GCO Files Its Default Status Report

Groupe Conseil Omnitech Inc. ("GCO") (TSX VENTURE: GCO) files its Default Status Report in compliance with CSA Staff Notice 57-301.

GCO's directors and officers are presently the object of a Management CTO prohibiting them to trade GCO securities. A request to this effect has been filed to the regulatory authorities when it became apparent that GCO would not be able to file its year end audited financial statements, subsequent quarterly unaudited financial statements and their related management report within the prescribed delays.

A press release dated January 4th, 2007 described the reasons of the delay, namely the procedures related to the filing of the notice of intent to make a proposal to creditors in accordance with the provisions of the Bankruptcy and Insolvency Act. The procedures were completed around April 25 by the issuance of 195,455,237 common shares of GCO to its creditors. The total of outstanding common shares of GCO is now 253,234,612. The proposals to the creditors offered the payment of 100% of the value of creditors' claims in common shares of GCO at a price per share of $0.05. Finally, on July 16, PricewaterhouseCoopers Inc. filed with the courts a Certificate of Full Performance of Proposal.

The drafting process of the audited financial statements for the period ended August 31st, 2006 is at its final stages. As soon as the auditors' quality control procedure is completed, the financial statements will be filed, probably during the next two weeks.

In accordance with CSA Staff Notice 57-301, GCO confirms that except as described herein: (i) there is no material change in the information contained in the Notice of Default; (ii) there is no failure of GCO to fulfill the intentions stated in its Notice of Default or any Default Status Report; and (iii) there is no other material information concerning the affairs of GCO that has not been generally disclosed.

About Omnitech Consultant Group Inc. ("GCO")

GCO is a Canadian leader in performance engineering. GCO offers solutions as a one-stop-shop in engineering, information technology and systems maintenance. GCO is capable of intervening in all aspects of industrial engineering and information technology, thus combining a major and distinctive niche compared with the competition. GCO integrates new technologies or optimizes existing systems by applying cutting-edge expertise currently used in the best practices.

TSX Venture Exchange Inc. assumes no responsibility regarding the relevance or accuracy of this press release.

Omnitech Consultant Group Inc.
Philippe Collard
Chief Executive Officer

Omnitech Consultant Group Inc.
Philippe R. Bertrand
Vice-president, Corporate Affairs

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