Conporec Inc.
TSX VENTURE : CNP
TSX CROISSANCE : CNP

Conporec Inc.

October 02, 2006 16:21 ET

New Closing Date for the Financing Agreement with "AEK"

SOREL-TRACY, QC, Oct. 2 - Conporec Inc. (TSX VENTURE:CNP) announces that the
closing date for the financing agreement with AEK previously announced has
been extended to November 30th, 2006.

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. The company 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
Inc. is a socially responsible organization listed on the TSX Venture
Exchange.

The statements in this release and oral statements made by
representatives of Conporec inc. relating to matters that are not historical
facts (including, without limitation, those regarding the timing or outcome of
any financing undertaken by Conporec) are forward-looking statements that
involve certain risks, uncertainties and hypotheses, including, but not
limited to, general business and economic conditions, the condition of the
financial markets, the ability of Conporec to obtain financing on favourable
terms and other risks and uncertainties.

Contact Information

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