Pebercan will end its commercial activities



    TSX: PBC

    MONTREAL, Feb. 20 /CNW Telbec/ - PEBERCAN INC. (The "Company"), (TSX:
PBC) Pebercan inc. announces that it will end its commercial activities and
will distribute its residual assets stemming from payments received by Cuban
authorities through its subsidiary, Peberco Limited, as previously announced.
The Board of Directors is currently assessing various options at its disposal
in order to complete distribution of the amount to which each of its
shareholders would be entitled, after having set aside appropriate provisions
to satisfy all of its undertakings. The Company will disclose the details of
the distribution plan upon its finalization.
    Pebercan's interim consolidated financial statements and management
report for the period ended December 31, 2007 are available on our Web site at
www.pebercan.com, as well as on SEDAR at www.sedar.com.

    Legal Notice - Forward-Looking Statements

    Forward-looking statements contained in this press release involve known
and unknown risks, uncertainties or other factors that may cause actual
results, performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or implied by
such forward-looking statements. We consider that these forward-looking
statements are reasonable given the hypothesis on which they are based and
which the Board of Directors of the Company has reviewed and ascertained as
being well founded. Pebercan disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Important additional information
identifying risks and uncertainties is contained in the Company's most recent
annual and interim reports and forms filed with the applicable Canadian
securities regulatory authorities.
    %SEDAR: 00004118EF




For further information:

For further information: RENMARK Financial Communications Inc.:
www.renmarkfinancial.com; Henri Perron - hperron@renmarkfinancial.com; Dan
Symons : dsymons@renmarkfinancial.com; Montreal - (514) 939-3989; Fax: (514)
939-3717; Toronto - (416) 644-2020; Fax: (416) 644-2021; PEBERCAN Inc.:
Christophe Ranger - cranger@pebercan.com; (514) 286-5200; Fax: (514) 286-5177

Organization Profile

PEBERCAN INC.

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