Sigma (OH) Industries Inc, a subsidiary of Sigma Industries Inc. (TSX
VENTURE:SVX), in its restructuring effort, initiated a collection action against
CNH America LLC ("Case New Holland") in the sum of US$ 351,691.81 on February 9
2009 for failing to respect its obligations undertaken in a termination
agreement providing for the orderly termination of a supply agreement entered
into on August 9, 2008. 


On February 25, 2009, Case New Holland counterclaimed against Sigma (OH)
Industries Inc., Sigma US Industries Inc., Sigma Ventures Inc. (today, Sigma
Industries Inc.), Transcam Composites Inc., and Rene Composites Materials Inc.
(collectively "Sigma Group") claiming damages of US$ 786,043.83. As a result of
the petition in bankruptcy court filed on December 1, 2009, the counterclaim by
Case New Holland against Sigma (OH) Industries Inc. is currently stayed. 


On February 9, 2010, Case New Holland amended its counterclaim and is now
claiming damages of US$ 4,179,010.33 against the Sigma Group. Sigma considers
the claims by Case New Holland as being frivolous and exaggerated.


Since the amended counterclaim was filed, Sigma Industries and Sigma OH
Industries Inc. have attempted through various means to stay or end this
frivolous litigation, but to no avail. In light of the failures to stay or
terminate this litigation, Sigma Industries has determined that this litigation
has become a disclosable event.


The Sigma Group intends to vigorously defend itself against the claims contained
in the counterclaim and the amended counterclaim and will issue further press
releases as this litigation advances. 


ABOUT SIGMA INDUSTRIES

Sigma Ventures Inc. (TSX-V: SVX), a leading composite and metal products
manufacturer, has five operating subsidiaries and employs 350 people. The
Company is active in the growing heavy-duty truck, coach, transit and bus, train
and subway, machinery, agriculture, light forestry, and wind energy market
segments. Sigma sells its products to original equipment manufacturers and
distributors in the United States, Canada and Europe. 


The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.


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