September 4, 2002

News Release: The Addition of Ace Hardware Adds Significant Exposure

Cryopak Industries Inc. (OTCBB: CYPKF) (TSX Venture: CII) today announced a significant expansion of its U.S. retail business following the delivery of initial orders of the Flexible Ice(TM) Blanket to Ace Hardware, one of the largest home supply retailers in North America.

Ace placed orders for three package sizes of the Flexible Ice(TM) Blanket, including the 'Retail', 'Convenience' and 'Mini' Pak. Each initial order has been shipped into Ace's 11 main distribution centres. The Flexible Ice(TM) Blanket was test-marketed at several Ace locations last year, and showed strong results even during winter months. This further confirms studies commissioned by Cryopak that indicate consumers view the Flexible Ice(TM) Blanket as an ideal product for year-round household cooling applications.

"The addition of Ace to our list of retail clients such as Costco, Kmart, Linens 'N Things and BJ's is another indication that U.S. retailers are increasingly recognizing the sales potential of the Flexible Ice(TM) Blanket." remarked John Morgan, President and CEO of Cryopak. "Also, it clearly shows that our patented cooling solution fills a void in the consumer marketplace, just as it does for our industrial customers."

About Ace Hardware:

Founded in 1924, Ace Hardware Corporation, headquartered in Oak Brook, Ill., is a cooperative wholly owned by its 5,100 independent hardware, home center, lumber and building materials retailers. Annual retail sales in 2000 exceeded $13 billion. Ace currently has stores located in all 50 states and in 68 countries. More information on Ace can be found at www.acehardware.com.

About Cryopak:

Cryopak Industries Inc. (OTCBB: CYPKF) (TSX Venture: CII) develops, manufactures and markets quality temperature-controlling products such as the patented Cryopak Flexible Ice(TM) Blanket, flexible hot and cold compresses, gel packs, and instant hot and cold packs. The products are used during transport to ensure critical temperature maintenance for pharmaceuticals, blood, airline food and beverages, seafood and all other perishable items. Cryopak's products are also used for first aid, medical and physiotherapy treatments, and, through retail distribution, for daily all-purpose chilling applications.

With almost 10 years of experience in research and development, we also offer expert testing and consulting services to help companies optimize their cold-chain management programs. For more information about Cryopak Industries Inc. or its products, visit www.cryopak.com.

Cryopak Industries Inc.
Adam Rabiner
Communications Director
(604) 685-3616 or Toll Free: 1-800-735-8922
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Website: www.cryopak.com
or
J. Pollack & Company
Investor Relations
(561) 731-2215 or 1-888-733-0466

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