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October 1998
CPI PLASTICS GROUP LTD. GOES PUBLIC
MISSISSAUGA, ONTARIO - CPI Plastics Group Ltd., a North American leader in extruded thermoplastics design, engineering and manufacturing, is pleased to announce that, as of September 21, 1998, it became a Toronto Stock Exchange (TSE) listed company.
A reverse take-over by CPI of Waterford Capital Management Inc. was approved on September 21, 1998. Waterford shares have been delisted and CPI has commenced trading under the symbol CPI.
Mr. Peter Clark, the President and controlling shareholder of CPI, said "The combination of CPI and Waterford will provide the shareholders of Waterford with growth opportunity in the plastics industry and a unique opportunity for CPI to become a listed TSE public company with a significant shareholder base." He stated that CPI would be first communicating with all of its new shareholders in early November when it will be releasing its first public quarterly report for the nine month period ending September 30, 1998.
CPI is a North American leader in designing, engineering and manufacturing thermoplastic extrusions such as decorative trim and functional parts for a variety of industries including automotive OEM and appliance manufacturers. Through a joint venture with Extrudawood International of Great Britain, in which CPI has a 70% interest, CPI produces extruded plastic wood known as "Extrudawood" for the North American market.