TransForce Completes Acquisition of Century II and ICS
MONTREAL and TORONTO, November 1, 2007 -- TransForce Income Fund (TSX: TIF.UN) and
Century II Holdings Inc.(TSX: CH) today announced the completion of the amalgamation of Century
with two subsidiaries of TransForce effective November 1, 2007.
Toronto-based Century owns structured route courier company Information Communication Services
(ICS) Inc. which services more than 35,000 accounts in the insurance, optical, financial, dental and
hearing appliance business sectors across Canada. It had revenues of approximately $90 million in 2006.
As a result of the amalgamation, Century became an indirect, wholly-owned subsidiary of
TransForce. The common shares of Century will be delisted from the Toronto Stock Exchange on or
about November 2, 2007.
Shareholders of Century received one redeemable, preferred share of the amalgamated corporation
for each common share of Century held. The redeemable preferred shares have been redeemed,
entitling shareholders to receive $10.20 in cash per such share. Century shareholders are
encouraged to send in their letter of transmittal and share certificates to receive their cash
proceeds, which are to be distributed by CIBC Mellon Trust Company. Beneficial shareholders
should contact their broker or financial institution to ensure that their shares are deposited and that
they receive their cash proceeds.