ZCL Composites Inc - Quattro Capital and Other Conclude Share Sale

25 July 2000

ZCL Composites Inc. announced that Quattro Capital Inc and Messrs. Ven Cote, Robert Day, and Kuldip Delhon and their respective holding companies, have concluded a share sale transaction with Mr. Simon Sochatsky that has resulted in all of the shares in Quattro being sold to Mr. Simon Sochatsky. Mr. Sochatsky now beneficially owns and controls all of the issued and outstanding shares of Quattro. Quattro owns approximately 14.5% of the issued and outstanding shares of ZCL. ZCL is Canada's largest manufacturer of fiberglass underground storage tanks and the leading supplier of tanks to the retail petroleum market. ZCL markets its tanks under the "Greentank", "Prezerver" and "Protektor" trademarks and provides complete fuel, storage systems securing a $2 million insurance backed warranty against pollution.

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