GLV's Water Treatment Group Awarded New Large-Scale Contracts Worldwide Totalling Over $45 M



    MONTREAL, July 16 /CNW Telbec/ - (All amounts are in Canadian dollars
unless otherwise indicated.) Management of GLV Inc. ("GLV" or "the Company";
ticker symbols LVG.A and LVG.B) is pleased to announce that in recent weeks,
the Water Treatment Group (Eimco Water Technologies) was awarded several
large-scale contracts totalling over $45 M. In terms of value, over 52% of
these new contracts, or $23.8 M, was obtained in the industrial segment in the
Middle East, Australia, New Zealand, the United States, Eastern Europe and
New Caledonia. These industrial contracts relate to state-of-the-art
technologies mostly destined for companies operating in the energy and food
and beverage processing sectors, as well as in certain other industrial
fields. The Water Treatment Group notably obtained three orders totalling
$14.8 M in the energy sector, including one worth $6.7 M consisting in an
automatic condenser cleaning system to be delivered in the Middle East during
the fourth quarter of GLV's fiscal 2009. The two other orders, worth $5.7 M
and $2.4 M respectively, are in the United States and Hungary and will be
finalized during fiscal 2010. In addition, three contracts totalling $5.8 M
were awarded to the Australian company AJM Environmental Services acquired by
GLV in March 2008. Pursuant to these contracts, which will be completed during
fiscal 2009 and early fiscal 2010, the Water Treatment Group will deliver
wastewater treatment, recycling and purification systems designed for food and
beverage processing companies in Australia and New-Zealand.
    GLV's President and Chief Operating Officer Richard Verreault says he is
very pleased with the Water Treatment Group's new industrial contracts which
not only attests to the contribution of its latest acquisition to the
development of its business, but also support GLV's goal to better balance
this group's municipal and industrial revenues. For information purposes, the
industrial segment generated approximately 29% of the Water Treatment Group's
revenues in the last fiscal year, a proportion that management aims to
increase to over 50% within the next few years.
    The Water Treatment Group was also recently awarded large-scale contracts
worth close to $22 M in the municipal sector, mainly in the United States, but
also in Canada and Africa. In the U.S. municipal market, the group obtained
orders totalling $8.7 M for submerged membrane (MBR) bioreactors, of which a
contract worth close to $7 M for a municipality in the State of Washington, to
be delivered during fiscal 2011. Apart from this contract and three others
totalling $4.8 M which will be finalized during fiscal 2010, all of the other
municipal contracts recently garnered by the group will be completed before
the end of the current year.
    It should be noted that these new industrial and municipal contracts
announced today add to the numerous smaller-scale orders also obtained during
the same period that are included in the Water Treatment Group's order
backlog.

    Ticker symbol changes
    ---------------------

    GLV's management wishes to inform investors that as of August 21, 2008,
its Class A Subordinate Voting shares and its Class B Multiple Voting shares
will be traded on the TSX under the new ticker symbols, GLV.A and GLV.B
respectively.

    About GLV Inc.
    --------------

    GLV Inc. is a leading global provider of technological solutions used in
water treatment and pulp and paper production. Its Water Treatment Group (also
known worldwide as "Eimco Water Technologies") specializes in the design and
international marketing of solutions for the treatment and recycling of
municipal and industrial wastewater and water used in various industrial
processes. It also offers water intake screening solutions for power stations
and desalination plants. With its extensive technological portfolio, the group
is positioned to provide comprehensive solutions for the filtration,
clarification, treatment and purification of water that will either be
returned into the environment, or be re-used in various industrial processes
or for domestic purposes. Its Pulp and Paper Group specializes in the design
and global marketing of equipment and systems used in various stages of pulp
and paper production, notably chemical pulping, pulp preparation and sheet
formation and finishing. This group ranks among the foremost players in its
industry and is a recognized leader in rebuilding, upgrading and optimization
services for existing equipment, as well as the sale of spare parts. GLV is
present in some 30 countries and has close to 1,700 employees.




For further information:

For further information: Marc Barbeau, CA, Executive Vice-President and
Chief Financial Officer, (514) 284-2224, marc.barbeau@glv.com; www.glv.com

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