Solidarity Fund QFL Invests $2 Million in Start-up Kool Desserts



    MONTREAL, March 16 /CNW Telbec/ - The Solidarity Fund QFL (the "Fund")
today announced an investment in Kool Desserts Inc., a start-up that produces
and markets dairy snacks.
    Thanks to their nutritional value, the Ste-Hyacinthe company's snacks,
produced from whole milk and cream, are in increasing demand. The Fund's
investment was used to set up a production facility and to introduce three new
product lines-Creemm, Mooss and Kookk-already available in supermarkets. The
company has been distributing its desserts in Québec and Ontario since last
fall.
    "Investing in start-ups is part of our economic mission and Kool Desserts
is an excellent example. This company has managed to carve out a niche in this
intensely competitive manufacturing industry. The Fund commends Kool Desserts
for its dynamic and creative management team and will be there to give them
all the backing they need to grow the company," stated Gaétan Morin, the
Fund's Executive Vice-President, Investments.

    About the Solidarity Fund QFL

    With net assets of $6.9 billion, the Solidarity Fund QFL is a development
capital company that, through its RRSP, channels the savings of Quebecers into
investments in all sectors of the economy to help create and maintain jobs and
to further Québec's economic growth. Either directly or through its network
members, the Fund is a partner in 1,681 companies. It currently has nearly
570,000 shareholders and has helped, on its own or with other financial
partners, to create, maintain and support over 116,000 jobs. For more
information, visit www.fondsftq.com.




For further information:

For further information: The telephone number provided below is for the
exclusive use of journalists and other media representatives: Josée Lagacé,
Senior Advisor, Press Relations and Communications, Solidarity Fund QFL, (514)
850-4835, jlagace@fondsftq.com


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