TMX group

MONTREAL, Oct. 24 /CNW Telbec/ - GROUPE LAPERRIERE & VERREAULT INC.
("GL&V" or "the Company"; ticker symbols GLV.SV.A, GLV.MV.B/TSX) wishes to
inform the financial community that results for the second quarter ended
September 30, 2005 (scheduled for release on November 3, 2005) will exceed
market expectations given the execution and delivery rate of contracts
comprising the order backlog, which amounted to $315 million as at June 30,
2005 and $279 million as at September 30, 2005. As a result, second-quarter
results exceeded management's expected revenues, as well as analysts' expected
diluted earnings per share of $0.23 to $0.33, for a consensus of $0.27 diluted
per share. More specifically, GL&V's management forecasts diluted earnings per
share of $0.35 to $0.40, taking into account the write-off of deferred
financing expenses (in the amount of $2.2 million) announced by management in
August 2005.
In addition, GL&V's management advises that it is making an upward
revision to its expected annual revenues, to between $650 million and
$675 million instead of $600 million and $625 million. It should be noted that
the Company's revenues are significantly influenced by the volume of its order
backlog, which is exposed to the operating risks relating to international
business conditions having an upward or downward impact on orders, as well as
by order postponement, cancellation and execution schedule. Accordingly, the
Company's quarterly results are subject to such variations in its order
backlog and execution schedule.

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GL&V reminds investors that its financial results for the three and
six-month periods ended September 30, 2005 will be disclosed by way of
a press release in the morning of November 3, 2005.

A conference call will be held the same day, i.e., November 3, 2005,
at 2:00 p.m. (Montreal time).

Those wishing to participate in the conference call can dial
1-800-796-7558 a few minutes before the start of the call. For those
unable to participate, a taped re-broadcast will be available from
November 3, 2005, 4:00 p.m. until midnight November 10, 2005, by dialing:
1-877-289-8525; access code: 21157869(pound key). Members of the media
are invited to listen in.

THE AUDIO RECORDING OF THE CONFERENCE CALL WILL BE AVAILABLE FOR THREE
MONTHS ON GL&V'S WEBSITE AT WWW.GLV.COM .
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