of the World Trade Center, in New York City, will provide a stream of profits for ADF Group over the next quarters".

In the near term, in order to replenish its order backlog, the Corporation will be mostly focusing its development efforts on the Canadian market where the economic outlook is more favourable. The joint venture to set up a fabrication plant in Manitoba is proceeding as planned and the Corporation is confident that this facility will be operational in 2012. The Corporation also remains on the lookout for business opportunities in the public and industrial infrastructures segments in Eastern Canada, including in Quebec.

	2011 Fiscal Year
	Annual	Q4	Q3	Q2	Q1
	12 months ended 2011.01.31	3 months ended 2011.01.31	3 months ended 2010.10.31	3 months ended 2010.07.31	3 months ended 2010.04.30
(In thousands of CA$)	$	$	$	$	$
Net Income
Previous GAAP	3,743	1,037	630	878	1,198
Impact of IFRS standards, after income taxes
—   Exchange differences on translation of foreign operations	1,623	639	308	(70)	746
—   Share-based compensation	51	4	(28)	31	44
—   Amortization of property, plant and equipment and intangible assets	(26)	(6)	(7)	(6)	(7)
	1,648	637	273	(45)	783
IFRS	5,391	1,674	903	833	1,981
Gross Margin
Previous GAAP	17,072	5,146	3,495	3,850	4,581
Impact of IFRS standards :
—   Reclassification of amortization of property, plant and equipment and intangible assets	(2,936)	(735)	(739)	(782)	(680)
IFRS	14,136	4,411	2,756	3,068	3,901
Gross Margin (as a % of revenues)
Previous GAAP	31%	34%	26%	30%	34%
IFRS	26%	29%	20%	24%	29%
EBITDA1
Previous GAAP	10,871	3,122	2,069	2,525	3,155
Impact of IFRS standards :
—   Share-based compensation	51	4	(28)	31	44
IFRS	10,922	3,126	2,041	2,556	3,199

 

Caroline Couillard 
Morin Public Relations
(514) 289-8688, ext. 233

 
Montreal, September 1st, 2011—Strophe and Negotium Technologies announce that they have merged their operations. The new organization, known as Negotium Technologies, consolidates its leadership position in the information technology sector and now plans rapid expansion in the American market.

“Following this merger with Strophe, we can now offer a broader range of solutions to our clients,” said André Poirier, president of Negotium Technologies.  “It significantly enhances our leadership position as a partner of Microsoft Dynamics solutions and further distinguishes us from the competition with an expanded offering for our current and future clients,” he added.

 

Negotium Technologies is solidly established in Quebec, and has the largest number of deployments of Microsoft Dynamics AX enterprise resource planning solution. Having taken part in more than 33 such deployment projects in North America, the company has developed state-of-the-art expertise for distributors and manufacturers.

 
Strophe is the leading Microsoft Dynamics GP and CRM partner in Canada. The company has more than 360 deployments to its credit in Canada and the US, and has been honoured with Microsoft’s prestigious President Club and Inner Circle awards.

Taking aim at the United States
The company is now well positioned to continue its growth, which will see it become solidly established in the northeastern United States. “With its office in California, Strophe already enjoys a strong presence in the American management solutions market. This transaction opens the door for our products and services in electronic data exchange (EDI) and consulting services. Moreover, our sales force is already implementing the aggressive growth plan defined in the transaction to benefit from the leverage effect as quickly as possible,” said Mr. Poirier.

The merger of these two companies will enable Negotium Technologies to further assert itself as a key player in the development and integration of solutions in electronic data exchange (EDI), business intelligence (BI), customer relationship management (CRM) as well as enterprise resource planning (ERP).

About Negotium Technologies
Negotium Technologies is a supplier of business solutions supported by the technological presence of units of local consulting services. The company offers proven solutions for end-to-end integration of data exchange, both within an enterprise and with external partners, suppliers and customers in the supply chain. Negotium Technologies is always on the lookout for emerging technologies in an ever-changing world, and its clients benefit from cutting-edge solutions adapted to the new realties and challenges of the industries its serves.

 
About Strophe
Strophe is an award-winning partner for Microsoft Dynamics management solutions and a Microsoft Gold-Certified Partner based in Laval, serving the greater Montreal and Ottawa regions. For almost two decades, the company has built incomparable expertise while serving a growing clientele of more than 360 companies in Canada and the United States with skill and an absolute drive to fully satisfy each client. Strophe offers the most efficient solutions and facilitation for their implementation and integration from the Microsoft Dynamics family of products.
 
Information:
 
Mathieu Beaudoin / Monica Pelletier
Morin Relations Publiques
514-289-8688, ext.  225 / 238
mathieu@morinrp.com / monica@morinrp.com

 
Montreal, August 31, 2011—From September 19 to 23, In Town Without My Car All Week Long will take downtown Montreal and surrounding areas by storm, for the ninth straight year! Organized by Agence métropolitaine de transport (AMT) in association with several partners, the event will again run all week long and will feature a wide array of activities in Phillips Square to raise awareness about alternative forms of transportation.
 
Joël Gauthier, the AMT’s president and CEO, was joined by Emmanuel Bilodeau, the event’s spokesperson, Marvin Rotrand, Vice-President of the Société de transport de Montréal (STM) and Majority House Leader for the Montreal City Council, Gladys Caron, vice-president, public affairs, communications and investor relations, at Laurentian Bank, and Ann MacDonald, vice-president, business development, at Bombardier Transportation Canada, as he announced this year’s program at a media briefing held in Phillips Square.
 
Since this has been a particularly difficult year for transportation in Montreal, the AMT decided to do its part by rethinking the sector that would be closed to traffic on September 22. In keeping with tradition, Sainte-Catherine Street will be closed to cars from 9 a.m. to 3:30 p.m., between McGill College and de Bleury. However, in order to mitigate the impact on the heavy congestion experienced by downtown motorists on a daily basis, the cross streets will remain open. For the first time this year, many boroughs and some of the cities served by the AMT network will also mark the event by closing a zone within their territory to traffic. Also new this year, the AMT has teamed up with Festival Pop Montréal to treat Montrealers to a free concert by the award-winning group Arcade Fire, presented by SiriusXM Canada at Place des Festivals in the entertainment district, on Thursday, September 22.
 
“I’m delighted with the continued success of our event year after year,” said Mr. Gauthier. “Last year, we decided to present a week-long event, and our gamble paid off. Thousands of people participated in the activities every day, and close to 55,000 people took advantage of the big urban park on September 22. By adapting In Town Without My Car to the current context, the AMT is pursuing its mission to raise awareness as it presents a new concept that takes the city’s traffic situation into account. We know that the people who take part in the movement realize that when you travel by train, bus, bicycle or metro, roadwork has much less impact on getting around the city.”
 
 
"Since the launch of Quebec’s first public transit policy, our government has invested close to $5 billion to improve and develop viable alternatives to car use,” said Sam Hamad, Quebec’s Minister of Transport. “There are also the measures announced last week, in collaboration with our partners, aimed at minimizing the impact of congestion on the roads in the Greater Montreal region. I therefore invite you to take advantage of this week of activities to form new habits and make public transit a daily choice, regardless of the time of year.”
 
“I can’t help but be enthusiastic about In Town Without My Car,” said spokesperson Emmanuel Bilodeau. “Leaving my car at home whenever possible has been a reflex for me for almost 20 years. As a result, I save thousands of dollars on gas, I stay fit and I do my part to make the air cleaner. If everyone made an effort to bike, walk and take the metro, train or bus, even a few times a week, there’s no doubt that Montrealers would see their stress levels drop radically. From September 19 to 23, I’m putting out the challenge to everyone to try active and public transportation. By taking baby steps, you’ll acquire a taste for it!”
 
Phillips Square: the hub of activity
From September 19 to 22, many activities are planned for Phillips Square, located in the heart of the sector that will be closed to traffic on September 22. Visitors will have an opportunity to attend shows, workshops, round-table discussions, debates and talks on environmental and transportation-related topics.
 
Monday, September 19
A talk by the David Suzuki Foundation and a round table with François Cardinal, Davide Gentile and Yves Desautels, hosted by Annie Desrochers, will turn Phillips Square into a public forum for the exchange of ideas and solutions that will benefit the environment. In addition, a klezmer band and Equiterre’s Transportation Cocktail squad will be on hand to create a festive mood on the site. As well, squads from the Laurentian Bank will present activities at downtown stations and terminals at peak hours to thank public transit users.
 
Tuesday, September 20
The big tent in Phillips Square will be the setting for a public speaking contest for grade 7 and 8 students in the morning, and for grade 5 and 6 students in the afternoon. Hosting the contest will be actor Frédéric Barbusci. During the noon hour, visitors and students will be able to enjoy the stirring rhythms of the Gumboots.
 
Wednesday, September 21
The day will begin with the now-traditional Corporate Breakfast, where organizations that encourage their employees to use active and public transportation will be rewarded for their efforts. This will be followed by a round table in Phillips Square, where representatives from the environmental and transportation sectors will discuss the AMT’s strategic plan. The discussion, which will be open to the public and moderated by Stéphan Bureau, will give Montrealers an opportunity to learn about the major directions in public transit in their region for the years ahead. There will also be yoga and other activities organized by the YMCAs of Québec on the site.
 
Thursday, September 22
From 9 a.m. to 3:30 p.m., Sainte-Catherine Street will be closed to traffic between McGill College and de Bleury. The cross streets will remain open to traffic in order to lessen the event’s impact on downtown congestion. Throughout the day, there will be a mini-golf activity hosted by none other than former champion Carl Carmoni, awareness-raising workshops, tai chi and other activities in the urban park created especially for this occasion. Between noon and 1 p.m., Michel Rivard, Emmanuel Bilodeau and other artists will announce the grand winner and the nine finalists of the song contest, in a show that will combine musical performances and a public talk in Phillips Square. In the evening, the Place des Festivals in the entertainment district will come to life with a free show by the celebrated Montreal group Arcade Fire, presented by SiriusXM Canada and made possible with support from Festival Pop Montréal, the AMT and other partners.
 
In Town Without My Car—throughout the metropolitan region
For the first time this year, several boroughs and municipalities in the Montreal region will be taking part in the event by closing some of their roads to traffic or presenting activities so that pedestrians and cyclists can freely take to the streets.

Event partners
Since 2003, AMT has been presenting In Town Without My Car with the support of many partners. This year, the Laurentian Bank is back as the event’s official presenter. The AMT’s other loyal partners include the Société de transport de Montréal, the Ministère des Transports du Québec and the Ministère du Développement durable, de l’Environnement et des Parcs, which will join forces to present In Town Without My Car All Week Long.
 
Other supporting organizations include Astral Radio, CN, Bombardier, Le Diplomate SNC-Lavalin and the Fondation québécoise en environnement. Numerous other partners are helping to raise awareness and thereby contributing to the success of the various activities, performances and demonstrations.
 
About the AMT
The Agence métropolitaine de transport is a metropolitan government agency with a mission to plan and expand public transit services in order to improve the efficacy of passenger travel in the Greater Montreal region. The AMT currently operates five train lines, 51 stations, 32,000 spots in 61 park-and-ride lots, 16 metropolitan terminals, 85.2 km of reserved lanes and one metropolitan express bus line. The AMT’s suburban trains have an annual ridership of nearly 16 million passengers, which ranks Greater Montreal sixth in North America.
 
For more information: amt.qc.ca/enville
Customer service: 514 287-TRAM
 
In Town Without My Car All Week Long on the Web
Join us on Facebook! amt.qc.ca/evsmv 
Twitter: #EnVille
 
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Information:
Charles Durivage
Morin Relations Publiques
514-289-8688, ext. 227
Cell: 514 894-4186
charlesd@morinrp.com 
 
Caroline Couillard
Morin Relations Publiques
514-289-8688, ext. 233
Cell: 514-755-5529
caroline@morinrp.com
 

 
MONTRÉAL – August 29, 2011 – Today, Bayer Inc. announced the Health Canada approval of STAXYN® (vardenafil hydrochloride 10 mg), the first orally disintegrating tablet for the treatment of erectile dysfunction (ED) that lasts up to eight hours. Now, for the first time in nearly a decade, younger Canadian men with ED have a new and effective treatment option that rapidly dissolves on the tongue, is roughly half the cost of most ED medications and fits their lifestyle needs.
 
“Physicians are increasingly seeing men in their 30s, 40s and early 50s with ED who have no obvious physical cause, such as diabetes, high cholesterol or hypertension, and it’s actually stress acting as a trigger,” said Dr. Gerald Brock, Professor in the Department of Surgery, Division of Urology, at St. Joseph's Health Centre in London, Ontario.  “As a physician who commonly sees and treats these men, I am pleased that STAXYN is available for this patient population – it’s a safe and effective option for men with ED, that dissolves quickly on the tongue and lasts up to eight hours when used as indicated.”
 
Unlike men in their late 50s and 60s, research shows that younger ED patients (aged 35-55 years) attribute stress (59 per cent) as one of the main causes of their ED.[1] These younger men who perceive their ED as temporary are proactive in seeking suitable treatment options for their condition.[2]  
 
 

STAXYN has features that are appealing to the younger ED patient, including:
 
·         First orally disintegrating tablet that rapidly dissolves on the tongue within seconds;
 
·         Sex can be initiated for up to eight hours after taking STAXYN;
 
·         Available in Canada at roughly half the cost of most prescription ED medications per unit;
 
·         Comes in a sleek, black, pocket-sized slide-out package with four tablets;
 
·         STAXYN can be taken before or after a meal;
 
·         The efficacy of STAXYN is not affected by moderate amounts of alcohol.
 
Research shows that 43 per cent of ED medication users split their pills to save money;[3],[4] however, splitting pills can effect efficacy. The affordability of STAXYN may address this behaviour.
 
“Unfortunately, splitting pills is a common practice among ED patients and is generally done to combat the lack of affordability of other ED treatments,” said Dr. Francois Bénard, Associate Professor and Director of Urology, St-Luc Hospital, Montreal, Quebec. “Now with STAXYN, my younger patients can have a treatment that works and meets their needs, without splitting pills.”
 
Erectile dysfunction in Canada
Erectile dysfunction (ED) is defined as the consistent or recurrent inability of a man to attain and/or maintain a penile erection sufficient for sexual performance.[5]   Approximately 152 million men worldwide[6] and three-to-four million Canadian men suffer from ED.[7]  The number of men with ED is expected to more than double to 322 million worldwide by 2025.[8]  Despite the high prevalence of sexual dysfunction, experts estimate that only 30 per cent of men seek professional help and the percentage of those who actually receive treatment is even lower.[9] 
 

About STAXYN®
STAXYNÒ is indicated for the treatment of erectile dysfunction (difficulties or inability to achieve or maintain penile erection sufficient for satisfactory sexual performance).
 
The overall efficacy and safety of vardenafil have been widely demonstrated in numerous clinical trials. STAXYN was tested in the Phase III multinational trials POTENT I and II (Pivotal phase III trial to investigate the efficacy and safety of STAXYN versus placebo in the treatment of men with ED: fixed-dose, double-blind, randomized multicentre trials).  The POTENT II study was conducted in Canada, the United States, Mexico and Australia.
 
These pivotal studies compared the efficacy and safety of STAXYN with placebo after 12 weeks of treatment in a general population of men with ED.  These two international twin studies were conducted with identical study design, enrolling a total of 701 men above the age of 18 years who had ED for more than six months.[10] For both POTENT I and II studies, STAXYN was statistically superior to placebo for all primary {International Index of Erectile Function (IIEF-EF), erection sufficient for penetration (SEP2), and erection to successful intercourse (SEP3)} efficacy measures
(all p<0.0001 versus placebo).
 
As with other PDE5 inhibitors co-administration of STAXYN with nitrates and nitric oxide donors is contraindicated.  Concomitant use of STAXYN with indinavir, ritonavir, ketoconazole, itraconazole, erythromycin or clarithromycin is contraindicated, as they are potent inhibitors of CYP 3A4.  Patients should be stable on alpha-blocker therapy before prescribing STAXYN. Patients receiving alpha-blocker therapy should not use STAXYN as a starting dose.
 
Treatments for erectile dysfunction, including STAXYN, should generally not be used in men for whom sexual activity is not recommended because of their underlying cardiovascular status.
 
If a patient is taking STAXYN and experiences temporary or permanent loss or change in vision in one or both eyes, he should stop taking STAXYN and call his doctor. Sudden decrease or loss of hearing has been reported with the use of this class of drug (PDE5 inhibitors), including STAXYN. If a patient experiences these symptoms, he should stop taking STAXYN and contact his doctor.
 
 
STAXYN contains Aspartame, a source of phenylalanine, and may be harmful for people with phenylketonuria. A patient should talk to his doctor or pharmacist if he has phenylketonuria or an intolerance to sorbitol.
 
The most common adverse events observed in trials with STAXYN were headache (14.4%), flushing (7.6%), nasal congestion (3.1%), dyspepsia (2.8%), dizziness (2.3%), and back pain (2.0%).
 
Patients should refer to the Product Monograph for complete information.
 
About Bayer Inc.
Bayer Inc. (Bayer) is a Canadian subsidiary of Bayer AG, an international research-based group with core businesses in health care, crop science and innovative materials.  Headquartered in Toronto, Ontario, Bayer Inc. operates the Bayer Group's HealthCare and MaterialScience businesses in Canada.  Bayer CropScience Inc., headquartered in Calgary, Alberta operates as a separate legal entity in Canada. Together, the companies play a vital role in improving the quality of life for Canadians – producing products that fight diseases, protecting crops and animals, and developing high-performance materials for applications in numerous areas of daily life.  Canadian Bayer facilities include the Toronto headquarters and offices in Montréal and Calgary.
 
Bayer Inc. has approximately 800 employees across Canada and had sales of $827 million
CDN in 2010. Globally, the Bayer Group had sales of over 35 billion Euro in 2010. Bayer Inc.
invested approximately $36 million CDN in research and development in 2010. Worldwide, the
Bayer Group spent the equivalent of over 3.1 billion Euro in 2010 in R&D. For more information,
go to www.bayer.ca.

                                                                                                      -30-


For more information, or to arrange an interview, please contact:


Karrel Cournoyer
Morin Relations Publiques
514-289-8688, poste 234
karrel@morinrp.com

Michael Kerr
Bayer Inc.
416-240-5958
michael.kerr@bayer.com


 


 
References:




1 Research Strategy Group Inc.  "STAXYN Patient Research: Phase 2 Quantitative."  July 4, 2011. Slide 15.
[2] Research Strategy Group Inc.  "STAXYN Patient Research: Phase 2 Quantitative."  July 4, 2011. Slide 11 and 12.
[3] Research Strategy Group Inc.  "STAXYN Patient Research: Phase 2 Quantitative."  July 4, 2011. Slide 8.
[4] Research Strategy Group Inc.  "STAXYN Patient Research: Phase 2 Quantitative."  July 4, 2011. Slide 8.
[5] Araugo et al. Relation between the Psychosocial Risk Factors and Incident Erectile Dysfunction:   Prospective Results from the Massachusetts Male Aging Study. American Journal of Epidemiology 2000; 152, no.6: 533 – 541.
[6] Aytac IA, McKinlay JB, Krane RI. The likely worldwide increase of erectile dysfunction between 1995 and 2025 and some possible policy consequences. BJU Int 1999; 84:50-56.
[7] Canadian Male Sexual Health Council. What is Erectile Dysfunction? Accessed August 2, 2011. http://www.cmshc.ca/Education0.php.
[8] Aytac IA, McKinlay JB, Krane RI. The likely worldwide increase of erectile dysfunction between 1995 and 2025 and some possible policy consequences. BJU Int 1999; 84:50-56.
[9] Shabsigh et al. Sexual Medicine: Drivers and barriers to seeking treatment for erectile dysfunction: a comparison of six countries. BJU International, 2004.
[10] Sperling H. et al. Efficacy and Safety of an Orodispersible Vardenafil Formulation for the Treatment of Erectile Dysfunction in Elderly Men and Those with Underlying Conditions: An Integrated Analysis of Two Pivotal Trials. Journal of Sex Medicine. 2011; 8: 261-271.
 

 
Montreal, July 11, 2011—Planning a family vacation can be a headache when it comes to organizing and choosing activities. But now, finding original ideas that will appeal to young and old alike is child’s play, thanks to QuebecMusts.com! This website, which is entirely in English, presents all of Quebec’s suggested must-sees, including those for families (Family Fun), through a wide variety of itineraries for road trips and activities.

Whether you choose to visit the Granby Zoo and its exciting water park, discover Mont-Tremblant and its lively village, take a relaxing stroll among the lavender bushes in the Magog region or a panoramic excursion on the Hull-Chelsea-Wakefield steam train, or enjoy a day of fun and thrills at La Ronde in Montreal, suggestions for what to do in Quebec are now just a click away.

From Mont-Tremblant to the Eastern Townships, with a stop to Montreal: this is just one of the proposed road trips for visiting Quebec with the family and making sure you don’t miss a thing!

Step 1: Mont-Tremblant – let the holidays begin!
The Mont-Tremblant region offers a vast array of family activities, from a sports outing to an afternoon spent in the festive ambience of Mont-Tremblant village. Feel like sampling a beaver tail for an afternoon treat, a walk on a sunny mountainside or a fine meal on the main square while you are serenaded by buskers? This Must-See is for you. Mont-Tremblant is also the perfect place to relax and breathe in the pure mountain air. What better way to start your vacation!

Step 2: Montreal – so much to do!
Once you feel rested, you can head for the second destination, one that pulsates with life day and night: Montreal. The quintessential cosmopolitan city is the perfect place to make the most of your family vacation. If you enjoy outdoor activities, you’ll be thrilled with the many festivals in the Entertainment District, the attractions at La Ronde and strolls in the Old Port or along the Lachine Canal, while the kids will be delighted by the city’s many ice cream shops. For those who prefer the great indoors, the Science Centre, Montreal Museum of Fine Arts and numerous concerts presented in Montreal’s many concert halls have much to offer to young and old alike.

Step 3: A visit to the Eastern Townships: last stop, everybody out!
After this exciting urban foray, set your sights on the Eastern Townships. With its mountains, hills and valleys, it’s tailor-made for a road trip to remember. The kids will be amazed by all the different animals at the Granby Zoo, the largest in Quebec, while their parents will appreciate the region’s many fine restaurants and wine cellars.

With the numerous suggestions on www.quebecmusts.com, your family vacation is sure to be unforgettable.

Check the site regularly when planning your vacation or looking for more information about everything  going on in Quebec.
 
About QuebecMusts.com
Established in 2007, QuebecMusts.com is supported by the Société des Attractions Touristiques du Québec (SATQ). Its mission is to highlight and discover exceptional destinations and attractions across Quebec, particularly those with incredible natural heritage, for an enriching travel experience. It also features accommodation deals and packages to help plan your trip. For more information on QuebecMusts, please visit www.QuebecMusts.com. 

                                                                                                   – 30 –

For any additional information and visuals or to interview a representative from the Société des Attractions Touristiques du Québec (SATQ), please contact:

Thomas Bastien
Morin Public Relations
514-289-8688, ext. 237
thomas@morinrp.com  

 
Montreal, June 21, 2011—Synergis Capital Inc., an investment bank founded in Montreal in 2003, is pleased to announce that it is joining the largest network of mergers and acquisitions companies dedicated to transactions of up to $250 million, M&A International. It is by unanimous decision that Synergis Capital was accepted by M&A international during its AGM in London on June 11.

“We’re pleased and very proud to join the M&A International network,” said Stéphane Le Bouyonnec, founder and president of Synergis Capital. “Membership in this leading group will enable us to consolidate our position as a key player in the field of mergers and acquisitions on the international scene, in addition to give us access to the specialized expertise all over the world. There is no doubt this adds value to our service offering for all our clients.” 

Synergis Capital offers a high level of technical expertise and support to a wide range of clients for transactions of up to $250 million. Its clients include Léger Marketing, Transdev, Systemex Communications and CIT –Lab Recherche, for which it has handled major cross-border transactions.

“Already, our new partners recognize the added value and the complementary possibilities offered by our solidly established business network here in Canada.We are looking to the future with optimism,” concluded Mr. Le Bouyonnec.
 
About M&A International Inc.
Established in 1985, M&A International Inc. offers the unparalleled, global resources of over 500 M&A professionals operating in every major financial centre of the world. We are closely linked and together we advise our clients on acquisitions, divestitures and financing. We have closed over 1,400 transactions totaling more than US$85 billion in transaction value in the past five years. To learn more about M&A International please visit www.mergers.net
 
About Synergis Capital Inc.
Since 2003, Synergis Capital has offered a full range of value-added advisory services in the area of mergers and acquisitions and related corporate finance advisory services for medium-sized transactions (“the mid-market”). Based in Montreal, the company is a Canadian leader, offering its clients global transaction capabilities based on an understanding of the local market. Synergis operates in a context in which companies have a growing need for independent investment banks with a global reach that can provide customized services accompanied by a commitment to total quality. For more information, visit www.synergiscapital.com
 
                                                                                                      -30-
 
Information:
Caroline Couillard
Morin Public Relations
514-289-8688, ext. 233
caroline@morinrp.com

 
FINANCIAL HIGHLIGHTS FOR THE FIRST QUARTER ENDED APRIL 30, 2011

The results are disclosed in accordance with the new International Financial Reporting Standards ("IFRS").

—        Revenues amounted to $13.2 million compared with $13.6 million for the same quarter of fiscal 2011.

—        The Corporation closed the quarter with a net income of $1.1 million or $0.03 per share (basic and diluted), compared with a net income of $2.0 million or $0.06 per share (basic and diluted) in the same period of fiscal 2011.

—        As at April 30, 2011, ADF’s posted a cash surplus of more than $17 million over its total debt of, representing a significant increase of 35% compared with January 31, 2011.

—        Operating cash flows improved considerably, compared with the quarter ended on April 30, 2010, reaching $5.0 million during the first quarter of fiscal 2012.

Terrebonne, Quebec, June 15, 2011

For the three-month period ended April 30, 2011, ADF GROUP INC. (“ADF” or the “Corporation”) (DRX/TSX) revenues were comparable to those for the same period of the previous year, and even posted a slight increase notwithstanding the increase in relative value of more than 5% of the Canadian dollar against the U.S. dollar between the two reporting periods. Revenues thus amounted to $13.2 million for the first quarter of the current fiscal year, compared with $13.6 million for the same quarter of last year.

The gross margin as a percentage of revenues stood at 24%, versus the high of 29% achieved in the first quarter of the previous year. This change is primarily explained by the fact that the supply of steel accounted for a larger proportion of the revenue mix this year. However, it should be noted that the gross margin achieved during the first quarter of the 2012 fiscal year corresponds to the average margin posted by ADF over the last eight quarters.

Income before interest, income taxes, depreciation and amortization (or EBITDA) amounted to $2.1 million, compared with $3.2 million the previous year.

Net income totalled $1.1 million or $0.03 per share, compared with a net income of $2.0 million or $0.06 per share in the same period last year. Notwithstanding the reversal of provisions and a gain on disposal of property, plant and equipment recognized in the first quarter of fiscal 2011, the results for the first quarter ended April 30, 2011 would have been similar to those for the corresponding period a year ago. In addition, a lesser exchange gain than in the previous year and a slightly higher tax rate, have also reduced the first quarter’s net income.

ADF closed the first quarter of the 2012 fiscal year with working capital of $38.4 million, of which $29.4 million in short-term available liquidities (cash, cash equivalents and short-term investments), provided notably by the cash flows from operating activities of $5.0 million. Consequently as at April 30, 2011, ADF Group’s short-term available liquidities exceeded its total interest-bearing debt by $17.3 million.
Jean Paschini, Chairman of the Board and Chief Executive Officer indicated that "these results reflect the added value of our contracts in progress, our rigorous operating practices and the positive impact of our recent investments on the overall efficiency of our fabrication activities. They also reflect efficient cost control and a profit margin that remains above the industry average."
 
Implementation of a Dividend Policy
As announced in April 2011, the Corporation’s Board of Directors approved the payment of a semi-annual dividend policy. Consequently, on May 16, 2011, ADF Group paid a first semi-annual dividend of $0.01 per share to shareholders of record as at April 29, 2011.

Order Backlog

As at April 30, 2011, the Corporation’s order backlog stood at $62 million, extending over an execution period of 12 months. However, the order backlog at that date does not reflect all the revenues likely to be recognized in upcoming quarters as it only includes a portion of the contractual changes requested by clients over the past months in connection with its current mandates.

Outlook

In regard to business development, the Corporation expects Western Canada to offer the greatest opportunities within the short term, considering the increase in bidding activity it is currently witnessing in this region. It is therefore carrying on its plans to establish its local presence through a joint venture with a Manitoba-based partner. The goal of the new entity will be to build and operate an ultramodern fabrication plant that will enable the Corporation to serve all of Western Canada, in particular the energy and potash sectors and the public infrastructures segment, where significant investments are expected in the coming years. Furthermore, it will provide ADF with greater access to the large American Midwest market.

Over the longer term, the regions in the Eastern and Midwest U.S., and especially New York City, remain natural and high-potential markets for ADF Group, where it is strongly positioned and enjoys an excellent reputation.

Based on its current order backlog and considering its development targets as well as a certain stability of the Canadian dollar, management expects ADF Group’s revenues within the next few quarters to be comparable to, or up slightly over previous quarters.

"Today, with an enhanced fabrication capacity, very healthy financial position and development projects well on their way, ADF Group is embarking on a new profitable growth phase, having all the resources in hand to achieve a solid performance once the economy is back on track" concluded Mr. Jean Paschini.

Annual Meeting of Shareholders
ADF Group’s Annual Meeting of Shareholders will take place this morning, June 15, 2011 at 11:00 am at the Omni Mount-Royal Hotel in Montreal.

About ADF Group Inc.
ADF Group Inc. is a North American leader in the design and engineering of connections, fabrication and installation of complex steel structures, heavy steel built-ups, as well as in miscellaneous and architectural metals for the non-residential construction industry. ADF is one of the few players in the industry capable of handling highly technically complex mega projects on fast-track schedules in the commercial, institutional, industrial and public sectors.

Forward-Looking Information

This press release contains forward-looking statements reflecting ADF objectives and expectations. These statements are identified by the use of verbs such as "expect" as well as by the use of future or conditional tenses. By their very nature these types of statements involve risks and uncertainty. Consequently, reality may differ from ADF’s expectations.


Transition to International Financial Reporting Standards (IFRS)
All financial information, including comparative figures pertaining to ADF Group’s 2011 results, has been prepared in accordance with International Financial Reporting Standards (IFRS). In previous periods, the Corporation prepared its consolidated financial statements and interim financial statements in accordance with Canadian generally accepted accounting principles ("Previous GAAP"), in effect prior to February 1, 2011. Comparative figures presented pertaining to ADF’s results have been restated to be in accordance with IFRS. A reconciliation of net income, gross margin and EBITDA reported under the previous GAAP and the IFRS is provided in the table below:
 
All intangible assets and investment tax credits included under "Other non-current assets" at February 1, 2010, January 31, 2011 and April 30, 2011, originated from Canada.

During the three-month period ended April 30, 2011, one client accounted for 94% of the Corporation’s revenues (one client accounted for 90% of the revenues during the three-month period ended April 30, 2010), and therefore accounted for more than 10% of revenues.

 
MONTREAL, QUEBEC, CANADA – (Marketwire – June 10, 2011) – Garda World Security Corporation (TSX:GW) (Garda), one of the leading Security Solutions, Cash Logistics, and Global Risk Consulting firms in the world, announced today that its GardaWorld Global Risk Consulting Group has been awarded $15 million per year worth of new contracts to provide comprehensive diplomatic protection services.
 
The new contracts create approximately 1,000 new positions and continue the strong momentum that GardaWorld has generated in the past several months.
 
“The Global Risk Consulting Group is experiencing tremendous momentum built on our previous success in the diplomatic and governmental sectors,” said GardaWorld President and COO Oliver Westmacott. “With the important investments in the oil & gas infrastructure and accrued security needs by certain governments, we are confident that GardaWorld will meet its objective of becoming a business with revenues of $300 million within the next five years.”
 
GardaWorld is a trusted security partner offering global risk consulting, market entry strategy, project risk assessment, contingency planning, close protection, crisis response, and risk analysis services to major relief agencies, corporations, and governments around the world. We focus on and assist our clients in achieving their strategic business objectives within a clearly defined operational framework and help them in delivering government sponsored aid programs, infrastructure development, governance support, economic development and national elections support.
 
About Garda
 
Garda (TSX:GW) is a global provider of security solutions, cash logistics and global risk consulting services with headquarters in Montreal, Canada. The firm’s 45,000 dedicated professionals, among the most highly qualified and best-trained in the industry, serve clients in countries throughout North America, Europe, Latin America, Africa, Asia, and the Middle East. The company’s decentralized management philosophy and structure encourages employees to be entrepreneurial and performance-driven in their approach to client service and the pursuit of excellence in all they do. Garda’s global experts take the time to fully understand their clients’ business goals and objectives in order to customize solutions with strong local engagement that meet their needs. As a result, clients can improve operational performance and meet their corporate obligations. With proven experience and a commitment to ensuring the highest ethical standards in everything the Corporation does, Garda has earned a reputation for integrity, leadership, and uncompromising safety standards. Most importantly, Garda is a firm in which businesses, governments, and individual clients place their trust.
 

For more information, visit: http://www.gardaglobal.com, http://www.gardacashlogistics.com and http://www.garda-world.com.
 
 
 
 
 
- 30 -
 
GARDA CONTACTS
           
Joe Gavaghan
Director, Corporate Communications, Garda
Office: 302-294-2162
joe.gavaghan@gardaglobal.com                                                                                     
 
Nathalie de Champlain
Vice President, Communications, Garda
Office: 514.281.2811 x 2700
nathalie.dechamplain@gardaglobal.com             joe.gavaghan@gardaglobal.com

 
Montreal, May 17, 2011—After completing all the steps in the patent and certification process, the Research in Lighting (RIL) division of Richporter is launching NeoPac© LED lighting technology in Canada. In addition to producing substantial savings, this high-performance, long-lasting lighting solution will help companies, institutions and municipalities reduce their environmental footprint.

NeoPac© technology is characterized by intelligent thermal management for LEDs (light-emitting diodes), which optimizes the performance of lighting solutions by making them ultra-powerful. This new technology could be described as the most competitive available on the market to date, in both energy and environmental performance. It allows for energy savings of more than 75% over a conventional lighting system. For instance, the heat distribution system ensures that RIL’s new LED lamps last for more than 60,000 hours, equal to nearly 7 continuous years of lighting—day and night!

“For a $90,000 investment in efficient lighting over 10 years, Richporter’s LED lighting systems deliver a return on investment of up to $15,000 annually amortized over less than four years, which is a great advantage. In addition, they are environmentally friendly. We believe our technology is a judicious lighting solution for organizations that want to make strategic choices,” said Pat Richardson, president of Richporter.

On the environmental front, RIL’s patented LED lighting systems are revolutionizing the market since they make it possible to reduce CO2 by nearly 80% compared to regular mercury bulbs, which is equivalent to 65 tonnes per year. According to Statistics Canada, one tonne corresponds to the volume that would fill an average two-storey home. Replacing all the conventional mercury lighting in a space the size of the Bell Centre would reduce CO2 emissions by 7,310 tonnes annually.
 
About Richporter
Founded in 2001, Richporter is a Montreal based company that now employs more than 35 people around the world. The company’s two divisions are involved in cutting-edge technologies. Research in Lighting specializes in commercial lighting and is positioned as a partner of choice for large-scale, energy-efficient lighting projects, featuring NeoPac© intelligent thermal-management technology. Richporter Technology specializes in importing and distributing automotive parts. 
 
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Information:                    

Amély Tremblay / Steven Ross
Morin Public Relations
514-289-8688, ext. 226 / 236
Cell: 514-774-8522 / 514-234-4251
amely@morinrp.com / steven@morinrp.com
 

 
TORONTO, Ontario (May 16, 2011) – Every spring thousands of Canadians head to their local home improvement stores to prepare for the impending summer renovation season. This year Rust-Oleum wants to kick those plans to the curb with the launch of its new EPOXYSHIELD® Driveway System. These innovative products will quickly and easily clean up old driveways and provide an instant increase to a home’s value and curb appeal.

“Many people forget that their driveway is the first thing people see when they arrive at your home,” says Lawrence Genga, Director of Marketing and R&D with Rust-Oleum Consumer Brands Canada.  “EPOXYSHIELD® is a quick and easy way for anyone to repair, protect and beautify their driveway without all the mess and fuss of traditional driveway sealers”.

Thanks to innovative advancements made by Rust-Oleum, homeowners can now reinvigorate their driveways easily with EPOXYSHIELD®. Unlike many other driveway sealers that should be applied with a squeegee, EPOXYSHIELD® is simply rolled onto the surface directly from its ergonomic packaging, and is drive-ready in approximately 4 hours. And with a choice of a 5 or 10 year warranty you can be confident that your weekend renovation will provide value for years to come.

“Whether you are a seasoned weekend renovation warrior or a first time do-it-yourselfer, Rust-Oleum’s new EPOXYSHIELD® driveway system will help you easily add some instant punch to your home’s bottom line and its appearance,” continued Director Lawrence Genga. “EPOXYSHIELD® is so easy to use and so easy to clean-up that this is the perfect weekend renovation project for anyone, regardless of their skill set.”

About EPOXYSHIELD®
EPOXYSHIELD® is an innovative, most technically advanced, do-it-yourself product that can help consumers easily replicate the look, and benefits, of a freshly paved driveway at a fraction of the cost. The simple roll-on application and soap and water clean-up eliminates the need to hire a contractor and the mess associated with other do-it-yourself resurfacing systems.  EPOXYSHIELD® is so quick and easy, do-it-yourselfers can repair, protect and beautify their damaged driveways with a new high-end look in less than a weekend. EPOXYSHIELD® is now available at The Home Depot, Canadian Tire, Home Hardware and other participating retailers nationwide.  MSRP $59.99 to $89.99.

About Rust-Oleum
One of Canada's most recognized and trusted names, Rust-Oleum is the number one brand of small project paints. Its brands and products span consumer small project paints, high performance coatings, concrete coatings and wood care categories and include such trusted names as Tremclad®, Painter's Touch®, Stoneffects®, Varathane® and ZINSSER®.  For more information, visit www.rustoleum.ca.
 
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For more information please contact:
Parker Hughes
GCI Group
416-486-7225
parker.hughes@gcicanada.com

 

Conferences with an international flavor

During this symposium, more than 20 conferences will be offered in the form of workshops with 6 major conferences presented by world renowned speakers.

• Résilience et empathie by Serge Tisseron, Director of Research at the Université de Paris X Nanterre
• The Application Of The Metatheory of Resilience and Resiliency in Rehabilitation and Medicine by Glenn Richardson, Professor at the Department of Health Promotion and Education, University of Utah
• Développement d'interventions individualisées axées sur la résilience by Colette Jourdan-Ionescu, Professor at the Department of Psychology, Université du Québec à Trois-Rivières
• Le modèle de la résilience dans l'accompagnement des familles vulnérables by Marie Anaut, Professor at the Université Lumière-Lyon 2 in France
• Conjuguer ouverture des possibles au temps de l'incertitude by Patrick Fougeyrollas, Director of Education and scientific support of the Institut de réadaptation en déficience physique de Québec
• La résilience en pratique, une expérience de vie by Vincent Dumez, Director of the Faculty of patient partner expertise in the Faculty of Medicine, Université de Montréal

 

 

The professionals and administrators of the Health and Education networks, the researchers and students, the users of services and their relatives as well as all persons interested by resilience are therefore invited to come to discuss on this topic or simply to share what they have lived during the international Congress on Resilience.

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*** All speakers on site as well as members of the GIRAFE-CRIR are available for interviews. ***

 

Information:                    Amély Tremblay / Rosalie Lemelin

Morin Public Relations

514 289-8688, ext. 226 / 231

Cell.: 514 774-8522 / 514 237-8317

Implementation of a Dividend Policy

In recognition of the steadfast confidence of ADF Group’s shareholders over the years, and considering the liquidities generated by the Corporation, the Board of Directors has approved the implementation of a semi-annual dividend payment policy. Consequently, ADF Group declares today a first semi-annual dividend of $0.01 per share, which will be paid on May 16, 2011 to shareholders of record as at April 29, 2011.

Order Backlog

In March 2011, ADF announced new orders worth US$23 million at the World Trade Center (WTC) in New York, U.S.A. These new mandates include the design and engineering of connections, fabrication and delivery to site of additional heavy steel built-up components, for the different projects ADF is currently carrying out at the WTC.

As of January 31, 2011, ADF’s order backlog stood at $67 million, with contracts in hand extending over an execution period of 12 to 15 months. It should be noted that the backlog as of January 31, 2011, does not include the aforementioned additional contracts at the WTC, the execution of which will equally extend over a period of 12 to 15 months, nor does it totally reflect the revenues likely to be recognized in upcoming quarters, as it only includes the contractual changes requested by clients at that date. Accordingly, based on current data, the Corporation expects its revenues for the next few quarters to be comparable or slightly superior to those of recent quarters.

Outlook

In regard to business development, ADF has taken steps with a local partner over the past year to set up a plant in Western Canada. Through this strategic move, not only will the Corporation benefit from its partner’s expertise and market knowledge, but it will also be in a stronger position to take advantage of the high-potential industrial, commercial and institutional construction market in this region, driven by the dynamic energy industry.

The solid financial performance and achievements over the past years are a direct result of ADF Group’s niche positioning strategy, its operational excellence and its selective approach to projects, which are targeted according to their potential for differentiation and the generation of good profit margins and strong cash flows. This value creation strategy will continue to guide ADF Group’s development over the long term. For the 2012 fiscal year, however, the Corporation will adapt its action plan to the current business environment, which will likely remain affected by the slow economic recovery and the scarcity of new projects in its niches, especially in the United States. In this context, one of the Corporation’s primary objectives for fiscal 2012 will be to grow its order backlog in order to sustain its future business volume. Hence, while concentrating on the optimal execution of its ongoing contracts and pursuing its development efforts in Western Canada, the Corporation will seek to increase its production capacity utilization rate by targeting high-volume projects. This approach could temporarily lower the average gross profit margin of the Corporation’s contract portfolio (expressed as a percentage of revenues), which would be offset by the revenue growth and a better fixed cost absorption rate.

"Although the current conditions in our markets prompt us to remain cautious, we are more confident than ever as to ADF’s future. We will enter the next upward economic cycle with strong fundamentals, including a highly productive and efficient fabrication plant, an extremely competent and motivated workforce, and a worldwide reputation enhanced by our performance in connection with New York’s WTC projects. In fact, along with ADF’s financial health, our confidence in the Corporation’s future is one of the key reasons behind our decision to implement the practice of paying dividends and our determination to establish a presence in Western Canada" concluded Mr. Jean Paschini.

Annual Meeting of Shareholders

ADF Group Inc. Annual Meeting of Shareholders will be held on June 15, 2011 at 11:00 a.m. at the Omni Mont-Royal Hotel in Montreal. Financial results for the first quarter ending April 30, 2011 will also be disclosed at the Corporation’s Annual Meeting.

About ADF Group Inc.

ADF Group Inc. is a North American leader in the design and engineering of connections, fabrication and installation of complex steel structures, heavy steel built-ups, as well as in miscellaneous and architectural metals for the non-residential construction industry. ADF is one of the few players in the industry capable of handling highly technically complex mega projects on fast-track schedules in the commercial, institutional, industrial and public sectors.

 

Forward-Looking Information

This press release contains forward-looking statements reflecting ADF objectives and expectations. These statements are identified by the use of verbs such as "expect" as well as by the use of future or conditional tenses. By their very nature these types of statements involve risks and uncertainty. Consequently, reality may differ from ADF’s expectations.