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GLV Acquires One of the Leading Australian Providers of Integrated Wastewater and Water Re-use Solutions, Mainly for the Food Processing Industry

MONTREAL, March 7 (Note: All amounts are in Canadian dollars unless otherwise indicated.) GLV Inc. ("GLV" or "the Company"; ticker symbols LVG.A, LVG.B / TSX) is pleased to announce that it has acquired all the outstanding shares of AJM ENVIRONMENTAL SERVICES PTY LTD. ("AJM"), located in Sydney (Australia) and specializing in integrated technological solutions for industrial wastewater treatment and re-use, primarily for the food and beverage production and processing industry. The acquisition transaction was settled by a cash consideration of $16.2 M, financed using GLV's credit facilities, and the assumption of a $1.9 M debt relating entirely to the building housing AJM's Sydney-based headquarters.

AJM was founded in 1999 and has some 40 employees. Having achieved a 50% average annual revenue growth over the past three years, AJM recorded sales of
approximately $16.0 M in its last fiscal year. As one of the leading Australian providers of water treatment solutions to the food and beverage industry, AJM serves several national multi-facility customers in this sector. AJM is also involved in certain other industries targeted by GLV's Water Treatment Group, including the energy sector. Besides the Sydney headquarters, AJM's organization includes three other offices in Australia and New Zealand as well as sales agents in Southeast Asia.

Commenting on the strategic value of this acquisition, GLV's President and Chief Operating Officer Richard Verreault described the key advantages it brings to GLV as follows:

- The acquisition of AJM meets the Water Treatment Group's objective of better balancing its revenues between the municipal and industrial segments.
- It enhances GLV's offering and know-how in the provision of wastewater and water re-use solutions.
- It enables the Company to integrate technologies that are complementary to those of the Water Treatment Group, although primarily tailored to the needs of the food and beverage industry: one of the industrial segments experiencing the greatest and fastest growing demand for wastewater treatment and re-use technologies worldwide. The integrated solutions offered by AJM in this niche market notably include dissolved air flotation and biological systems that are highly efficient in terms of operating costs and recycled water quality, particularly when combined with the membrane technology. For instance, AJM is currently implementing a 4 million liter/day integrated water re-use system for a large food processing company in Australia, that will allow it to re-use more than 70% of its wastewater while achieving a level of purity superior to that of drinking water.
- The acquisition of AJM provides the Water Treatment Group with a broader operational base in Australia, a high-potential geographic market for water treatment solutions providers, considering its strong economy and lack of water resources.
- Finally, AJM has a dynamic and qualified team working primarily in product engineering, project management and sales, and shares the same entrepreneurial culture as GLV. Its three founding officers and major shareholders are joining GLV's Water Treatment Group and will contribute to the ongoing growth of this segment of its operations in Australia and to exporting the technologies and know-how they have developed to Europe and North America.

"Given the compelling need for more efficient water management practices worldwide, water recycling and re-use constitute a foremost field of expertise," added Richard Verreault. "Hence, the AJM acquisition is consistent with our long-term objective of positioning GLV as a global leader in comprehensive technological solutions for wastewater management, focusing on a number of high-potential niche markets and territories. In the short and medium term, we will seek to develop certain technological and market synergies between AJM and our Water Treatment Group's other units, in order to provide our customers with even more complete solutions and to further penetrate certain geographic markets."

About GLV Inc.
GLV Inc. is a leading global provider of technological solutions used in water treatment and in pulp and paper production. The Water Treatment Group specializes in the design and marketing of solutions for the treatment and re-use of municipal and industrial wastewater and water used in various industrial processes, and also offers water intake screening solutions for power stations and desalination plants. The Pulp and Paper Group specializes in the design and marketing of equipment used in various stages of pulp and paper production, notably chemical pulping, pulp preparation and sheet formation, and is a recognized leader in rebuilding, upgrading and optimization services for existing equipment, as well as the sale of spare parts. GLV is present in some 30 countries and has approximately 1,500 employees.


CONFERENCE CALL WITH INVESTORS ON THE ACQUISITION ON AJM ENVIRONMENTAL SERVICES PTY LTD.
Friday, March 7, 2008 at 10:00 a.m. (Montreal time)

To participate in the conference call, please dial 1-800-590-1817 a few minutes before the start of the call. For those unable to participate, a taped re-broadcast will be available Friday, March 7, 2008 from noon until midnight, Friday, March 14, 2008, by dialing 1-877-289-8525; access code 21265326 #. THE CONFERENCE CALL (AUDIO) WILL ALSO BE AVAILABLE AT GLV Inc.. Members of the media are invited to listen in.

For further information: Investors: Marc Barbeau, Executive Vice-President and Chief Financial Officer, (514) 284-2224, www.glv.com; Josée Lefebvre, (514) 845-1224; Media: Amély Tremblay, (514) 289-8688, ext. 226

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