Christ Water Technology's Management and Supervisory Boards Support GLV's Voluntary Takeover Bid

Montreal (ots/PRNewswire) - Management of GLV Inc.
("GLV"; ticker symbols GLV.A, GLV.B / TSX) is pleased to announce
that the Management and Supervisory Boards of Christ Water Technology
AG ("CWT"; ticker symbol CWT / Vienna Stock Exchange) have issued a
statement recommending that CWT's shareholders accept GLV's voluntary
takeover bid (the "Offer"), effective since October 13, to purchase
up to 100% of CWT shares for a cash consideration of EUR3.35 per
share. As indicated in their statement, the Management and
Supervisory Boards of CWT are of the opinion that the offered price
is appropriate and fair and that the Offer fairly takes into
consideration the interests of the shareholders, employees, and
creditors, as well as the public interest.

The completion of the Offer is subject to having a minimum of 90%
of CWT's shares tendered into the Offer, and to certain other
conditions. GLV's management aims to close the transaction in
November 2009.

The support statement issued by CWT's Management and Supervisory
Boards and the Offer document are available on the homepage of GLV's
website (http://www.glv.com).

About GLV Inc.

GLV is a leading global provider of technological solutions used
in water treatment, recycling and purification, as well as in pulp
and paper production. The Water Treatment Group (also known worldwide
as "Eimco Water Technologies") specializes in the design and
international marketing of solutions and high-performance, economical
and eco-friendly processes for the treatment and recycling of
municipal and industrial wastewater and water used in various
industrial processes. It also offers water intake screening solutions
for power stations, refineries and desalination plants. With its
extensive technological portfolio, the group is positioned to provide
comprehensive solutions for the filtration, clarification, treatment
and purification of water that will either be returned into the
environment, or be re-used in various industrial processes or for
domestic purposes. The Pulp and Paper Group specializes in the design
and global marketing of equipment and systems used in various stages
of pulp and paper production, notably chemical pulping, pulp
preparation and sheet formation and finishing. This group ranks among
the foremost players in its industry and is a recognized leader in
rebuilding, upgrading and optimization services for existing
equipment, as well as the sale of spare parts. It also stands apart
for the superior performance of several of its key products and
technologies, notably in terms of energy savings. GLV is present in
some 30 countries and has approximately 1,500 employees.

For information:
Marc Barbeau, CA
Executive Vice-President and Chief Financial Officer
Tel: +1-514-284-2224
Email: courrier@glv.com
http://www.glv.com

ots Originaltext: GLV Inc.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For information: Marc Barbeau, CA, Executive Vice-President and Chief
Financial Officer, Tel: +1-514-284-2224, Email: courrier@glv.com