CPI Plastics Group Ltd. announces TSX delisting review

    MISSISSAUGA, Feb. 21 /CNW/ - CPI Plastics Group Limited., ("CPI")
announced today that the TSX is reviewing the common shares of CPI with
respect to meeting the continued listing requirements of the TSX. This review
only relates to the current market capitalization of CPI's common shares which
is below the TSX minimum requirement and has no impact on the financial
condition of the Company. The Company is in compliance with all other TSX
requirements. The Company has been granted 120 days to comply with all
requirements for continued listing. The Company is currently looking at
alternatives to maintain liquidity in the secondary market for CPI's common
shares, one of which would be listing on the TSX Venture Exchange.

    CPI Plastics Group Ltd. is a Canadian-based plastics processor and a
recognized international leader in thermoplastics profile design, engineering,
processing and value added manufacturing. CPI is comprised of three key
divisions. CPI's Outdoor Living Products Group manufactures and markets eon(R)
Decking and Fencing Systems, as well as high value-added cladding and
accessory components to the outdoor hot tub industry. CPI's Film Products
Group manufactures and markets the Rack Sack(R) household refuse management
system and a wide range of branded and private label household and industrial
refuse bags. CPI's Custom Products Group supplies leading OEM manufacturers
with custom profile solutions to enhance quality, cost effectiveness and
process ability. Based in Mississauga, Ontario and Pleasant Prairie,
Wisconsin, CPI's dedicated team of over 600 employees currently manufactures
out of six plants occupying 530,000 square feet of manufacturing space and
housing over 135 extruders. To learn more about CPI, visit our website at

    %SEDAR: 00011090E

For further information:

For further information: Mr. J. David Wood, Executive Vice President and
Chief Financial Officer, (905) 795-5505

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