August 31, 2004 Decisions and Freeze and cease trade orders Securities

Montréal – On August 30, 2004 and at the request of the Agence nationale d’encadrement du secteur financier (also known as the “Autorité des marchés financiers” or “AMF”), the Bureau de décision et de révision en valeurs mobilières (“BDRVM”) extended for 90 days the initial freeze order issued against Enviromondial on December 9, 2003 by the Commission des valeurs mobilières du Québec (la “Commission”).

These conservatory measures are intended to ensure that investors are protected while the AMF pursues its investigation.

On December 9, 2003, the Commission had issued a freeze order on an amount totalling $69,500. The BDRVM renewed the order on March 4, 2004 and May 26, 2004. The funds are frozen in the trust account of M^e Alain Houle, the company’s lawyer. He may not dispose of the funds without BDRVM’s consent.

To read the BDRVM decision, please consult the appendix to the press release posted on the AMF website, under Media Centre/The Autorité’s Latest Press Releases.

Created under the Act respecting the Agence nationale d'encadrement du secteur financier, the Bureau de décision et de révision en valeurs mobilières (BDRVM) is a tribunal which exercises certain powers prescribed by the Securities Act. The BDRVM is independent of the AMF.

Established on February 1, 2004, the Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec's financial sector. The AMF consists of the Commission des valeurs mobilières du Québec, the Bureau des services financiers, the Régie de l'assurance-dépôts du Québec, the Fonds d'indemnisation des services financiers and the Inspector General of Financial Institutions.

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For More Information:

Journalists only:
Philippe Roy (514) 940-2176
Issuers, dealers, advisers and representatives: (877) 525-0337, dial 9 for English, then dial 1 for industry
Consumers and investors: (877) 525-0337, dial 9 for English, then dial 2 for consumers

Additional news

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• July 5, 2010 Enviromondial - Second prison term for Stevens Demers
• January 18, 2010 Enviromondial - Stevens Demers found guilty of 64 new charges
• September 9, 2009 Enviromondial : AMF appealing sentence against Stevens Demers
• August 5, 2009 Enviromondial : Stevens Demers sentenced to
  2 1/2 years in prison and fined over $1 million
• September 29, 2008 Enviromondial Inc. - Stevens Demers guilty on all 346 charges
• September 23, 2008 Enviromondial - Provisional administrator appointed
• May 6, 2008 Enviromondial - AMF launches penal proceedings against Nathaly Demers
• February 27, 2008 Enviromondial Inc. - AMF asking for additional prison term - 64 new charges against Stevens Demers
• October 18, 2007 Enviromondial - Appeal of Stevens Demers dismissed may not act as director or officer
• October 1^st, 2007 Enviromondial inc. - BDRVM dismisses objections to cease trade orders
• August 30, 2007 Enviromondial - Further prison term sought against Stevens Demers
• June 21, 2007 Appeal by Stevens Demers dismissed
• March 5, 2007 Enviromondial - AMF files 162 charges against Stevens Demers / Seeking $1.2 million fine and prison term
• December 18, 2006 Freeze against Enviromondial lifted
• September 18, 2006 Renewal of freeze order against Enviromondial
• June 28, 2006 Renewal of freeze order against Enviromondial
• April 10, 2006 Renewal of freeze order against Enviromondial - Partial Lifting for Benefit of Shareholder
• January 11, 2006 Renewal of Freeze Order Against Enviromondial
• October 26, 2005 Freeze order against Enviromondial extended
• July 28, 2005 Freeze order against Enviromondial extended
• May 9, 2005 Freeze order against Enviromondial extended
• February 24, 2005 Court confirms legality of freeze order against Enviromondial
• December 15, 2004 Stevens Demers found guilty
• November 26, 2004 BDRVM Extends Freeze Order Against Enviromondial
• June 25, 2004 Prohibition from acting as a director sought against Stevens Demers
• May 20, 2004 Stevens Demers pleads guilty to 33 counts
• April 23, 2004 The Autorité des marchés financiers puts an end to a contempt proceeding in the enviromondial file
• March 10, 2004 The Bureau de décision et de révision en valeurs mobilières extends the freeze order against Enviromondial
• March 9, 2004 Special rule ordering six people to appear to answer a contempt of court charge in the Enviromondial matter