Conporec Inc.

Conporec Inc.

December 23, 2005 16:10 ET

New step for the financial consolidation of Conporec - Conporec Inc. has just finalized a financing agreement with Investissement Québec and...

SOREL-TRACY, Dec. 23 - Jean Beaudoin, president and CEO of
Conporec Inc. (TSX VENTURE:CNP), announced today that the Company accepted a co-financing from
Investissement Québec and the Caisse Populaire Pierre-de-Saurel (Desjardins)
involving a total amount of $1,800,000.

This financing is the result of the procedures undertaken by the Company
in order to finance the fixed assets of the last few months at its industrial
plant in Sorel-Tracy 2004. Until today, the rebuilding of these facilities had
been financed out of the Company's cash flow.

The terms and conditions of this mortgage financing granted jointly by
Investissement Québec and Desjardins also include the issuance of class "A"
shares from Conporec Inc for a total value of $270,000.

About Conporec

Conporec Inc. treats and reclaims solid waste through various patented
composting and sorting-composting processes. Those processes can reduce land
filling by treating 100% of organic content, thus contributing to reclaim up
to 75% and to reduce greenhouse gas releases. The Company operates a plant in
Sorel-Tracy and recently inaugurated its second plant (New York State, US). A
third plant is currently under construction in France (suburban Paris).
Through Biomax Inc. a Conporec's subsidiary, the Company has also delivered
some thirty composting facilities having the capacity to produce more than
300 000 tons of compost annually. Conporec Inc. is a socially responsible
organisation 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,
    Ph.: (450) 449-9949, Source: Conporec Inc.,