SAINTE-ADÈLE, QC, May 9, 2013 /CNW Telbec/ – Joseph Abbandonato (“Mr. Abbandonato” or the “Offeror“), of 3475 Rolland Street, Sainte-Adèle, Qu bec, J8B 1E1, announces,
pursuant to Regulation 62-103 respecting the Early Warning System and Related Take-Over Bid and Insider Reporting Issues (“Regulation 62-103“) that he acquired, through a wholly-owned private corporation, Roncon
Consultants Inc., ownership of 1,000,000 common shares (each a “Common Share“) of Imaflex Inc. (“Imaflex“) at a price of $0.50 per Common Share pursuant to a non-brokered
private placement (the “private placement“) (representing 2.26 % of Imaflex’s issued and outstanding Common
Shares).

Further to the private placement, Mr. Abbandonato directly owns
10,684,810 Common Shares (representing 24.17 % of the issued and
outstanding Common Shares). Mr. Abbandonato directly and indirectly
owns, through its wholly-owned company, Roncon Consultants Inc.,
13,936,805 Common Shares (representing 31.53 % of the issued and
outstanding Common Shares) and 1,973,684 common share purchase warrants
of Imaflex (the “Offeror’s Warrants“) exercisable to acquire 1,973,684 Common Shares. Should the Offeror’s
Warrants be fully exercised, the Offeror’s holdings, both directly and
indirectly, would represent 34.46 % of the issued and outstanding
Common Shares on a partially diluted basis.

The acquisition of 1,000,000 Common Shares was carried out by way of
private placement in accordance with and in reliance on the “Accredited
Investor” exemption in section 2.3 of Regulation 45-106 respecting Prospectus and Registration Exemptions.

The securities of Imaflex are held by Mr. Abbandonato for investment
purposes. Mr. Abbandonato expects to review from time to time his
investment in Imaflex and may, depending on the market and other
conditions: (i) acquire securities or related financial instruments of
Imaflex in the open market, in privately negotiated transactions or
otherwise, and/or (ii) dispose of all or a portion of the securities or
related financial instruments of Imaflex over which he now or hereafter
exercises, or may be deemed to exercise, control or direction, or owns.

Additional information is provided in the early warning report filed on www.sedar.com by Mr. Abbandonato pursuant to Regulation 62-103.

SOURCE Imaflex Inc.