Sofame is in Final Negotiations to Close New Contracts

MONTREAL, April 11 /CNW Telbec/ - Sofame Technologies Inc. (TSXV: SDW), a leading manufacturer of environmentally efficient industrial hot water systems and cost effective heat recovery equipment, reported that several heat recovery projects developed over the last eighteen months are currently in final negotiations to become equipment orders.  No specifics are available until a firm order is in hand.  The summer months are typically when boiler retrofit projects are scheduled.

According to John Gocek, President of Sofame Technologies, "Now that the Sofame Steam Pump® order is shipping, our engineering resources are directed to closing the most pressing opportunities in our sales funnel."

2011 ASHRAE Technology Award First Prize for Pierre Boucher Hospital Includes Sofame Percotherm®

The American Society of Heating, Refrigerating and Air-Conditioning Engineers announced that the winning team's efficient design reduced the hospital's energy consumption by 9% in the existing building and 29% in the expansion, saving $210,000 per year in utility bills and reducing greenhouse gas emissions by 1,152 tons per year.  Global efficiency in the boiler room increased from 80% to 93%.  Total project payback was 3.6 years.

Bridge Loan Holders Voted to Postpone Capital Repayment

A year ago, Sofame borrowed $250,000 from a group of industry peers.  As mentioned in a press release dated April 1, 2010, the loan is secured by a mortgage bond charging all assets of the company.  Sofame has until July 6th, 2011 to either repay or refinance the loan.

Release of Q1 2011 Financial Reports Expected in April, Annual Meeting Planned for June

The Company expects to release its financial statements, management discussion and analysis ("MD&A") and Certifications for the quarter ended December 31, 2010 by the end of April 2011.  After the Annual General Meeting of Shareholders planned in June, an application to remove the management cease trade order will be filed with the Autorité des marchés financiers.  Sofame is reporting on progress of its audit in accordance with Policy 12-203.  Certain directors, officers and insiders of SOFAME are prohibited from trading in securities of SOFAME for as long as the annual financial statements, MD&A and related certifications are not filed.

All other persons, other than directors, officers or insiders, may trade freely in the Corporation's securities.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


For further information:

Stone Communication Services
Bill Mitoulas
(416) 867-2535

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