TCP Reliable Acquires Cryopak Industries Inc.

TCP Reliable Inc. (Edison, NJ) has announced the acquisition of the assets of Crypak Industries as of October 1, 2006.

Maurice Barakat, President and CEO of TCP Reliable commented, The acquisition of Cryopak adds additional quality products and services to the already established TCP line focused towards temperature controlled packaging. By combining the strong financial and engineering resources of TCP, both companies are positioned to effectively supply the pharmaceutical, industrial, and retail industries in meeting their needs in both the Canadian and U.S. marketplaces

Raj Gill, newly appointed General Manager adds, Now with the change in ownership, moving forward our business has the capital required to operate efficiently. This will allow us to provide our customers with products and services at the levels they have always expected from us. I am excited by the challenge of my new role as General Manager of this business and look forward to building on the foundation we have established.

About TCP Reliable

Founded in 1990, TCP Reliable is a complete packaging solution provider specializing in the field of temperature controlled packaging. From needs assessment to package qualification, TCP handles packaging projects with one paramount goal: Maintaining the integrity of your products. The materials and processes cover the spectrum from converting EPS or fabricating boxes to manufacturing phase change materials and temperature monitors. By performing all services under one roof, in strict conformance with ISO 9001:2000, ISTA and ASTM test methodology, and FDA good manufacturing practices, TCP gives exceptional responsiveness, consistency, and accountability.

TCP Reliables complex incorporates 70,000 square ft of state-of-the-art design, manufacturing, testing and office facilities. TCP Reliable is located in Edison, NJ and convenient to major transportation hubs amid the largest concentration of major pharmaceutical companies. These centralized resources streamline the turnaround on time sensitive projects. Visit them on the Web at www.tcpreliable.com. For more information regarding Cryopak, please visit www.cryopak.com