Tontine Capital Partners, L.P. and Tontine Capital Overseas Master Fund, L.P. file for sale of shares of CVTech Group Inc.



    GREENWICH, CT, Jan. 13 /CNW Telbec/ - Tontine Capital Partners, L.P.
("TCP") and Tontine Capital Overseas Master Fund, L.P. ("TCOMF", and
collectively with TCP, "Tontine") announce that they intend to divest
themselves of all of the 5,399,197 common shares of CVTech Group Inc. (the
"Common Shares") held by them. Tontine will sell the Common Shares through the
facilities of the Toronto Stock Exchange.
    TCP owns 4,589,300 Common Shares, which represents, on a non-diluted
basis, approximately 8.3% of the total issued and outstanding Common Shares as
of December 31, 2008, and TCOMF owns 809,897 Common Shares, which represents,
on a non-diluted basis, approximately 1.5% of the total issued and outstanding
Common Shares as of December 31, 2008.
    The business address of Tontine Capital Partners, L.P. is 55 Railroad
Avenue, 1st Floor, Greenwich, Connecticut USA 06830. The business address of
Tontine Capital Overseas Master Fund, L.P. is c/o Walkers SPV Limited, Walker
House, 87 Mary Street, Georgetown, Grand Cayman, Cayman Islands KY1-9002.

    About Tontine Capital Partners, L.P. and Tontine Capital Overseas Master
    Fund, L.P.

    Tontine Capital Partners, L.P., a Delaware limited partnership, and
Tontine Capital Overseas Master Fund, L.P., a Cayman Islands limited
partnership, are private investment funds headquartered in Greenwich,
Connecticut, USA.

    Tontine Capital Management, L.L.C. is the general partner of Tontine
Capital Partners, L.P. and has the power to direct its affairs. Tontine
Capital Overseas GP, L.L.C. is the general partner of Tontine Capital Overseas
Master Fund, L.P., and has the power to direct its affairs. Jeffrey L. Gendell
is the managing member of both Tontine Capital Management, L.L.C. and Tontine
Capital Overseas GP, L.L.C. and in that capacity controls their operations.




For further information:

For further information: Alberto de Brito, Tontine Capital Management,
LLC, (203) 769-2000

Organization Profile

TONTINE CAPITAL OVERSEAS MASTER FUND, L.P.

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TONTINE CAPITAL PARTNERS, L.P.

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