Lawsuit against Pebercan Inc.



    TSX: PBC

    MONTREAL, Feb. 18 /CNW Telbec/ - PEBERCAN INC. (the "Company" or
"Pebercan"), (TSX: PBC) Pebercan announces that two of its shareholders,
including a former senior Officer of the Company, have filed a lawsuit in
Québec and are claiming oppression and seeking damages against Pebercan. The
plaintiffs allege oppressive illegal acts by the Company, Peberinvest B.V. as
well as Mr. Michel Reybier, indirect controlling shareholder, Director and
Chairman of the Board of Pebercan. The plaintiffs are seeking damages of
approximately 6 million $ CDN.
    The Company categorically denies the merits of the allegations claimed
and intends to vigorously defend itself against this lawsuit.

    Legal Notice - Forward-Looking Statements
    -----------------------------------------

    The forward-looking statements contained in this press release involve a
number of known and unknown risks and uncertainties as well as other factors,
the effect of which may be that the Company's actual results, performance and
accomplishments differ significantly from the future results, performance and
accomplishments stated or implied in such forward-looking statements. The
Company has no obligation to update or modify such forward-looking statements,
either as a result of new information, future events or for any other reason,
and we expressly deny any such obligation in relation thereto. The Company's
most recent annual and interim reports and other documents filed with the
relevant securities commissions and regulators in Canada contain important
additional information on such risks and uncertainties.
    For more information concerning the quarterly reports or annual reports,
or to obtain additional information on the Company, please visit our Internet
site at: www.pebercan.com and SEDAR's Internet site at: www.sedar.com.

    
     THE CONTENTS OF THIS PRESS RELEASE HAVE NEITHER BEEN APPROVED, NOR
                     DISAPROVED BY ANY REGULATORY AGENCY
    
    %SEDAR: 00004118EF




For further information:

For further information: PEBERCAN Inc.: Christophe Ranger (CEO), (514)
286-5200, Fax: (514) 286-5177, cranger@pebercan.com; RENMARK Financial
Communications Inc: Henri Perron: hperron@renmarkfinancial.com; Dan Symons:
dsymons@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com

Organization Profile

PEBERCAN INC.

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