March 10, 2008 ColorMatrix Corporation selected by Igloo for prestigious Partner in Excellence Award.

ColorMatrix has been selected as a "Partner for Excellence" for 2007 by Igloo, the US's largest brand in coolers. In 2005 Igloo, introduced its Partners in Excellence Award program to reward and recognize its very best suppliers. An elite few organisations are selected each year based on their outstanding performance, quality, cost control and overall customer service as rated by its supply chain organization.

ColorMatrix were selected amongst many other Igloo suppliers, in particular for their excellence in responding to special requests and for being proactive in managing efficiency and effectiveness of color usage.

As further testament to ColorMatrix's rigorous business processes and Igloo's stringent selection criteria, the company was in fact the only supplier to be awarded the Igloo Partner for Excellence award for 2007. Other key reasons sited by Igloo on why ColorMatrix were selected included:

• Their regular visits to Igloo's plants by their technicians who work closely with Igloos manufacturing engineers and quality department to insure maximum efficiency and effectiveness of color usage

• Sending status reports and suggestions on issues found in manufacturing that affected performance of their machines to all concerned

• Always being responsive to new orders and order revisions

• Maintaining an average of 99% on-time deliveries

• Controlling cost and effectively supporting the consignment program

A special award is to be presented to ColorMatrix honouring the company's outstanding contributions and commitment.