Eleventh Annual Meeting of Montréal International - $622 million in foreign investment and three new international organizations for greater Montréal

    MONTREAL, April 23 /CNW Telbec/ - At its 11th annual meeting, Montréal
International (MI) presented its results for 2006 and renewed the mandates of
seven members of its Board of Directors. Attended by nearly 200 members and
partners, the meeting was presided over by Pierre Brunet, Chair of MI's Board
of Directors and Chair of the Caisse de dépôt et placement du Québec.
    "Despite very strong international competition, 2006 was a good year for
Montréal International and the metropolitan area," said Mr. Brunet. "The
organization reached all of its objectives, generating substantial spinoffs
for Greater Montréal, specifically in terms of foreign investment and
international organizations," he added.
    In fact, in 2006, Montréal International helped to attract $622 million
in foreign investment in the metropolitan area, mainly in the high-technology
sectors, the pillars of metropolitan Montréal's economy. These projects, which
will enable 3,500 jobs in Greater Montréal to be either created or maintained,
stem from North America (72%) and Europe (28%).
    On the international organizations front, five projects were successfully
completed last year. Montréal welcomed Alternatives International, a group
that umbrellas several alterglobalist political and social organizations, and
the International Gay and Lesbian Chamber of Commerce, which supports
entrepreneurs from the gay community.
    Other projects include the expansion of two organizations that are
already established in the area, specifically the International Secretariat
for Water (ISW) and the UNESCO Institute for Statistics (UIS), as well as the
relocation of the Institute of Cultural Affairs International, from Brussels,
the site of its head office for several decades, to Montréal. Moreover, the
Civil Air Navigation Services Organisation (CANSO), an influential body from
the civil aviation sector, opened a liaison office with the ICAO in Montréal
last year.

    Development of competitive clusters

    Montréal International has also continued to actively support the
development of Montréal InVivo, the life sciences cluster, and TechnoMontréal,
the Information and Communications Technology cluster, both of which worked
toward the implementation of their action plan by rallying stakeholders around
highly promising projects, such as those related to international visibility,
innovation and the availability of qualified labour and funding.

    Continued partnerships

    In 2006, MI received over $1.1 million in private funding from 120 or so
members, as well as $9.1 million from the Government of Canada, the Government
of Québec, the Communauté métropolitaine de Montréal and the City of Montréal.
"The financial support we received is proof of the confidence that our
partners, institutions and the Montréal business community have in our
organization and its mandates. By joining Montréal International, members show
their support of our mission of public interest: to build the collective
wealth. They recognize that we all gain from joining our strengths and
investing in the development of our community," said Mr. Brunet.

    Renewal of the mandates of seven members of the Board of Directors

    MI's Board of Directors has renewed the mandates of seven of its
directors, listed below (in alphabetical order):

    - Luc Benoît, President, Tecsult
    - Jean-Jacques Bourgeault, President, CDC Coaching
    - Pierre Brunet, Chair, Caisse de dépôt et placement du Québec
    - Renaud Caron, Senior Vice-president, Strategic Development,
      CGI Group Inc.
    - Jean-Pierre Sauriol, President and CEO, Dessau-Soprin
    - Jacques St-Laurent, President, Bell Helicopter Textron Canada Ltd.
    - Luc Vinet, Rector, Université de Montréal

    Change in senior management

    Following the retirement of Marc G. Fortier, who was President and CEO of
Montréal International since February 2004, the Board of Directors named André
Gamache, who joined MI last fall as Senior Vice President and Corporate
Secretary, to act as Interim President and CEO.

    Montréal International

    Montréal International was created in 1996 as a result of a private/public
partnership. Its mission is to contribute to the economic development of
Metropolitan Montréal and to enhance its international status. Montréal
International is financed by the private sector, the Communauté métropolitaine
de Montréal, the City of Montréal, and the governments of Canada and Québec.
Its mandates include attracting foreign investment, international
organizations and strategic workers, and supporting the development of
competitive clusters in the high-technology sectors.
    The complete report of Montréal International's 2006 activities can be
found at www.montrealinternational.com.

                               2006 HIGHLIGHTS


    - $622M in foreign investment, representing over 3,500 jobs
    - Nearly 75% of investments were in the three main high technology
    - 227 receptions for foreign investors
    - 46 promotional and prospecting activities


    - Two new set-ups: Alternatives International and the International Gay &
      Lesbian Chamber of Commerce
    - Two expansions: the International Secretariat for Water (ISW) and the
      UNESCO Institute for Statistics (ISU)
    - A relocation to Montréal: Institute of Cultural Affairs International
    - New liaison bureau with ICAO: Civil Air Navigation Services
      Organisation (CANSO)


    - 694 strategic foreign worker files
    - 1,195 people assisted
    - 204 companies and organizations assisted


    - Organized the 2nd annual Montréal InVivo Life Sciences Career Fair
    - Bio VentureForum East 2007 to be held in Montréal


    - Set-up of TechnoMontréal corporation and www.technomontreal.com Website
    - Mobilized the sector to support common objectives and core projects


    - $1.1M
    - 120 member companies and institutions

    - $9.1M
    - From the Governments of Canada and Québec, the Communauté
      métropolitaine de Montréal, and the City of Montréal

For further information:

For further information: Céline Clément, Communications Advisor,
Montréal International, (514) 987-9390,

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