CVTech Group Inc. reports on shareholders' voting results for the election of directors

DRUMMONDVILLE, QC, July 24, 2014 /CNW Telbec/ - CVTech Group Inc. ("CVTech" or "the Corporation") (TSX: CVT) held its Annual and Special Meeting of shareholders on July 23, 2014. All candidates proposed as directors were duly elected to the Board of Directors of the Corporation by a majority of the votes cast by shareholders present or represented by proxy at the Meeting as follows:

	For				Withheld
Name	Number		%		Number		%
Serge Chiasson	30,512,065		73.17%		11,186,250		26.83%
Yves Filion	30,602,038		73.39%		11,096,277		26.61%
Pierre L. Gauthier	30,591,938		73.36%		11,106,377		26.64%
Jacques Joly	24,431,188		58.59%		17,267,127		41.41%
Luc Reny	30,372,049		72.84%		11,326,266		27.16%
Jean Rochette	24,467,949		58.68%		17,230,366		41.32%

Shareholders present or represented by proxy at the Meeting also voted in favour of:

• An ordinary resolution to approve the partial replenishment of the number of common shares reserved under the amended and restated stock option plan of the Corporation by a number of shares corresponding to the number of common shares that have been issued following the exercise of stock options up to a maximum equal to 10% of the 71,533,141 issued and outstanding common shares of the Corporation as of June 19, 2014.
• A special resolution authorizing the Board of Directors of the Corporation to file articles of amendment of the articles of the Corporation in order to change the name of the Corporation for "NAPEC Inc.".
• A special resolution authorizing the Board of Directors of the Corporation to file articles of amendment of the articles of the Corporation in order to allow the directors of the Corporation to appoint one or more additional directors, who shall hold office for a term expiring not later than the close of the next Annual Meeting of shareholders, but the total number of directors so appointed may not exceed one third of the number of directors elected at the previous Annual Meeting of shareholders.

OVERVIEW OF THE CORPORATION
CVTech is a company operating in the energy sector. The Corporation is a leading provider of construction and maintenance services to the public utility and heavy industrial markets mainly in Quebec, Ontario and the eastern United States. Through its subsidiaries, the Corporation provides maintenance and construction services for electricity transmission and distribution networks, substations and electrical power houses, as well as the control of vegetation on rights-of-way for electrical lines.

FORWARD-LOOKING STATEMENTS
This document may contain forward-looking statements that reflect management's current expectations regarding future events. Forward-looking statements are based on a number of factors and include risks and uncertainties. Actual results may differ from forecast results. Management assumes no obligation beyond what is required under the law to update or revise forward-looking statements pursuant to new information or future events.

Further information regarding CVTech is available in the SEDAR database (www.sedar.com) and on the Corporation's website at www.cvtech.ca.

SOURCE: CVTECH GROUP INC.

Jacques Joly, CPA, CA, ASC 
Chairman of the Board of Directors 
and Interim President and CEO
819-479-7771 
[email protected] 

Mario Trahan, CPA, CMA 
Chief Financial Officer 
819-479-7771 
[email protected]

MaisonBrison Communications
Martin Goulet, CFA
514-731-0000
[email protected]