TORONTO, May 4 /CNW/ - Century II Holdings Inc. announced the election of two new Directors namely Mr. Timothy W. Casgrain and Mr. Donald J. McDougall and the re-election of Mr. Ronald Breen at the Company's annual general meeting. Mr. Casgrain started his career as a Chartered Accountant with Deloitte and Touche. In 1976, he joined Brascan Financial Corporation (now Brookfield Asset Management Inc.), where he held several senior officer positions, including Executive Vice-President from 2001 to 2002. Brookfield Asset Management currently has approximately US$50 billion assets under management, primarily in the real property and power generating sectors. From 1988 to 1995, Mr. Casgrain was also the President and Chief Executive Officer of NBS Technologies Inc., a developer and manufacturer of equipment used to produce and read identity verification and point-of-sale transaction cards. Since 1997 Mr. Casgrain has been the Chairman of Skyservice Investments Inc., which, though its subsidiaries, provides personal and commercial charter aviation and air ambulance services. Mr. Casgrain is currently the Chairman of the Canadian Foundation for Economic Education and President of Canada's Sports Hall of Fame. Mr. Donald J. McDougall started his working career as a management trainee with Labatts in London, Ontario. Through the years, he held various positions within this brewery company, culminating with his appointment as the President of the company in 1973, an office that he held until 1979. In 1980, he chaired a federal government task force which was examining the privatization of Petro Canada. In 1983, he purchased Novatronics Inc., an aerospace company based in Stratford, Ontario. Mr. McDougall was also an officer and director of Accuform Golf Inc. prior to 2003. Mr. McDougall is currently a director of Stormont Inc. and Casnostie Holdings Inc. Mr. Breen has been a director of Century II since 2003. About Century II Holdings Inc. (TSX Symbol: CH) ----------------------------------------------- Century II Holdings Inc. is a publicly listed holding company whose wholly owned subsidiary, ICS Courier, operates a fixed route courier business servicing in excess of 35,000 accounts in the insurance, optical, financial, travel, dental and legal business sectors across Canada. %SEDAR: 00002281E