Mr. Joe Abbandonato reports

IMAFLEX ANNOUNCES CHANGE IN EXECUTIVE LEADERSHIP

Joe Abbandonato, executive chairman of Imaflex Inc., will resume the position of president and chief executive officer of the corporation. Due to a non-compete clause with a former business partner, newly appointed president and CEO Roger Tambay will be stepping down from this role with immediate effect until matters should be resolved.

Mr. Abbandonato only recently stepped down as president and CEO, and his reappointment will ensure a simple transition. "As always, I will continue to work closely with the management team and our dedicated employees to ensure our ongoing focus on the success of the business," said Mr. Abbandonato.

About Imaflex Inc.

Founded in 1994, Imaflex is focused on the development and manufacturing of innovative solutions for the flexible-packaging space. Concurrently, the corporation develops and manufactures films for the agriculture industry. The corporation's products consist primarily of polyethylene (plastic) film and bags, including metallized plastic film, for the industrial, agricultural and consumer markets. Headquartered in Montreal, Que., Imaflex has manufacturing facilities in Canada and the United States.

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