Garneau Inc. second quarter results ended June 30, 2009

    NISKU, AB, Aug. 14 /CNW/ - Garneau Inc. (GAR-TSX) today filed its Second
Quarter Report and related Management's Discussion and Analysis for the
quarter ended June 30, 2009.
    Copies of these documents are available electronically at
or the Company's website at

    Selected Annual Information

    Summary of Results                                   Three months ended
    (In thousands, except per share data,               June 30,    June 30,
     unaudited)                                           2009        2008
    Revenue                                            $   4,551   $   2,538
    Margin                                                   295        (178)
    Margin %                                                6.5%       (7.0%)
    Earnings (loss) before income taxes                   (1,388)     (2,377)

    Net earnings (loss)                                   (1,388)     (2,377)
    Earnings (loss) per share - basic                      (0.11)      (0.20)
    Earnings (loss) per share - diluted                    (0.11)      (0.20)

    About Garneau Inc.
    Garneau Inc's primary business has been the application of high
performance protective coating and linings for oil and gas pipeline
protection. The corporation also designs and fabricates oilfield equipment for
both domestic and international markets. With over 30 years of operating
experience, Garneau Inc. has developed a significant level of expertise and is
well known for innovative technology. The company's website can be accessed at

    This report includes forward looking statements that are based on the
Garneau's current expectations and therefore are subject to uncertainties such
as the level of industry drilling and coating activity, foreign exchange
fluctuations and world wide economic conditions that may cause actual results
to differ materially.

    %SEDAR: 00008952E

For further information:

For further information: Phone: (780) 955-2396, Fax: (780) 955-7715,
Glen Garneau, President & CEO, Email:; Megan Picard,
Interim CFO,

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