EDMONTON, ALBERTA--(Marketwire - April 29, 2008) - Ceapro Inc. (TSX VENTURE: CZO). The Company today released financial and operating results for the fiscal year ended December 31, 2007. Said Ceapro President and CEO, Dr Mark Redmond, “The year 2007 was driven by significant advancements in the areas of new product development, product launches, the signing of new marketing agreements as well as improvements in the manufacturing plant. Considering a product to market-cycle of one year or more, we expect that these major investments made in 2007 will have set the stage for significant organic growth in 2008. Products developed/introduced in 2007 will be distributed through new alliances with specialist marketers in the organic sector. These alliances will allow stretching beyond cosmetics and cosmeceuticals by opening markets for us in nutraceuticals. Four of these new alliances have already been created with committed partners: Laserson, KAH Speciality Products, Harris & Ford, and East Hill.” He continued, “On the corporate side, the recent turn in the Saskatchewan Claim is a cause for concern. However, until we are able to assess the judge’s ruling, we will continue business as usual, innovating, creating quality product, and driving sales.”
