Winalta Inc.
TSX VENTURE : WTA.A

Winalta Inc.

October 23, 2007 18:27 ET

Winalta Inc. Announces Strategic Alliance With the Woodbridge Group®

EDMONTON, ALBERTA--(Marketwire - Oct. 23, 2007) - Winalta Inc. (TSX:WTA.A) announces that it has formed a strategic alliance with PolyLINK™, whereby Winalta will manufacture homes utilizing structural insulated panels ("SIPs") supplied by PolyLINK™. The use of SIPs will effectively reduce construction times and increase the structural integrity of the homes as well as provide superior insulation properties.

PolyLink™, a member of The Woodbridge Group® acquired this polyurethane technology as part of its strategy to develop business in new markets including construction and building products. The Woodbridge Group® is a private Canadian company (www.woodbridgegroup.com) with 63 facilities in 21 countries and is a global leader in the development and production of polyurethane products for the automotive and industrial markets. PolyLINK™ is a trademark and The Woodbridge Group® is a registered trademark of Woodbridge Foam Corporation.

"The intent is to have PolyLink™ build a facility beside the Winalta plant site in Spruce Grove, Alberta and supply this first-class product to Winalta," says Artie T. Kos, President and CEO of Winalta. "This venture will allow Winalta to build more homes and provide a superior product in the marketplace. Woodbridge is a world-class manufacturing company that prides itself on using in-house research and development capabilities to achieve quality, high volume production on a global scale. We are excited to be working with such a proven company and we see this as a first step in aligning with a company which has potential to aid us globally".

Winalta Inc. and through its subsidiaries, is a land developer in western Canada as well as a producer of manufactured and modular CSA certified homes and site built homes. In addition, it manufactures industrial trailers and camps.

Winalta Inc. shares trade on the TSX Venture Exchange under the symbol "WTA.A."

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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