Reko Announces First Quarter Results for Fiscal 2012

Reko International Group Inc. (TSX VENTURE:REK) today announced results for its
first quarter ended October 31, 2011.


Financial Highlights (complete statements follow):



                                                               Three Months 
                                                                (unaudited) 
                                                  --------------------------
                                                                            
                                                      2011             2010 
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Sales                                             $ 10,510          $ 9,685 
Net income (loss)                                      139           (1,160)
EPS basic                                             0.02            (0.18)
Working capital                                      7,264              131 
Shareholders' equity                                27,310           37,624 
Shareholders' Equity per Share                        4.25             5.86 
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Consolidated sales for the quarter ended October 31, 2011, were $10.5 million,
compared to $9.7 million in the prior year. This represents an increase of
approximately 8.5%. Reko's sales increase is tied to the recovery of the capital
equipment market.


The gross profit earned in the three months ended October 31, 2011, was $1.1
million, or 10.5% of sales, compared to a gross profit of $0.6 million, or 6.2%
of sales, in the prior year. The increase in gross profit for the quarter
relates primarily to a reduction in overhead costs as a result of the
consolidation of operations.


Selling and administrative expenses for the three months ended October 31, 2011
were $1.2 million, or 11.3% of sales, compared to $1.5 million or 15.4% of sales
in the prior year. The decrease in selling and administrative expenses in the
quarter relates primarily to changes announced as part of our business
transformation project.


Adjusted net loss for the quarter was $0.2 million, or $0.04 per share, compared
to an adjusted net loss of $1.2 million, or $0.18 per share in the prior year.
Adjusted net loss is defined as net income (loss) plus business transformation
expenses plus asset impairment charges (as a result of implementing the business
transformation project) less gain on sale of capital assets subject to the
business transformation project.


Net income for the quarter was $0.1 million or $0.02 per share, compared to a
net loss of $1.2 million, or $0.18 per share in the prior year.


"We are pleased with the return to profitability in the quarter," said Diane
Reko, Chief Executive Officer. "The implementation of our business
transformation project and the tough decisions that we made have improved our
operating results. As the capital equipment market continues to slowly recover,
Reko is working to identify and secure new business opportunities that will
position us to further improve sales and profitability levels."


Founded in 1976, Reko International Group (TSX VENTURE:REK) is a manufacturing
firm providing high precision machining of very large parts, as well as tooling
and automated solutions for the transportation, energy, automotive, aerospace
and consumer product markets, all delivered through its two production
facilities in Ontario.




REKO INTERNATIONAL GROUP INC.                                               
469 Silver Creek Industrial Drive                                           
Lakeshore, Ontario                                                          
N8N 4W2                                                                     
www.rekointl.com                                                            
                                                                            
SUBSIDIARIES/DIVISIONS:                                                     
                                                                            
Canada:                                                                     
-Reko Tool and Mould (1987) Inc.                                            
     - Concorde Machine Tool                                                
- Reko Manufacturing Group Inc.                                             
                                                                            
United States:                                                              
- Reko International Sales Inc.                                             
- Reko International Holdings Inc.                                          
     - Reko Global Services, LLC