CPVC Financial Increases Assets Under Administration

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DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE
SECURITIES DESCRIBED HEREIN.


CPVC Financial Corporation ("CPVC Financial" or the "Corporation") (TSX
VENTURE:LHB) today announced that it has closed its previously announced
acquisition (the "Acquisition") of the issued and outstanding shares (the "GP I
Shares") of CPVC General Partner LP I Inc. ("GP I") for a purchase price of
$1,010,000 which was paid in the form of secured non-convertible debentures of
CPVC Financial.


GP I owns all of the issued and outstanding shares of FIER CPVC Montreal
Management Inc. ("Gestion FIER"), the general partner of FIER CPVC Montreal L.P.
("FIER CPVC"), an investment limited partnership located in Montreal, Quebec
that has a term ending in December 2015. As at December 31, 2007, FIER CPVC had
assets of $19 million consisting mainly of subordinated loans to small and
medium size businesses located in the Province of Quebec.


Under the terms of the partnership agreement of FIER CPVC, the Corporation is
entitled to annual administrative fees equal to the difference between its
yearly expenses and 2% of the maximum capital contributions committed to by the
limited partners of FIER CPVC of $15 million ($300,000 per annum).


The purpose of the Acquisition is that it is consistent with CPVC Financial's
evolving business model. To date, CPVC Financial has used its own capital to
make investments. In the future, it is expected that the majority of investments
made by CPVC Financial will no longer be made directly by the Corporation, but
will rather be made by investment limited partnerships managed by CPVC
Financial. The Acquisition is consistent with this objective. This approach is
designed to allow CPVC Financial to increase assets under management without
dilution to its shareholders, while maximizing the Corporation's cash flows and
their predictability over the long term which will ultimately allow the
Corporation to maximize distributions to its shareholders.


The Acquisition was a non-arm's length transaction as Alain Lambert and William
L. Hess, directors, officers and principal shareholders of CPVC Financial, as
well as Robert E. Brown, a principal shareholder of CPVC Financial, are also
Vendors.

Cpvc Financial Corp (TSXV:LHB)
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