Sigma Industries obtains $5.0 million financing from Investissement Québec as part of the Renfort program



    QUEBEC CITY, June 2 /CNW Telbec/ - Sigma Industries Inc. (TSX Venture
Exchange: SIC), a manufacturing company specialized in the production of
composite and metal components, today announced a $5.0 million term loan
financing from Investissement Québec. This financing will enable the Company
to make it through the severe economic crisis affecting the industry.
    The loan is part of the Renfort program launched in December 2008 by the
Québec Department of Economic Development, Innovation and Export Trade. This
program is geared mainly toward successful companies experiencing temporary
liquidity problems essentially due to tighter credit conditions given the
current economic and financial situation. The program is also aimed at
companies facing lower demand from foreign markets, as well as the volatility
of the Canadian dollar and raw material prices.
    This financing assures the Company of a 12-month capital repayment
moratorium on loans consented by its main banker. In so doing, the Company's
financial ratios have been renegotiated and the portion of long-term debt that
had to be reclassified as current owing to the non-respect of these ratios
will once again be considered of a long-term nature. Management believes the
current portion of long-term debt will be $1.2 million once the funds are
obtained.
    "This financing will contribute to preserve 229 jobs in our Canadian
facilities," mentioned Denis Bertrand, President and Chief Executive Officer.
"In addition to supporting our temporary liquidity needs caused by the
economic slowdown, this loan will enable us to further focus our efforts on
diversifying our operations and developing new manufacturing processes and new
value-added products that meet our clients' differentiation needs. We will
then be advantageously positioned for an activity pick-up in our target
markets."

    ABOUT SIGMA INDUSTRIES

    Sigma Industries Inc. (TSX-V: SIC), a manufacturing company specialized
in the production of composite and metal components, has six operating
subsidiaries and employs close to 300 people. The Company is active in the
heavy-duty truck, coach, transit and bus, train and subway, machinery,
agriculture, and wind energy market segments. Sigma sells its products to
original equipment manufacturers and distributors in the United States, Canada
and Europe.

    ABOUT INVESTISSEMENT QUEBEC'S RENFORT PROGRAM

    Implemented in December 2008, Renfort is a working capital and investment
fund that targets the stabilization and recovery of successful companies.
www.renfort.qc.ca.

    FORWARD-LOOKING STATEMENTS

    This press release contains certain forward-looking statements with
respect to the Company. Such forward-looking statements are dependent upon a
certain number of factors and are subject to risks and uncertainties. Actual
results may differ from those expected. The information contained in this
press release is dated June 2, 2009, the date on which the Directors approved
the press release. Management does not assume any obligation to update or
revise any forward-looking statements, whether as a result of new information
or future events, except when required by law.

    
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    




For further information:

For further information: Denis Bertrand, President and Chief Executive
Officer, Sigma Industries Inc., (418) 780-3902,
denis.bertrand@sigmaventures.ca; Bertrand Côté, Chief Financial Officer, Sigma
Industries Inc., (418) 780-3903, bertrand.cote@sigmaventures.ca; Martin
Goulet, CFA, MaisonBrison, (514) 731-0000, martin@maisonbrison.com

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