GDG Environment Group Ltd.
TSX VENTURE : GDG

GDG Environment Group Ltd.

December 14, 2010 08:57 ET

Group GDG Environment Presents a Compromise to its Shareholders

TROIS-RIVIÈRES, QUEBEC--(Marketwire - Dec. 14, 2010) - Group GDG Environment Ltd ("GDG" or the "Company") (TSX VENTURE:GDG), presented to the Quebec Superior Court on December 10, 2010 a motion by virtue of Section 49 of the Companies Act (Quebec) seeking an order calling a special general meeting of the shareholders of the Company in regards to a compromise. The Court order was obtained the same day and a special general meeting of the shareholders has been called to by held on January 19, 2010 in Trois-Rivières.

The compromise proposed to the shareholders seeks to privatize GDG by the ratification of a by-law consolidating all the common shares issued and outstanding on the basis of one share for each 400,000 common shares currently outstanding in order to reduce the number of common shares in circulation prior to the consolidation from 39,746,685 to less than 100 post consolidation.

In the same process, the 24,000,000 performance shares currently in escrow will be cancelled.

The motion and order issued by the Superior Court are available on SEDAR at www.sedar.com. The proxy of solicitation circular from the management which will accompany the notice calling the special general meeting of the shareholders will give all the pertinent details of the proposed compromise.

About GDG Environment Group (www.groupegdg.com)

Since 1980, GDG Environment Group, a recognized Canadian leader in the integrated control of biting flies, offers a broad range of environmental services targeting the improvement of quality of life and the protection of public health, mainly through the biological control of biting flies, vector control and the surveillance and prevention of West Nile Virus in Canada.

GDG Environment Group operates 4 divisions: GDG Environment, front-runner in the biological control of biting flies and vector control, GDG Aviation which manages all aerial operations for the Group Diamond Sylvico, a Northern Quebec subsidiary, firmly established in the Cree Community of Quebec and Groupe Bio Services which services are a great complement to the ones offered by GDG Environment Group.

The Group markets its expertise throughout the country and has a strong team of scientists and managers plus a team of nearly 200 professionals and technicians in the summer. The Group is established as the most important player in Canada, after more than 600 successful mandates, in the field of biological control of biting flies and in the management of disease vectors.

GDG Environment Group is listed on the TSX Venture Exchange under the ticker "GDG"-(TSX VENTURE:GDG).

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this press release.

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