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Corrpro Enters into US$29M Senior Secured Asset-Based Credit Facilities

CLIENT

Bank of America, N.A.

DATE

April 10, 2008

On April 10, 2008, Corrpro Companies Inc. and certain of its Canadian and U.S. affiliates, a group of leading consulting engineering companies providing total corrosion services to the oil and gas, petrochemical, municipal and marine markets, entered into U.S.$29,000,000 senior secured Canadian and U.S. asset based credit facilities with Bank of America, N.A.

Bank of America, N.A. was represented in Canada by Ogilvy Renault LLP with a team consisting of Kevin Morley, David Amato, Pierre Crichton and Aditya Rebbapragada.

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