Distinction Group Inc.

Distinction Group Inc.

April 14, 2009 17:44 ET

Distinction Group Sustains Growth in the First Quarter of 2009

MONTREAL, QUEBEC, CANADA--(Marketwire - April 14, 2009) - Distinction Group Inc. ("GDI" or the "Company") (TSX:GD) -

- Revenues increase 140% to $60.4 million

- EBITDA grows 108% to $3.1 million

- Net income rises 79% to $1.5 million or $0.048 per share

Distinction Group Inc. ("GDI" or the "Company") (TSX:GD) announced its results today for the first quarter ended February 28, 2009. The financial statements and management discussion and analysis are available on SEDAR at www.sedar.com.

Revenues rose 140% to $60.4 million in the first quarter ended February 28, 2009, from $25.2 million in 2008. This increase resulted primarily from the acquisition of Omni Facility Services Canada Limited and Service d'entretien Empro Inc. in June 2008, which contributed $32.6 million to total revenues for the quarter.

EBITDA grew by 108% to $3.1 million in the first quarter of 2009 from $1.5 million in 2008, mainly due to an added contribution of $1.3 million from the acquired companies.

As a result, GDI increased its net income by 79% in the first quarter of 2009 to $1.5 million or $0.048 per share, fully diluted, from $0.8 million or $0.025 per share, fully diluted, in 2008.

"We are very proud of the results achieved in this first quarter despite the current economic climate," said Claude Bigras, President and Chief Executive Officer of GDI. "That being said, we will continue to work hard in the coming quarters to increase shareholder value while remaining on the lookout for new business opportunities."

GDI enjoys a solid financial position, with working capital of $14.8 million and credit facilities varying from $30 to $40 million, of which about $20 million was used as at February 28, 2009.


"Our main objective in the coming quarters will be to optimize the profitability of our operations," added Mr. Bigras. "We will therefore continue to diligently manage our credit risk related to accounts receivable and to pursue the integration of the various companies in the group to benefit from maximum synergies."

About Distinction Group Inc. (GDI)

GDI is a Canadian leader in janitorial services. Through its subsidiaries Service d'entretien Distinction Inc., Omni Facility Services Canada Limited, Service d'entretien Empro Inc., Montcalm Services Techniques Inc., Distinction Services Plus Inc. and Steamatic Canada Inc., Distinction provides a range of industrial janitorial, mechanical maintenance and other related services to various segments of the real estate industry.

Additional information on the Company can be found on the GDI website at www.groupedistinction.com and on the SEDAR website at www.sedar.com.

Forward-Looking Statements

This press release may contain certain "forward-looking statements", including, but not limited to, statements regarding the strategic plans, future financial results and overall outlook for the Company. Forward-looking statements express, as of the date of this press release, the Company's plans, estimates, forecasts, projections, expectations and opinions regarding future events and results. Forward-looking statements are subject to certain risks and uncertainties, many of which are beyond the Company's control. There can be no assurance that such statements will prove to be accurate. Consequently actual results and future events may differ materially from those anticipated by such statements. Risks and uncertainties that could cause actual results and future events to differ materially from the current expectations expressed or implied by such forward-looking statements include, but are not limited to, the risks described in the management discussion and analysis for the period ended February 28, 2009. Readers should not rely unduly on such forward-looking statements.

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