Investissements TSPL inc.
NEX BOARD : IMS.H

Investissements TSPL inc.

March 03, 2008 13:29 ET

IMS Experts-Conseils Inc. Bi-monthly Update

TROIS-RIVIERES, QUEBEC--(Marketwire - March 3, 2008) - IMS Experts-Conseils Inc. (TSX VENTURE:IMS) ("IMS"). Mr. Andre Tousignant, President and Chief Executive Officer announced that IMS Experts-Conseils Inc., a multidisciplinary consulting engineering firm, reports no changes in the status of its last default notice of February 15, 2008. IMS indicated in this notice that it did not meet the prescribed delay of December 29, 2007 relative to the issuance of its annual financial statements and management report the regulatory authorities for the financial period terminated August 31, 2007. The firm anticipates doing so March 31, 2008.

According to the report regarding the status of the non-issuance notice, the firm indicated that there were no developments or important changes released in the default notice published by IMS as per the regulatory authorities, previous notice published on February 15, 2008 ("Notice of Default"). IMS indicates that it did not commit a breach regarding the accomplishment of its intentions declared in the default notice. The firm intends to respect the conditions of the Canadian Securities Administrators notice number 57-301, until it has complied in remedying this default.

IMS Experts-Conseils Inc. (IMS)

IMS is a Canadian firm offering the full range of engineering consulting services, notably in the building and related technologies sector as well as in industrial facilities (mining, metallurgy, pulp and paper), energy, municipal engineering, project management and supply, economic studies and consulting management, environmental technologies, transport and town planning. Moreover, IMS is also specialized in training and the development of human resources, providing of personnel in the engineering field and supports its customers by offering turnkey services. Since its foundation in 1993, IMS ranks amongst the most important consulting engineering firms in Quebec and Canada. IMS relies on a team of more than 150 highly specialized professionals and technicians located in Quebec and abroad. IMS also owns one of Quebec's finest consulting engineering firms namely Pasquin St-Jean, recognized for its expertise in the building structures field.

IMS has demonstrated its expertise by executing major projects such as the Norsk Hydro plant expansion in Becancour, the construction of the magnesium Magnola plant in Danville, planning of the world's largest magnesium production facilities, AMO, in Queensland, Australia. Among IMS's customer base, our firm has undertaken over 20 hospital projects in Canada, the IBM Marathon tower, the Ecole Polytechnique's Bombardier and Lassonde pavilions (Universite de Montreal), the principal place of business of the Caisse de depot et placement du Quebec, the Montreal Eaton Centre/Les Ailes complex located in Montreal and the Key Center, Buffalo, New York .

PROSECTIVE STATEMENTS

This document may contain prospective statements that reflect management's current expectations regarding future events. These prospective statements depend on a certain number of factors and involve risks and uncertainty. Actual results may differ from expected results. Management assumes no obligation to update or revise these prospective statements in light of new information or future events. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the information contained in this release.

Contact Information

  • IMS Experts-Conseils Inc.
    Francine Gauthier
    Vice-Presidente, Finances
    514-282-8100, ext. 227