January 30, 2007 (L̩vis, PQ) РFollowing the retirement of two of the three founders who created Cycles Lambert Inc., Mrs. C̩line Lambert and Mr. Gilles Nadeau, the company is now under new ownership.

Roynat Capital is the new proprietor ensuring perpetuity of Cycles Lambert Inc. Roynat Capital is a member of the Scotiabank Group, one of Canada’s leading financial institutions. The current President, Mr. Doris Roy, will remain with Cycles Lambert Inc. to ensure continuity in the development of the company. “We’ve invested 25 years of our lives to make the company what it is today. We currently find ourselves at a point in our evolution where we require support to pursue our growth. Roynat Capital has the necessary resources to ensure Cycles Lambert can seize the exciting business opportunities that lie ahead,” states Mr. Roy. Mr. Michel Ruest, Director at Roynat Capital adds, “We are very impressed with the company’s performance and the quality of its management team.

With this strategic investment, Roynat Capital intends to sustain Cycles Lambert Inc.’s natural progression, which has unfolded over the past 60 years. As such, the management team and the company’s vision will remain intact and Mr. Doris Roy will continue to be an essential partner in the continued success of the business.” “This announcement does not affect in any way the regular activities of the company. Our goal is to continue in the pursuit of excellence and uphold a superior level of quality in service; a level on which Cycles Lambert Inc. has built its insurmountable reputation,” declares Mr. Sylvain Caya, General Manager for Cycles Lambert Inc.

Cycles Lambert Inc. distributes in excess of 15,000 bike parts and accessories to more than 1,500 retailers across Canada. The company is run from its modern installation located in Lévis, PQ and employs 100 people. Roynat Capital is a member of the Scotiabank Group and is Canada’s leading merchant bank specializing in innovative long-term capital and business solutions for mid-sized companies.