Colabor Group releases its results for the first quarter of fiscal 2010

    – Comparable sales slightly down by 3.4% (total sales down by 12.3%)
    – EBITDA margin increases to 3.05%
    – Net earnings of $0.12 per share vs. $0.08 per unit last year
    – Persisting solid cash flows and a sound balance sheet

    Boucherville, Québec, April 28, 2010 – Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”) today released its results for the first quarter of fiscal 2010 ended March 27, 2010. Results for Q1 2010 reflect the August 25, 2009 conversion of Colabor Income Fund into a corporation, while results for Q1 2009 reflect Colabor’s former corporate structure.
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    Colabor Corporate