Ranaz Announces BarTech Expansion

- Current production capacity to increase by over 50%

- Production of new Protidiet and ProtiLife bars to start in Q4

- Acquisition of building located near BarTech postponed

Ranaz estimates that it can increase its current production capacity by 50% to over 40 million bars, which will enable it to manufacture its new Protidiet and ProtiLife bars at the BarTech plant. The production of these bars will begin in the fourth quarter of 2008.

"This initiative arises from two objectives: improved profitability and the sound financial management of our assets," said Jean Bourassa-Marineau, President and Founder of Ranaz. "This initiative is one of several measures taken this fall that should enable us to generate savings from vertical integration and make our operations profitable. Given the current macroeconomic climate, we opted for a more prudent approach that will generate a better return on investment in the short term and at the same time reduce our risk exposure."

Consequently, the Company has postponed to a later date its proposed acquisition of a building located near BarTech, as it was unable to put in place an adequate financial structure due to the current financial crisis in the United States. -- www.cnxmarketlink.com