Louis Garneau Sports sells Chlorophylle to Quebecers



    SAGUENAY, QC, Feb. 19 /CNW Telbec/ - Louis Garneau Sports, an
international company, today announces the sale of Chlorophylle, bought in
2003. Back then, after meeting with friend Gilles Couet, then President of
Chlorophylle, Louis Garneau decided to relieve Chlorophylle from the financial
hardship that the prestige company was then facing, so as to preserve its
Quebec identity. Five years later, now that Chlorophylle is profitable again,
Louis Garneau declares his mission accomplished and now sells the company so
as to better concentrate on developing the international market of the company
he founded. Louis Garneau Sports' top priority is to become a world leader
while offering its global solution to all cyclists. "Considering how
competitive is the ever-changing world market, we must concentrate our efforts
and keep our focus on that business strategy for 2008", explains President
Louis Garneau.
    Mr. Garneau also adds: "I am really proud that Chlorophylle's new owners
are Quebecers. I've always said that this wonderful company truly belongs to
Saguenay! I am very happy to allow Mr. Laval Tremblay, current General
Manager, and Daniel Lemay, current Director of Operations for Chlorophylle, to
become Chlorophylle owners today, to fully develop as entrepreneurs and to
ensure the business growth and prosperity throughout the years. There is no
doubt in my mind that now has come the time for me to hand down the torch to
first-act developers so as to better focus on my conquest of the world market,
helped by my creative team."
    Louis Garneau Sports is a 100% Quebec-owned business celebrating its 25th
anniversary in 2008. Over the years, the company rejected several buying
offers from the United States and, once again, the possibility of selling
Chlorophylle to foreign investors was excluded. The Louis Garneau Group has
over 330 employees, including a factory located in the United States and
offering jobs to 80 people. As many as 1,259 products in our numerous
collections are available for sale in over 30 countries. And this year, the
Group's international sales increased by over 30%.
    Other expansion projects should be announced in the coming months in
order to better meet the rising needs on the international market.

    About Louis Garneau - For over 25 years, Louis Garneau has been producing
and patenting the leading apparel, helmets, shoes, bicycles and accessories
for cycling and triathlon. Garneau's technical products push the limits of
excellence and performance. With distribution in over 30 countries, Louis
Garneau is a leader in its industry. Through sponsorship of renowned teams
including the Canadian Cycling team for over 25 years, Bouygues Telecom,
Jittery Joe's, TOSHIBA-Santo Pro, Maxxis by Herbalife, and more, Louis Garneau
continues to support the cycling community. For more information, please visit
www.louisgarneau.com




For further information:

For further information: Julie Charbonneau, Communications Manager,
Louis Garneau Sports Inc., (418) 878-4135, ext. 287, Fax: (418) 878-4335,
jcharbonneau@louisgarneau.com

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LOUIS GARNEAU SPORTS INC.

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