Growthgen Equity Inc.
TSX VENTURE : GGQ

April 03, 2007 09:00 ET

Growthgen Equity Becomes Tarquin Group

Company to focus on market leaders in key global manufacturing niches

OTTAWA, ONTARIO--(CCNMatthews - April 3, 2007) - Growthgen Equity Inc. (TSX VENTURE:GGQ) today announced that it has changed its name to Tarquin Group Inc. ("Tarquin" or the "Company"). The common shares of the Company will continue trading on the TSX Venture Exchange under the Tarquin name and the symbol "TQN" effective as of start of trading on April 4.

Tarquin's goal is to become a diversified industrial technology company with a focus on acquiring and growing market-leading companies in the sectors of laser applications and test, measure and control solutions for manufacturing. To achieve this Tarquin intends to seek opportunities to make strategic acquisitions in the coming months.

"Our mission is to consolidate opportunities and build value," said Tarquin Group CEO Don Gibbs. "Our target companies are niche market leaders with proven product offerings and blue-chip customers. By combining our synergies in finance, marketing, distribution and technology with executive mentorship and fresh capital, Tarquin will help good companies become great."

Tarquin's first acquisition was Process Photonics in March 2007. A supplier of laser-based material processing, test and inspection systems for the PCB, electronics assembly, semiconductor and medical device industries, Process Photonics was founded in 2002 by former Lumonics engineers, designers and scientists. The company recently shipped its first orders of the FP1000 laser machining system to a major European automotive electronics manufacturer.

"We are pleased to be part of the Tarquin Group and are looking forward to the mentorship, growth and increased profitability this relationship will bring to our shareholders," said Process Photonics President, Anton Kitai. "The experience, ingenuity and dedication of our combined team is a winning combination."

The name change from Growthgen to Tarquin was approved at the annual and special meeting of shareholders of the company held on March 30, 2007. Shareholders also re-elected Donald Gibbs, Daniel Hachey, Anton Kitai and Stephen Li to the Tarquin board of directors. New elected members are Robert Parker and Paul Labelle, each a founder of Process Photonics. All other matters that came before the meeting, as described in the notice of such meeting distributed to shareholders in early March, were approved.

In the near future Tarquin's transfer agent will deliver a letter of transmittal that shareholders who hold their shares in certificate form may use to exchange their existing share certificates for share certificates bearing the new corporate name.

Tarquin was originally listed on the TSX Venture Exchange in 2006 as a capital pool company called Growthgen Equity Inc. Growthgen completed its qualifying transaction and ceased to be a capital pool company following the successful acquisition of Process Photonics. A filing statement describing Growthgen, Process Photonics and the terms of the acquisition, prepared in accordance with the polices of the TXSV Exchange, is available at www.sedar.com.

About Tarquin Group

The goal of Tarquin Group Inc. (TSX VENTURE:TQN) is to become a diversified industrial technology company providing solutions to the global manufacturing market. Acting strategically in desirable niche markets worldwide, it is expected that Tarquin's structure and processes will ensure superior product solutions for customers while driving profitable growth for all its stakeholders. Tarquin's target companies are niche market leaders in the fields of laser applications and test, measure and control solutions for manufacturing.

Forward-looking Statements

This news release contains forward-looking information. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. These forward-looking statements are made as of the date hereof and Tarquin Group Inc. does not assume any obligation to update or revise them to reflect new events or circumstances.

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

Contact Information

  • Media:
    Heather McCulligh
    613-797-8949
    heather@hbsmarketing.com
    or
    Investor relations:
    Tarquin Group Inc.
    Donald Gibbs, CEO
    613-236-8359 extension 2013