GLV has completed Christ Water Technology privatization

MONTREAL, Sept. 22 /CNW Telbec/ - GLV Inc. (the "Company"; TSX: GLV.A, GLV.B) announces it has completed the privatization process of Christ Water Technology AG (CWT), the majority of the shares of which were acquired in November 2009. As the Company has proceeded with the squeeze-out of the remaining shares, it now owns 100% of the shares of CWT. Therefore, CWT's shares are no longer listed on the Vienna Stock Exchange.

About GLV Inc.

GLV is a leading global provider of technological solutions used in water treatment as well as in pulp and paper production. GLV is present in some 30 countries and has approximately 2,300 employees, as at June 30, 2010. GLV is a publicly traded company whose shares are listed on the Toronto Stock Exchange under the symbols GLV.A and GLV.B. It is one of the constituents for the new S&P/TSX Clean Technology Index.

For further information: Investors: Louis Guindon, Vice-President, Treasury, [phone], [email protected]; Media: Yves Doucet, Director, Communications, [phone], [email protected]