IPL Inc.
TSX : IPI.A

IPL Inc.

August 10, 2006 10:21 ET

New Appointment to IPL Inc.'s Board of Directors

SAINT-DAMIEN, QUEBEC--(CCNMatthews - Aug. 10, 2006) - Mr. Julien Metivier, Chairman of the Board of IPL Inc. (TSX:IPI.A), one of North America's leading manufacturers of plastic products, today announced the appointment of Jean-Pierre Bourbonnais as a director of the Company.

Over 35 years, Mr. Bourbonnais headed three separate consulting firms specialized in human resource management and corporate structuring. Recognized as a pioneer in the recruitment of senior management in Quebec, Mr. Bourbonnais was also responsible for numerous corporate governance consulting mandates and is credited with the creation of a methodology for evaluating board performance.

Mr. Bourbonnais is currently the president of Bourbonnais Productions International Inc., a firm that specializes in television and film production, and a director of Maetta Sciences Inc.

"It is a pleasure to welcome Jean-Pierre Bourbonnais to IPL's Board of Directors," said Julien Metivier, Chairman of the Board of Directors. "He is an seasoned businessman whose practical experience in the field of corporate management acquired over the years will be an asset to both the Board and the Company."

About IPL

IPL Inc. is one of the leading North American producers of moulded plastic products through injection and extrusion for different industrial manufacturing sectors. IPL employs more than 1,000 people in its four plants located in Saint-Damien, Saint-Lazare and Lawrenceville (Quebec), and Edmundston (New Brunswick). The Company manufactures and markets over 400 products for packaging and materials handling. IPL also provides highly technical value-added custom moulding services for the automotive and transport industries, as well as for various industrial uses. Further information about IPL is available at www.ipl-plastics.com.

Forward-looking statements

Except for historical information provided herein, this press release may contain statements of a forward-looking nature concerning the future performance of the Company. These statements are based on management's best possible evaluation of future events, and as such involve a number of risks and uncertainties. The factors apt to cause variances in the results include, among others, fluctuations in quarterly results, changes in demand for the Company's products and services, the impact of competition on prices and the market in general, and any economic changes. As a result, readers are advised that actual results may differ from expected results.

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