Toronto, May 4, 2005 – Hunjan International Inc., Hunjan Moulded Products Ltd., Hunjan Tools & Mould Ltd. and Hunjan Holdings Ltd. (the “Hunjan Group”) today received a stay Order from the Ontario Superior Court of Justice under the Companies’ Creditors Arrangement Act (“CCAA”).  Deloitte & Touche Inc. (the “Monitor”) is the Court appointed monitor under the CCAA.

The Order provides for a Stay Period starting from the May 4, 2005 date of the Order, during which time all creditor claims (e.g. accounts payable) and any proceedings against the Company are frozen and suspended. During the Stay Period, creditors are restrained from asserting, enforcing or exercising any right, including the right of set-off, against the Company or its property.

It is the intention of the Hunjan Group to carry on business during the Stay Period and to honour all future obligations on a current basis.

The Hunjan Group’s United States subsidiaries have not made any filings for protection and will continue to carry on business in the ordinary course.

Making claims
Creditors are not required to file a proof of claim at this time.

A proof of claim will be mailed to each creditor with a copy of the plan once the Hunjan Group and the Monitor have finalized it.

A copy of the proof of claim form will be posted on this site when the plan has been provided to the creditors.

Additional information
If you wish to be contacted directly, please provide us with the following information:

• Name and company that you represent
• Your contact details
• The nature of your claim
• The questions that you would like answered

Please send your information to hunjan@deloitte.ca or alternatively call 1-866-783-0737.

We will try our best to respond to your enquiry within a 48-hour period during regular business hours. However, due to volume, this response time may be longer.

Media inquiries should be directed to Jacqui d'Eon, Chief Communications Officer, Deloitte, (416) 874-3670.

Court documents:
Application motion - May 3, 2005
Initial order - May 4, 2005
Order - May 16, 2005
Order - June 3, 2005
Order - June 30, 2005
Order - July 11, 2005
Order - July 18, 2005

Monitors reports:
First Monitor's report - May 14, 2005
Appendix to first Monitor's report - May 14, 2005
Second Monitor's report - June 1, 2005
Third Monitor's report - June 28, 2005
Fourth Monitor's report - July 7, 2005
Fifth Monitor's report - July 17, 2005