News Release of The Howard Group's Client

09:30 EST Wednesday, February 11, 2009

BURNABY, BC, Feb. 11 /CNW/ - International Water-Guard Industries Inc. today announced the financial results for the first quarter fiscal 2009 ended December 31, 2008 .

The Company reported sales of $1,214,916 compared to $854,384 for the same quarter of the previous year, representing a 42% increase. First quarter net earnings were $60,120 compared to a net loss of ( $80,691 ) in the prior year's first quarter.

"As previously reported, we have strong sales and backlog for this year, notwithstanding the world financial crisis, although one cannot foresee if and when a downturn may affect the business," said David Fox , IWG's president & CEO. "In management's opinion, our first quarter results have been very gratifying, and we will continue with our growth initiatives while operating with due caution in the current industry climate."

The Company has continued its strategic new product development and marketing efforts with a view to long term growth. The related expenditures reduced the Company's net income in this period, however, this was more than mitigated by increases in unit sales and the impact of the higher value of the US dollar.

The results for the quarter provide 0.2 cents net earnings per share in the current quarter compared to a net loss of 0.2 cents per share in the first quarter of the prior year on both a basic and fully diluted basis.

The full version of the Company's financial statements can be viewed at www.sedar.com and on IWG's website.

International Water-Guard is a Canadian aerospace company focusing on aircraft potable water treatment and full water system solutions. IWG has expertise in all aspects of water treatment, and has the products and know-how to provide high quality water for passengers and crew, and light weight, space saving solutions for the aircraft operator.

This news release contains certain forward looking statements that reflect the current views and/or expectations of IWG with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions, which may cause actual results to be materially different from those expressed or implied. Except as required under applicable securities legislation, IWG assumes no future obligation to update these forward looking statements.

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