Avrio Ventures Management Corporation

Avrio Ventures Management Corporation

December 20, 2006 14:15 ET

Avrio Ventures Assembles Industry Leaders to Form Its Executive Advisory Board

CALGARY, ALBERTA--(CCNMatthews - Dec. 20, 2006) - Avrio Ventures, a recently formed industrial life sciences venture capital firm, is pleased to announce the formation of its Executive Advisory Board. With over 200 years of collective experience and knowledge, the members of Avrio's Executive Advisory Board are prominent individuals from Canada's private and public sector.

"Avrio's Executive Advisory Board includes Canada's leading industrial life sciences scientific and business minds. We have brought them together to work closely alongside us to build world-class industrial bioproducts, food technology and nutraceutical ingredient companies," explained Aki Georgacacos, Avrio Ventures Partner.

The Executive Advisory Board members include:

Gaetan Lussier. Former President and CEO of Culinar Inc., and President of Weston Bakeries Inc. Previous Deputy Minister of Agriculture for the Government of Quebec and Deputy Minister of Agriculture for the Government of Canada. Recipient of the Order of Canada in 1981.

Dr. Bill Cochrane. Founding Dean of Medicine, and Former President and Vice Chancellor of the University of Calgary. Former Chairman and CEO of Connaught Laboratories Ltd. Named an Officer of the Order of Canada in 1989.

Dr. Suresh Narine. Associate Professor (Materials & Food Physics) and Director of the Alberta Lipid Utilization Program at the University of Alberta. Founded the Agri-Food Materials Science Centre. Director of the Alberta Bioplastics Network.

Dr. Paul Paquin. Associate Dean of Research for the Agriculture and Food Science Faculty at Laval University. Founded Laval University's Nutraceuticals and Functional Foods Institute (INAF).

Rick Smith. Former President and Chief Executive Officer of Dow AgroSciences Canada. Founding Chairman of Bio Products Canada Inc.

Arthur Soler. Former President of Cadbury Chocolate Canada Inc. Past Chairman of the Association of Manufacturers of Non-Prescription Medicines and The Confectionary Manufacturers Association of Canada.

The Executive Advisory Board's inaugural meeting was hosted by its Chairman, Gaetan Lussier, in Montreal, Quebec on December 11th, 2006. "It is a great privilege to work closely with Avrio and fellow board members, and apply my expertise to help develop the next generation of exceptional industrial life science companies," said Mr. Lussier. "Avrio Ventures is filling a real need for value-add venture capitalists in an underserved market experiencing explosive growth."

Working closely with both the fund and its investments, the Executive Advisory Board will make available their expertise and guidance in support of Avrio and its entrepreneurs. This includes extending Avrio's network and relationships to identify strategic opportunities for Avrio's portfolio, providing insight into sector trends and developments, and sourcing prospective investments.

About Avrio Ventures

Avrio Ventures is an industrial life sciences venture capital firm dedicated to building world class Canadian industrial bioproducts, food technology and nutraceutical ingredient companies that will solve tomorrow's health, wellness and environmental challenges. The partners of Avrio Ventures manage, in aggregate, $150 million of industrial life sciences assets. Avrio Ventures is headquartered in Calgary, Alberta, with offices in Toronto, Ontario and Montreal, Quebec. For more information, please visit www.avrioventures.com.

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