H2O INNOVATION INC.
TSX VENTURE : HEO
TSX CROISSANCE : HEO

H2O INNOVATION INC.

June 19, 2008 08:35 ET

H2O Innovation Selected on the "2008 TSX Venture 50"

QUEBEC CITY, QUEBEC--(Marketwire - June 19, 2008) - H2O Innovation (2000) Inc. ("H2O")(TSX VENTURE:HEO)(ALTERNEXT:MNEMO:ALHEO) is pleased to announce that it has been selected among 2,176 TSX Venture Exchange listed companies as one of the "2008 TSX Venture 50", a ranking of the top 10 public venture capital companies in five industry sectors listed on the Toronto Exchange: mining, oil & gas, technology & life sciences, diversified industries and cleantech.

This project was initiated to provide awareness to the Canadian investment community on the quality companies that are listed on the Exchange and that are using public venture capital to grow their companies. The criteria used to determine this select list is based on a formula considering revenue, return on investment, market capitalization growth and trading volume (data compiled as of December 31, 2007).

On behalf of H2O team, Guy Goulet, Chairman of the Board and CEO, wishes to thank all the shareholders who believe in the high potential of the company. "We are proud and honoured to have been selected on the top 50 ranking of the TSX Venture Exchange. We would like to bring out our invaluable partner, Amsterdams Effectenkantoor ("AEK"), who keeps supporting financially our organic and external growth as well as other key shareholders that have been backing us up during all these years", stated Mr. Goulet. "Furthermore, I shall point out the relentlessness of our employees in Canada and in the United States who take the development of the company to heart", he added. Since 2000, H2O has completed seven acquisitions, thus permitting the company to offer more to clients thanks to an even more diversified product portfolio that attracts various strategic market niches. H2O sales backlog now amounts to CAN$ 19.8M.

About the "2008 TSX Venture 50"

The TSX Venture 50 are the top 10 companies in each of five major industry sectors - mining, oil & gas, technology & life sciences, diversified industries and cleantech - based on a ranking formula with equal waiting given to one-year revenue (last reported 12 months), return on investment, market cap growth and trading volume. All data was as of December 31, 2007.

The "2008 TSX Venture 50" will be published and widely distributed in The Globe and Mail on Thursday, June 19th.

About H2O

H2O is pursuing its market development in the water treatment sector with a complete portfolio of membrane technologies and biological processes. H2O's mission is to develop, produce and market state-of-the-art, environmental friendly products dedicated to the production of drinking water and the treatment of wastewater and industrial processed water.

The TSX Venture Exchange and the Alternext Exchange assume no responsibility for the relevance or accuracy of this press release.

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