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Thermwood

ZCL Composites Inc. Accepts Equity Proposal

09 August 2002

ZCL Composites has accepted a financing proposal from ARC Financial Corporation.

""This financing sets the stage for ZCL to move to the next level. It is an important step to implement our growth strategy and provides the funds we need to repay our debenture which is due on November 30, 2002,"" says Ven Côté, President & CEO of ZCL. ""ARC is the type of partner that understands our industry and our business and shares our vision for the Company.""






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