Savaria Corporation
TSX : SIS

Savaria Corporation

April 29, 2008 16:34 ET

Savaria to Distribute Merits Products

LAVAL, QUEBEC--(Marketwire - April 29, 2008) - Savaria Corporation (TSX:SIS), the second largest company in the accessibility industry in North America, announces the signature of a distribution agreement with Merits Health Products Co. that assigns to Savaria the exclusive distribution of Merits' motorized wheelchairs and electric scooters in Canada and the right to sell them in the United States.

"This partnership fits perfectly with our development strategy as it enables us to expand our product line," indicated Marcel Bourassa, President and Chief Executive Officer of Savaria. "Merits' products are targeted to people with mobility challenges and are therefore a perfect complement to the adapted vehicles and elevators we offer. We are confident that this agreement will not only foster our customers' satisfaction and earn their loyalty, but also contribute to grow our sales as of the second half of the current fiscal year."

Savaria has an extensive North American network of dealers, retailers and installer-partners. Through its subsidiary Van-Action (2005) Inc., the Corporation thereby intends to rapidly position itself in the motorized wheelchair and electric scooters segments, especially in Canada in which it benefits from exclusive distribution rights.

The marketing of Merits' products has been assigned to Terry Miller, who was hired by Van-Action on April 21, 2008. Over the past decade, Mr. Miller was Senior Product Manager at Vantage Mobility International in Phoenix, Arizona, a North American leader in the conversion of vehicles. "We are delighted to welcome Mr. Miller to our management team. Savaria will definitely benefit from his in-depth knowledge of the accessibility market in North America," concluded Mr. Bourassa.

Forward-Looking Statements

Certain statements in this press release may be forward-looking. Forward-looking statements involve known and unknown risks, uncertainties or other factors that may cause the Corporation's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Savaria Corporation is Canada's leader and the second largest accessibility company in North America. The Corporation designs, manufactures and distributes products meeting the needs of people with mobility challenges, primarily stairlifts, vertical and inclined platform lifts, as well as elevators for residential and commercial use. Through Van-Action (2005) Inc., Savaria also converts and adapts vehicles for the disabled. Its sales rely on a network of some 600 retailers in North America. Savaria records approximately 60% of its sales outside Canada and employs some 300 people.

Merits Health Products Co. (www.merits.com.tw/index_en.php), based in Taiwan, manufactures more than 100,000 motorized wheelchairs and electric scooters annually. This industry leader designs premium-quality products certified by various regulatory authorities such as the FDA (U.S.), CE (Europe), JIS (Japan), TUV and ISO.

Contact Information

  • Savaria Corporation
    Marcel Bourassa
    Chairman, President and Chief Executive Officer
    1-800-931-5655
    www.savaria.com