Conporec Inc.
TSX VENTURE : CNP
TSX CROISSANCE : CNP

Conporec Inc.

May 07, 2007 11:06 ET

Conporec Inc. announces the reason for the delay in publishing its year end results

SOREL-TRACY, QC, May 7 - Conporec Inc. ("Conporec" or the
"Company") (TSX VENTURE:CNP) announces that it was unable to publish its 2006 year end financial
results within the timeframe prescribed by Stock Exchange regulatory
authorities, due to the difficulty in obtaining certain confirmations of
companies having business relationships with its European subsidiary Conporec
SAS. These difficulties involved delays in confirming certain financial data,
which delayed the finalization of the Company's audited consolidated financial
statements. This information did not have a major impact on the Company's
results, but they should have been obtained for auditing purposes.

The Company is expected to file its audited financial statements as well
as its annual report at the beginning of the current week. The Company's
management apologizes to all its shareholders and investors for the problems
this delay may have caused.

About Conporec

Conporec Inc. treats and recycles municipal solid waste through a
patented composting and sorting technology. This process reduces the need for
landfill disposal by treating 100 % of the organic content contained in solid
waste, thus reusing and recycling up to 75 % of the original waste mass. In
addition, the technology helps to reduce greenhouse gases that are typically
released through the decomposition of garbage in landfills. Conporec has
successfully operated a plant in Sorel-Tracy, Quebec and recently began start
up of a second facility in New York State (United States). A third facility is
currently under construction in France near Paris. Through Biomax Inc.,
Conporec has also delivered thirty different composting facilities that have
the capacity to produce more than 300,000 tons of compost annually. Conporec
is a socially responsible organization listed on the TSX Venture Exchange.

Forward-looking statements contained in this press release involve known
and unknown risks, uncertainties or other factors that may cause actual
results, performance or achievements of the company to be materially different
from any future results, performance or achievements expressed or implied by
such forward-looking statements.

Contact Information

  • Mr. Jean Beaudoin, President and CEO, (450)
    746-9996; Source: Conporec Inc., www.conporec.com