Paterson GlobalFoods Inc. is pleased to announce that it has been named as one of Canada’s 50 Best Managed Companies for the fourth consecutive year. This national award is sponsored by Deloitte, CIBC Commercial Banking, National Post and Queen’s School of Business.

Paterson GlobalFoods won this award for the first time in 2004. Since 2004, Paterson GlobalFoods has continued its strategy to build on its core grain handling business and expand its presence in value-added agriculture and food products. This award is a symbol of Paterson’s corporate success, focus on core values and its service to its customers. Its reputation for service and innovation was built through Paterson’s success working with Canadian farmers to produce and ship the best quality agricultural commodities to customers and consumers world-wide. Through forward vision and our desire to find more attractive markets for Canadian grain producers, Paterson GlobalFoods has established itself as a leader in areas such as organic grain production and identity preserved grain production.

As Paterson’s celebrates its 100th anniversary in business in 2008, it is pleased to add this prestigious award to its achievements during the past 100 years.

With locations in Canada and Australia, Paterson GlobalFoods is involved in grain handling and crop inputs, flour milling, feed production, grain transportation, and global commodity trading.

About Canada’s Best Managed Companies

Celebrating its 15th anniversary, Canada’s 50 Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $10 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices.

The awards are granted on three levels: 1) Best Managed winner (one of the 50 new winners selected each year); 2) Requalified member (repeat winners retain the Best Managed designation for two additional years, subject to annual operational and financial review); 3) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years). Program sponsors are Deloitte, CIBC Commercial Banking, National Post, and Queen’s School of Business. For further information, visit www.canadas50best.com.