OTTAWA, March 13 /CNW Telbec/ - As disclosed by Growthgen Equity Inc.
("Growthgen") by separate release as of the date hereof, Growthgen has
acquired of all of the issued and outstanding securities (the "Acquisition")
of Process Photonics Inc. ("Process Photonics").
In connection with the Acquisition, Paul Labelle, an officer and former
shareholder of Process Photonics, has acquired 2,870,866 common shares of
Growthgen, representing 16.56% of the outstanding common shares of Growthgen
as of the closing of the Acquisition. Mr. Labelle does not own any other
securities of Growthgen.
Such Growthgen common shares were issued to Mr. Labelle in exchange for
1,789,028 shares of Process Photonics that he held and such Growthgen common
shares are held in escrow pursuant to the requirements of the TSX Venture
For a full description of the Acquisition please refer to the filing
statement of Growthgen filed on www.SEDAR.com on February 28, 2007.
Mr. Labelle is issuing this press release pursuant to the requirements of
National Instrument 62-103 - The Early Warning System and Related Take-Over
Bid and Insider Reporting Issues - and the applicable Canadian securities
For further information:
For further information: Paul Labelle, 349 Terry Fox Drive Ottawa,
Ontario, K2K 2V6