MAAX Holdings, Inc. ("Holdings"), a leading North American manufacturer of quality bathroom and spa products, announced today that MAAX Corporation (the "Company"), a subsidiary of Holdings, has not made its interest payment on its outstanding 9.75% senior subordinated notes (the "Notes") due 2012. The Senior Subordinated Notes Indenture (the "Indenture") under which the Notes were issued, provides a thirty day grace period, which began on December 15, 2007, before such failure to pay interest constitutes an Event of Default under the Indenture. The Company is currently engaged in constructive discussions with its stakeholders regarding strategic alternatives to improve its capital structure and increase liquidity for general corporate purposes. We have determined it is in our best interests to use the thirty day grace period provided in the Indenture to continue these discussions and evaluate whether the Company will make its interest payment under the Notes during such period.

In addition, while it is not known with certainty at this time, it is likely that the Company is in breach of the minimum consolidated adjusted EBITDA covenant set forth in the Company's Credit and Guaranty Agreement (the "Credit Agreement") by a small margin. Such covenant requires that the Company's consolidated adjusted EBITDA as of November 30, 2007 for the 12-month period then ended be not less than $33,000,000. If it is determined that the Company is in breach of this covenant, an Event of Default will have occurred under the Credit Agreement which, if not waived, could lead to an acceleration of payment demand by the Company's senior creditor. At this time, the Company's senior creditor has not granted such a waiver.

About MAAX

MAAX is a leading North American manufacturer of award-winning bathroom products and spas for the residential housing market. The corporation is committed to offering its customers an enjoyable experience: distinctive, stylish and innovative products and the best customer service practices in the industry. MAAX offerings are available through plumbing wholesalers, bath and spa specialty boutiques and home improvement centers.

The corporation currently operates 18 manufacturing facilities and independent distribution centers throughout North America and Europe. MAAX Corporation is a subsidiary of Beauceland Corporation, a wholly owned subsidiary of MAAX Holdings, Inc.