Business
Canadian Equipment Rental Fund Limited Partnership Results for the Second Quarter 2010
Canadian Equipment Rental Fund Limited Partnership Results for the Second Quarter 2010
About this update from Zedcor Inc
[{"type":"text","content":"\n\n\n\n Aug. 27, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\nTSX Venture Symbol: CFL.UN\n\nCALGARY, Aug. 27 /CNW/ - Mr. Wayne Wadley, president of CERF GP Corp., the general partner of Canadian Equipment Rental Fund Limited Partnership ("CERF" or the "Partnership"), is pleased to announce the results for the three and six months ended June 30, 2010.\nFull details of the Partnership's results, in the form of the unaudited financial statements for the three and six months ended June 30, 2010 and Management's Discussion and Analysis of the results dated August 25, 2010 are available on SEDAR at www.sedar.com and on the Partnership's website www.cerflp.com.\n\n\n >\n\n\nFORWARD LOOKING STATEMENTS\n\nThis press release contains forward looking statements subject to various risk factors and uncertainties, which may cause the actual results, performances, cash flows or the ability to pay distributions to be materially different from the results, performances, cash flow or the ability to pay distributions expressed or implied by such forward looking statements.\n\nMr. Wadley makes the following statements:\n"We are still seeing indications of an economic recovery that cause us to believe that 2010 will be a better year for the Partnership. The second quarter of 2010 was hampered by a warm and wet spring which reduced the demand for winter equipment and put many construction projects on hold as it was too wet to continue. Also some projects were put on hold due to the tightening of credit caused by the fear of a worsening economy related to the crisis in Europe. With those events behind us we are looking to the last half of the year with optimism.\nThe waste disposal and recycling business we acquired in October 2009 is continuing to grow. We are experiencing higher demand for our recycling and disposal services as we continue to roll out innovative new products and services. Our 4-Way customers have embraced this...