BMTC Group Inc. announces the renewal of its programs to acquire Class A Subordinate Voting Shares and Class B Multiple Voting Shares



    MONTREAL, Aug. 31 /CNW Telbec/ - BMTC Group Inc. ("BMTC") (TSX: GBT.A)
announces that it has received the required regulatory approvals to renew its
program to acquire Class A Subordinate Voting Shares listed on the Toronto
Stock Exchange (the "TSX") for the period between September 6, 2007 and
September 5, 2008 at the latest. BMTC also announces that it will renew its
program to acquire Class B Multiple Voting Shares, which are not listed on any
stock exchange, for the period between September 6, 2007 and September 5, 2008
at the latest. BMTC's previous programs will expire on September 5, 2007.
Pursuant to its renewed programs, BMTC intends to acquire, through the
facilities of the TSX and in accordance with the requirements of the TSX, up
to 10% of the public float of its Class A Subordinate Voting Shares
representing 1,267,307 of such shares as of August 30, 2007, and to acquire up
to 5% (less one share) of its Class B Multiple Voting Shares representing
554,284 of such shares as of August 30, 2007.
    The average daily trading volume of BMTC's Class A Subordinate Voting
Shares over the last six complete calendar months was 1,675 shares (the
"ADTV"). Accordingly, under TSX rules and policies, BMTC is entitled on any
trading day to purchase up to 1,000 Class A Subordinate Voting Shares. Once a
week, in excess of the daily 1,000 Class A Subordinate Voting Shares
repurchase limit, BMTC may also purchase a block of Class A Subordinate Voting
Shares not owned by an insider (i) having a purchase price of $200,000 or
more, (ii) of at least 5,000 Class A Subordinate Voting Shares having a
purchase price of at least $50,000, or (iii) of at least 20 board lots of
Class A Subordinate Voting Shares which total 150% or more of the ADTV in
accordance with TSX rules. BMTC has retained National Bank Financial Inc. as
broker to manage the program.
    As of August 30, 2007, there were 20,216,467 Class A Subordinate Voting
Shares and 11,085,685 Class B Multiple Voting Shares issued and outstanding.
As of August 30, 2007, the public float of the Class A Subordinate Voting
Shares was 12,673,072 shares. Class A Subordinate Voting Shares and Class B
Multiple Voting Shares may be acquired at the market price at the time of the
acquisition. The Class A Subordinate Voting Shares and the Class B Multiple
Voting Shares acquired through these programs will be cancelled. BMTC Group
Inc. considers that the acquisition of such Class A Subordinate Voting Shares
and Class B Multiple Voting Shares that it may effect from time to time in the
course of these programs is a sound use of its funds.
    BMTC acquired for cancellation between September 6, 2006 and August 31,
2007, a total of 1,689,554 Class A Subordinate Voting Shares with respect to
which the weighted average price paid was $19.48 per share, and 622,226 Class
B Multiple Voting Shares with respect to which the weighted average price paid
was $21.33 per share.

    BMTC Group Inc., which Class A Subordinate Voting Shares are listed on
the Toronto Stock Exchange, is an important retailer of furniture, electronic
goods and household appliances in the Montreal, Quebec City, Laval,
Ste-Hyacinthe, St-Jean-sur-le-Richelieu, Granby, Repentigny, Ste-Foy,
Sherbrooke, Trois-Rivières, Rimouski, St-Georges, Rivière-du-Loup, Chicoutimi,
and Gatineau regions through its affiliates Brault & Martineau Inc. and
Ameublements Tanguay.




For further information:

For further information: Mr. Yves Des Groseillers, Chairman, President
and Chief Executive Officer, BMTC Group Inc., (514) 648-5757


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