MONTREAL, Aug. 31 /CNW Telbec/ - BMTC Group Inc. announces its intention to renew its programs to acquire Class A Subordinate Voting Shares listed on the Toronto Stock Exchange and Class B Multiple Voting Shares, which are not listed on the Toronto Stock Exchange, for the period between September 6, 2006 and September 5, 2007 at the latest, subject to regulatory approval. BMTC Group Inc.'s previous programs will expire on September 5, 2006. Pursuant to its renewed programs, BMTC Group Inc. intends to acquire, through the facilities of the Toronto Stock Exchange, up to 10% of the public float of its Class A Subordinate Voting Shares representing 1,689,578 of such shares as of August 31, 2006, and to acquire up to 5% (less one share) of its Class B Multiple Voting Shares representing 622,227 of such shares as of August 31, 2006. The Class A Subordinate Voting Shares and the Class B Multiple Voting Shares acquired pursuant to these programs will be cancelled. As of August 31, 2006, there were 21,118,747 Class A Subordinate Voting Shares and 12,444,553 Class B Multiple Voting Shares issued and outstanding. Class A Subordinate Voting Shares and Class B Multiple Voting Shares may be acquired at the market price at the time of the acquisition. BMTC Group Inc. considers that the acquisition of such Class A Subordinate Voting Shares and Class B Multiple Voting Shares, that it may effect from time to time in the course of this Bid, is a sound use of its funds. BMTC Group Inc. acquired for cancellation between September 6, 2005 and August 31, 2006, a total of 1,241,440 Class A Subordinate Voting Shares with respect to which the average price paid was $18.36 per share, and 88,760 Class B Multiple Voting Shares with respect to which the average price paid was $16.53 per share. BMTC Group Inc., which Class A Subordinate Voting Shares are listed on the Toronto Stock Exchange, is an important retailer of furniture, electronic goods and household appliances in the Montreal, Quebec City, Laval, Ste-Foy, Sherbrooke, Trois-RiviGeres, Rimouski, St-Georges, RiviGere-du-Loup, Chicoutimi, and Gatineau regions through its affiliates Brault & Martineau Inc. and Ameublements Tanguay.