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Adapting to an Evolving Environment

Saint-Hyacinthe, April 27, 2011 – In 2010, because of the strength of its proving program, CIAQ has experienced two historic proof rounds in which many elite sires caught breeders' attention. This remarkable success is mostly due to Goldwyn with the return into service of his first proven sons, although many other sires contributed to such a bumper crop. As mentioned by CIAQ General Manager Normand Renaud during the 2010 Annual Report presentation: "Our company had a financial year in two phases, with a satisfying first half which was on budget and an exceptional second half. Semen dose sales increased by 13% to reach $23.35 million, which translated into operating income, prior to investment income and incentives paid to clients representing $1.9 million and a $1.35 million increase. Also, thanks to the Semex Alliance outstanding period, CIAQ's $339,000 net loss has converted into a profit of $2.9 million. CIAQ’s success in its own market prompted directors to grant breeders a 5% incentive on their semen purchases, totaling over $1.1 million in credits paid."

This strong performance demonstrates once again the predominant status of the product in the marketing process. The CIAQ management team's objective is to innovate in its processes and to submit its business model to a thorough analysis.

Serge Blanchette, Chairman of CIAQ's Board of Directors, adds: "In 2010, applied genomics and perfected dairy production triggered some changes in the Canadian artificial insemination industry, which in concrete terms will have repercussions on the Semex Alliance in 2011, with the closure of Westgen's stud barns and the merger between Gencor and Eastern Breeders Inc. CIAQ’s Board of Directors has held several strategic planning meetings with the management team to discuss the conduct of business for the years to come, in an ever-evolving environment that forces us to bring some changes right now in order to make the company sustainable. Adapting to change is essential to any business's survival and that is why CIAQ will always keep adapting itself to remain the leader in AI."

Normand Renaud concludes: "In 2010, we met several challenges and we will meet many more in the months and years to come. As always since CIAQ's foundation, our industry is evolving, and I know I can count on our directors' cooperation to develop a vision that will allow us to adapt ourselves more quickly. We can all be proud of our work and results throughout last year."

 

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A New Chairman of the Board of Directors

In his speech, Mr. Serge Blanchette announced he completed his one-year term as Chairman of the Board of Directors. He thanked his fellow directors, the management team and especially CIAQ employees, who work every day tirelessly and in a very professional way to ensure the success of the company. Earlier on the same day the 2010 CIAQ annual report was presented, the members of the Board of Directors entrusted the presidency to Mr. Léonard Chabot. Established in Saint-Patrice-de-Beaurivage, he co-owns with his son René a Brown Swiss herd, of which he is most proud. Deeply involved in breed activities and former Chairman of CQRL, Mr. Chabot was more recently appointed Vice-Chairman of Quebec Brown Swiss Club. He will be assisted by Guy Lavoie as 1st Vice-President and Daniel Côté as 2nd Vice-President.

THE Three new members of the board of directors

   
 
 
 
 Martin Grégoire
CQRL

  Rémi Pelletier
CP CAB
  Gilles Gauthier
External member

Directors of Centre d'insémination artificielle du Québec (CIAQ) 2011-2012

Conseil québécois des races laitières inc. (CQRL)  
  -
Léonard Chabot (Chairman of CIAQ)     - Gary Bowers     - Martin Grégoire

Conseil provincial des CAB inc. (CPCAB)  
  - Guy Lavoie  (1st Vice-President of CIAQ)  - Rémi Pelletier      -  Alphonse Pittet

Fédération des producteurs de lait du Québec (FPLQ)     
  -
   Daniel Côté  (2nd Vice-President of CIAQ)     - Normand Barriault    - Pierre Thibault

External Members   
 -
   Gilles Gauthier     -  Orance Mainville 

For more information, please contact:
Hélène Drapeau, Assistant Director of Communications and Distribution
E-mail: drapeauh@ciaq.com

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