Mr. Alain Lambert

June 24, 2008 18:01 ET

Mr. Alain Lambert: News Release

MONTREAL, QUEBEC--(Marketwire - June 24, 2008) -

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Mr. Alain Lambert of Montreal, Quebec ("Lambert"), the President, Chief Executive Officer and a director of CPVC Financial Corporation ("CPVC Financial" or the "Corporation") (TSX VENTURE:LHB) announces he has acquired direct ownership of 822,800 common shares of CPVC Financial ("Common Shares") and indirect ownership of another 1,500,000 Common Shares through a private company controlled by Mr. Lambert. Both acquisitions were made privately at a price of $0.05 per share for an aggregate purchase price of $116,140 in cash. Mr. Lambert now beneficially owns, controls or has direction over, directly or indirectly, an aggregate of 20,300,617 Common Shares, representing 26.7% of the Corporation's outstanding voting securities.

Mr. Lambert acquired the Common Shares for investment purposes and may, depending on market and other conditions, increase or decrease his beneficial ownership, control or direction over Common Shares, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.

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

Contact Information

  • Alain Lambert
    President, Chief Executive Officer and a director
    of CPVC Financial Corporation
    (514) 395-1191