ACE/Security Laminates Corporation
CNQ : ACEX

ACE/Security Laminates Corporation

November 24, 2006 14:35 ET

ACE will not Make its Interest Payment Owed to its Debenture Holders and is Working on a $1.7 Million Dollars Private Placement

ONTARIO, CANADA--(CCNMatthews - Nov. 24, 2006) - ACE/Security Laminates Corporation™ (CNQ:ACEX) will not make its interest payment of approximately $138,000 owed to its debenture holders on November 23, 2006.

ACE/Security Laminates Corporation™ is presently working on a $1.7 million dollars private placement. If successful, this amount would be sufficient to pay the interest owed under the ACE debenture agreement.

ACE/Security Laminates™ Corporation specializes in manufacturing and distributing, through a worldwide network of dealers, safety and security window laminating technology.

Since 1999, ACE has established a presence in 40 countries. ACE produces a micro thin polyester laminate that, when applied to glass, protects against baseball bats, crowbars, rocks, fire, Molotov cocktails, bombs, bullets and natural disasters.

The advantages of ACE's products are found in their protective capabilities, transparent finish, and simple application to existing windows. What makes ACE's security laminates the obvious choice when protecting people and property is the extensive third-party testing they have undergone against threat levels ranging from break and entry to bullets and bombs, demonstrating the product's high-end performance.

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