Concert Doubles Sales And Gross Profits.

Business Editors

VANCOUVER, B.C.--(BUSINESS WIRE)--April 27, 2000

(TSE:CNG.)

International Air-laid Manufacturer Concert Industries Ltd.

("Concert") Records Strong First Quarter 2000 as It Continues to

Expand

Concert announces results for the first quarter ended March 31, 2000 as follows:

      * Consolidated sales and gross profits were $18.72 million and
$5.64 million respectively, up from $9.09 million and $2.43 million in
the comparable period for 1999.
      * Consolidated net income for the first quarter ending March 31,
2000, increased to $1.59 million ($0.11 basic earnings per share,
$0.07 fully diluted earnings per share) from $597,157 ($0.07 basic
earnings per share and $0.04 fully diluted earnings per share) in the
first quarter of 1999.
      * Consolidated cash flow from operations was $3.4 million in the
first quarter of 2000, up from $1.1 million in the same period of
1999.

Concert invested in fixed assets for a total of $11,327,428 for the three months ended March 31, 2000, compared to $14,817,362 for the same quarter in 1999. The bulk of these funds, $8.6 million, were directed toward the construction of the new plant in Gatineau, Quebec with the balance expended to finalize the completion and start-up of the second line in Falkenhagen, Germany.

In commenting on these results, Dieter Peter, Concert's Chairman and CEO states, "We are very pleased with the results recorded during the first quarter of 2000. These results reflect the continued increase in product demand that has prompted Concert to expand its production facilities while continuing to focus on product development and customer service.

Our newest production line in Falkenhagen was completed on time and within the projected budget of $61 million, during the last quarter of 1999 and successfully commissioned in the first quarter 2000. Concert's Falkenhagen plant currently represents the world's largest and most sophisticated air-laid production facility. Given the increased demand in Europe for Concert's products, the plant's production start-up curve is exceeding management's expectations.

Construction on Concert's new facility in Gatineau has continued on time and on budget during the last quarter. The $127.5 million project includes the construction of a 270,000 square foot building which will house two new 2.7 metre wide air-laid lines. The start-up of this project which is expected in the second quarter next year will more than double Concert's global rated capacity to 73,000 tonnes."

Concert Industries Ltd. is an international, technology-based company specializing in the development and manufacture of thermal and multi-bonded air-laid fabrics. Concert's products are key components in a wide range of personal care consumer products including feminine hygiene and adult incontinence products. Other applications include pre-moistened baby wipes, disposable medical and filtration applications and tabletop products.

For more information there will be a teleconference call held on April 28, 2000 at 8:00 am Vancouver time. The dial in number is 888/740-0194.

On behalf of the Board of Directors, Dieter Peter, Chairman and CEO