Cryopak Industries Inc.
TSX VENTURE : CYK

Cryopak Industries Inc.

May 31, 2005 09:01 ET

Cryopak to Delist Shares from OTC-Bulletin Board

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 31, 2005) - Cryopak Industries Inc. (TSX VENTURE:CYK) ("Cryopak") announces that in its ongoing efforts to reduce its costs and regulatory burden, effective June 15, 2005 its Common Shares will no longer be listed on and traded through the OTC Bulletin Board system and will be terminating the registration of its shares under the U.S. Securities Exchange Act of 1934. The Common Shares of Cryopak will continue to be listed on and trade on the TSX Venture Exchange under the symbol CYK.V.

About Cryopak

With facilities in Vancouver and Montreal, we are a leading provider of temperature-controlling products and solutions. Our clients include some of North America's leading retailers and consumer goods companies, as well as global pharmaceutical companies. In our retail business, we develop, manufacture and sell reusable ice substitutes, flexible hot and cold compresses, reusable gel ice and instant hot and cold packs. These products are marketed under such popular brand names as Ice-Pak™, Flexible Ice™ Blanket, Simply Cozy®, and Flex Pak™. In our pharmaceutical business, we engineer solutions and supply products that help our customers safely transport their temperature sensitive pharmaceuticals. Over the past few years we have evolved into a recognized player in this growing segment as we assist customers in optimizing their cold chain processes. Our shares are listed on the TSX Venture Exchange under the symbol CYK. For more information about Cryopak, please visit our website address at: http://www.cryopak.com or call 1.800.667.2532.

ON BEHALF OF THE BOARD OF DIRECTORS

Martin Carsky, President and CEO

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ from those expressed or implied by such forward-looking statements.

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