Fibrocap Inc.

Fibrocap Inc.

April 28, 2009 14:05 ET

A Contract of Almost a Million Dollars for Fibrocap!

BELOEIL, QUEBEC--(Marketwire - April 28, 2009) - Fibrocap Inc, well-known manufacturer of Fibrobec fiberglass truck caps and Spacekap, had placed itself under Chapter 11 on September 19, 2008 because of serious financial difficulties. In order to improve and to solve the situation in the long run, the administration worked on a number of adjustments which would ensure the survival of the company. These efforts have started to bear fruits since the company recently obtained a contract worth close to a million dollars. It is because of these changes that Fibrocap Inc. was able to withdraw from Chapter 11 bankruptcy protection. Indeed, the creditors supported the Quebec based company in a major way by accepting the proposal which was presented to them. The contract thus represents the first step towards the recovery of the company.

The next months thus will be well filled for this Quebec based company of Beloeil. Actions were taken at Fibrocap Inc. so that the company can regain its position of being the leader in the Fiberglass industry in North America. For example, the leaders actively worked to minimize, even remove the delays in the deliveries of products, a problem which caused much frustration in the past. "The quality of our products and the satisfaction of our customers are of primary importance. We thus implemented concrete measures to respond to the delivery delays our customers expect", mentioned Frederic Blanchet, president and CEO at Fibrocap.

Their competitive prices, their history as well as the quality of their products makes Fibrocap a company that is more than interesting for distributors as well as the car dealerships who propose Fiberglass truck caps and our commercial cap the Spacekap to their customers.

In addition to finding the Fibrobec and Spacekap products available from many distributors, it is now possible, and has been since May of 2008, to visit their showroom in Beloeil on the service road of highway 20. This now makes it possible for the public to visualize, compare, get information and purchase the various models of boxes available as well as a wide range of complementary accessories. For the residents of the old capital (Quebec City), it is interesting to know that a second showroom is located on Wilfrid-Hamel Boulevard.

FIBROCAP INC. Fibrocap Inc. was the first Canadian manufacturer specialized in the manufacturing of fiberglass truck caps. Since 1972, this Quebec based company has been recognized in the industry for its innovation and quality. The company employs more than thirty (30) people.

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