RW Packaging Ltd.

RW Packaging Ltd.

October 13, 2006 18:38 ET

RW Packaging Ltd. Announces its Notice of Intention to Make a Normal Course Issuer Bid

WINNIPEG, MANITOBA--(CCNMatthews - Oct. 13, 2006) - RW Packaging Ltd. (the Corporation) (TSX VENTURE:RWP) today announced its intention, subject to receipt of all required regulatory approvals including approval by the TSX Venture Exchange and compliance with applicable securities laws, rules and regulations, to make a normal course issuer bid for up to 346,718 of its common shares for cancellation, being just less than 5% of the 6,934,398 common shares currently issued and outstanding. Subject to obtaining the aforementioned approvals, the normal course issuer bid will commence on November 1, 2006 and end no later than October 31, 2007. The bid is expected to be made through the facilities of the TSX Venture Exchange. The purchase and payment for the securities will be made in accordance with Exchange requirements at the market price of the common shares at the time of the acquisition. A Notice of Intention to Make an Issuer Bid will be filed with the TSX Venture Exchange and the securities commissions of Manitoba, Alberta and British Columbia.

The Corporation believes that its common shares have been trading in a price range which does not adequately reflect their value and that the purchase of the common shares will enhance shareholder value in general.

RW is GMP licensed and ISO 9001 registered. The Company blends and packages liquid and powder private brand consumer products for major retailers and national brand marketers across North America.

Additional information relating to the Company is available online at or the Company's website at


Mr. Henry A. De Ruiter, President & CEO

Shares Issued 6,934,398

2006-10-12 Close $0.25

The TSX Venture Exchange (TSX Venture) has not reviewed, and does not accept responsibility for, the adequacy or accuracy of this release.

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