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IGE

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Share Name Share Symbol Market Type
TSXV:IGE TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Innovente Announces Temporary Layoffs

25/06/2014 8:37pm

Marketwired Canada


Innovente Inc. (TSX VENTURE:IGE) ("Innovente" or the "Corporation") announces
the temporary layoff of its employees working in the operations of the
Saint-Patrice-de-Beaurivage plant. The interruption of operations at the
Saint-Patrice-de-Beaurivage plant is effective immediately for an indefinite
period. In addition, Innovente will proceed in the coming days with the
temporary layoff of part of its headquarters' employees.


This decision is consistent with cost-cutting measures undertaken by the
Corporation, in order to implement solutions that will allow it to recover an
adequate level of liquidity and to continue its operations.


Innovente is regretful of the impact of these measures on its employees, but
believes they are essential in the current context and in the best interest of
the Corporation.


About Innovente

Based in Quebec City, Innovente produces renewable energy by providing
communities with a green and sustainable solution for the management of residual
organic matter with its patented technology. Innovente stock is listed on the
TSX Venture Exchange under the ticker symbol IGE (TSX VENTURE:IGE).
www.innovente.ca


Disclaimer regarding forward-looking statements

Certain statements included herein may constitute "forward-looking statements"
within the meaning of applicable securities laws. Forward-looking statements are
necessarily based on a number of estimates and assumptions that, while
considered reasonable by management when they are made, are inherently subject
to significant business, economic, and competitive uncertainties and
contingencies. Investors are cautioned not to place undue reliance on
forward-looking statements. The Corporation disclaims any intent or obligation
to update publicly these forward-looking statements, whether as a result of new
information, future events or other development unless required by applicable
law.


Neither TSX Venture Exchange nor its Regulation Services Provider (as these
terms are defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Source:
Innovente


For information:
Richard Painchaud
President and Chief Executive Officer
Innovente
418 692-1011
rpainchaud@innovente.ca

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