Solidarity Fund QFL Celebrates Its 25th Anniversary This Year Under the Theme Innovate, Grow, Enrich

    MONTREAL, Jan. 29 /CNW Telbec/ - The Solidarity Fund QFL (the "Fund")
today unveiled to its 450 employees the activity program to celebrate its 25th
    "This 25th anniversary marks an important page in the history of Québec's
economic development thanks to the role and contribution of the Fund. Indeed,
since 1983, the Fund has been creating wealth in all its spheres of activity
by investing in businesses and thereby enabling them to create or maintain
hundreds of thousands of jobs to date, by providing workers with economic
training to help them increase their influence within the company and by
encouraging Quebecers to save, with the result that over half a million
shareholders today enjoy the benefits of the Fund's RRSP. These achievements
make us more determined than ever to continue forging ahead with our mission,"
stated Michel Arsenault, President of the QFL and Chairman of the Fund's Board
of Directors.
    "We are proud to see how our strategic investments and patient capital
have helped thousands of Québec businesses grow. Today, with over $7.4 billion
in net assets, the Fund is solid and continues to pursue its objectives to the
benefit of Québec. We will also continue making workers aware of the need to
save, particularly young people. In fact, in June 2007 the OECD stated that
people will need to save more for retirement, because, among other things,
people are retiring earlier(1) and living longer. With the tax credits we
offer and our goal to provide a reasonable return, the Fund's RRSP is a
responsible and attractive investment choice. And we must commend the
remarkable work of our local representatives who for the past 25 years have
been volunteering their time to promote our mission and the advantages of our
RRSP in their workplace. The Fund is backed by a team that has all the
expertise required to propose innovative solutions, to grow our shareholders'
equity and to enrich all of Québec," said the Fund's chief executive, Yvon
    During this anniversary year, themed Innovate, grow, enrich, the Fund
will hold events and use various media to share with its partners (employees,
SMEs, shareholders and the public) the highlights of its last 25 years, to
help them better understand the organization's impact on the local economy,
and to show them why the future bodes well. On the program:

    - In collaboration with HEC Montréal, the Fund is organizing a meeting in
      the fall for Québec entrepreneurs on the future of SMEs;
    - A conference for the Fund's partner companies will also be held in May;
    - A 25th anniversary souvenir magazine will be distributed to mostly
      business people across Québec in May;
    - A permanent exhibit on the Fund's history will be held at the Montréal
      head office and will be open to the public as of May;
    - A souvenir video dedicated to the organization's 25th anniversary will
      be posted on the Fund's Website in April;
    - On the occasion of this 25th anniversary, the Fund's employees wanted
      to become more involved in the community. To this end, a volunteer
      program called "La solidarité du coeur" was launched with Centraide
      Grand Montréal.

    "The Fund is a one-of-a-kind model of innovation, growth and enrichment
of which we are very proud," concluded Mr. Bolduc.

    About the Solidarity Fund QFL

    With net assets of over $7.4 billion as at November 30, 2007, the
Solidarity Fund QFL is a development capital company that through its RRSP
channels the savings of Quebecers into investments in all sectors of the
economy to help create and maintain jobs and to further Québec's economic
growth. The Fund is a partner, either directly or through its network members,
in 1,696 companies. It currently has more than 575,000 shareholders and has
helped, on its own or with other financial partners, to create, maintain and
protect over 122,000 jobs. For more information, visit

    (1) Press release, 07/06/2007, "People will need to save more as reforms
    cut pension promises, says OECD",

For further information:

For further information: The telephone number provided below is for the
exclusive use of journalists and other media representatives. Josée Lagacé,
Senior Advisor, Press Relations and Communications, Fonds de solidarité FTQ,
(514) 850-4835,

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