Algo announces Mr. Isaac Mimran's nomination for election as a director

    MONTREAL, Aug. 31 /CNW Telbec/ - Algo Group Inc. announced today that
Mr. Isaac Mimran will be nominated for election as a director of Algo at its
upcoming Annual Meeting of Shareholders. Mr. Mimran is currently the President
of Phat Farm Canada and of Canam Health The nomination of
Mr. Mimran is part of an effort by Algo to increase the number of independent
directors serving on its board. Algo's Annual Meeting of Shareholders will be
held at 10:00am on Thursday, September 27, 2007, at 5555 Cypihot Street,
Montreal, Québec H4S 1R3.


    Algo Group is a Canadian importer of ladies' fashion apparel, as well as
men's, boy's and children's sportswear that is marketed throughout North
America. The Company also imports home furnishing products that it markets to
retailers in North America, and holds licenses to sell various brand products
including Levi's Home in Canada and the United States.

    Forward-looking statement

    Except for historical information provided herein, this press release may
contain information and statements of a forward-looking nature concerning the
future performance of Algo. These statements are based on suppositions and
uncertainties as well as on management's best possible evaluation of future
events. Such factors may include, without excluding other considerations,
evolution in customer demand for Algo's products and services, the impact of
price pressures exerted by competitors, and general market trends or economic
changes. As a result, readers are advised that actual results may differ from
expected results.

For further information:

For further information: ALGO GROUP INC.: Ken Labelle, C.A., Chief
Financial Officer, (514) 908-7804; Investor Relations: Maison Brison: Rick
Leckner, (514) 731-0000

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