GLV Inc.

The Transaction Will Close by the end of November

GLV Reduces From 90% to 75% the Minimum Acceptance Threshold for Shares to be Tendered Into its Voluntary Takeover Bid for the Shares of Christ Water Technology

Christ Water Technology’s Management and Supervisory Boards Support GLV’s Voluntary Takeover Bid

GLV Launches its Voluntary Takeover Bid to Purchase the Shares of Christ Water Technology AG

GLV Announces its Intent to Launch a Voluntary Takeover Bid to Purchase the Shares of Austria-Based Christ Water Technology AG Specializing in Industrial and Municipal Water Treatment Technologies

MONTREAL, November 17 - Management of GLV Inc.

MONTREAL - GLV Inc. ("GLV"; ticker symbols GLV.A, GLV.B / TSX) announces an amendment to the conditions of its voluntary takeover bid (the "Offer"), launched on October 13, 2009, to acquire up to 100% of the shares of Christ Water Technology AG ("CWT").

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MONTREAL - Management of GLV Inc.

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MONTREAL - (All amounts are in Canadian dollars unless otherwise indicated.) GLV Inc.

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MONTREAL, Canada - [All amounts are in Canadian dollars unless otherwise indicated.] GLV Inc.

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