ZCL Composites Inc. is one of CANADA’S 50 BEST MANAGED COMPANIES

January 12, 2004  

Edmonton, Alberta February 17, 2004... ZCL Composites Inc. of Edmonton is proud to be recognized among CANADA’S 50 BEST MANAGED COMPANIES. The Company will be honoured at the awards gala, to be held in Toronto on February 9, 2004.

Ven Côté, founder and President and CEO of ZCL says, “We believe the strength of the team determines the success of the business. That said, we’re very proud to have one of the strongest teams in Canada! Recognition in the form of this prestigious award is shared with and celebrated by the whole of our organization.”

ZCL is committed both to the development of safe environmental solutions and to the development, growth and success of its personnel. “Passion for change management, innovation in applying best business practices and the ability to motivate employees were three common business characteristics that distinguished ZCL Composites,” said Tony Grnak, partner, Deloitte, a national sponsor of the 50 Best program.

The 50 Best award is unique because it distinguishes good business practice, irrespective of industry or product. “The strength of the 50 Best program is in the rigour of the qualifying process,” said James McSherry, Executive Vice-President and Managing Director, CIBC Commercial Banking.

Since its inception in 1987, ZCL’s team focus has been to provide superior quality, environmentally safe liquid storage solutions. The Company developed Canada’s first double wall fiberglass tank and continues to innovate with expanding product lines for many applications. ZCL remains committed to quality products, continually raising the standards for economical, environmentally safe and long lasting liquid storage technology.

An un-matched warranty, proven quality and reliability have made ZCL “the preferred choice” in many market sectors.

About Canada’s 50 Best Managed Companies (www.canadas50best.com)

Canada’s 50 Best Managed Companies (50 Best) is a national awards program that recognizes the 50 Best businesses from a wide range of industries that have implemented world-class best business practices. The program, established in 1993 and entering its 11th year, annually recognizes 50 well-managed Canadian companies that must complete an extensive and in-depth interview process to asses and examine its management practices.

This national awards program is sponsored by Deloitte, CIBC Commercial Banking, Queens School of Business and National Post.

Information about Canada’s 50 Best Managed Companies 2003 is available online at www.canadas50best.com.

ZCL Composites Inc. trades on the Toronto Stock Exchange under the symbol “ZCL” and is Canada’s largest manufacturer of fiberglass underground storage tanks.

For further information, please contact:

Venence G. Côté
President & CEO
ZCL Composites Inc.
(780) 466-6648
ven.cote@zcl.com
Tony G. Barlott
VP Finance & CFO
ZCL Composites Inc.
(780) 466-6648
tony.barlott@zcl.com

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